Husky Promises Hefty Price for S. China Sea Development

Husky Energy believes that development of the Liwan field in the South China Sea may cost $4 billion to $5 billion.

Field developments, which include a 199 mile-long pipeline, will be designed to tap the estimated 4 trillion to 6 Tcf of natural gas in the field. CNOOC is Husky's partner in the field.