CALGARY (Yosefardi) – Husky Energy has contracted a floating production, storage and offloading (FPSO), built to process the gas and liquids production from the field (Madura Strait), with first production anticipated in 2017.
Construction of a wellhead platform and pipeline infrastructure was advanced at the liquids-rich BD gas field in the Madura Strait.
Husky Energy reported solid results in the first quarter, including cash flow from operations of $838 million, net earnings of $191 million and production of 356,000 barrels of oil equivalent per day (boe/day), reflecting the resiliency of its portfolio in a low oil price environment.