Husky Energy Achieves 100,000 Barrels Per Day From White Rose

Mr. John C.S. Lau, President & Chief Executive Officer, Husky Energy Inc., announced that the Company has achieved 100,000 barrels per day production from the White Rose oil field, 350 kilometers southeast of St. John's, Newfoundland and Labrador, following the successful completion of a fourth production well.

"We are very pleased with the performance of the White Rose oil field, which is ahead of our project milestone of producing 100,000 barrels per day. The safe and reliable operations of the SeaRose FPSO (floating production, storage and offloading vessel) allows us to continue to achieve efficient production performance from the White Rose reservoir," said Mr. Lau.

White Rose oil field gross production successfully reached 100,000 barrels per day on May 9 and sustained at that level throughout May 10. The fourth production well was subsequently cut back for a pressure build-up of 24 hours in compliance with Husky's development program approved by the Canada - Newfoundland and Labrador Offshore Petroleum Board.

The Company intends to keep gross production rates at an average of 85,000 barrels per day until the completion of a fifth production well at the end of June. With the fifth production well online, production capacity of the White Rose oil field is expected to be in excess of 100,000 barrels per day.

Husky Energy holds a 72.5 percent working interest in the White Rose field and is the project operator.

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