TSX:HSE.PR.B - Post by User
Post by
mrbbon Dec 04, 2017 12:35pm
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Post# 27085809
Husky announces 2018 capital budget of $2.9B-$3.1B
Husky announces 2018 capital budget of $2.9B-$3.1BTotal capital spending for Husky Energy Inc. is expected to be $2.9-$3.1 billion, less than the estimated $3.3 billion annual average capital spending forecast in the five-year plan at Investor Day 2017, reflecting greater capital efficiency. Total capital investment for 2017 is $2.2B-$2.3B Upstream project spending is expected to be largely allocated to growing the Lloyd thermal portfolio, with 60,000 bbls/day of new production scheduled to be brought online between 2019 and 2021, and the construction of the 75,000-bbl/day West White Rose project in Newfoundland (52,500 bbls/day Husky working interest), with first oil planned in 2022.