By the OGJ editors
HOUSTON, Apr. 8 -- Husky Oil Operations Ltd., operator of the White Rose oil field project, and its partner Petro-Canada announced plans to proceed with the White Rose development off the east coast of Canada and have awarded a $400 million engineering, procurement, and construction contract for all topsides facilities to Aker Maritime Kiewit Contractors (AMKC).
Peter Kiewit & Sons Co. owns 51% of AMKC, while Aker Kvaerner owns 49%. AMKC will work on the contract from a joint venture base in Newfoundland, AMKC said.
The White Rose development plan is focused on installing a floating production storage and offloading (FPSO) vessel with a capacity to handle production of 100,000 b/d. Plans call for 19-21 wells to recover up to 250 million bbl of oil over a 10-15 year period. Peak production of 92,000 b/d is expected to be sustained for 4 years, Husky said.
White Rose is 350 km east of Newfoundland in 115-130 m of water (OGJ, Jan. 21, 2002, p. 54). Production startup is expected by the end of 2005, with total development costs estimated at $2.35 billion (Can.). Full field operating costs are expected to be $2 billion. During the peak production years, operating costs are expected to average $3.30/bbl.
Excavation of the subsea glory holes is scheduled to begin in the field in third quarter 2002, and development drilling is expectedto begin in first half 2003
"With Hibernia and, more recently, Terra Nova now both in production, White Rose will be the third offshore east coast project for the province," said John Lau, Husky president and CEO. "White Rose will be an important contributor to the growing oil and gas industry in Canada and Newfoundland and Labrador."
White Rose development owners are Husky Energy through its unit Husky Oil 72.5% and Petro-Canada 27.5%
