Husky plans two Pearl River Mouth wells

Husky Energy Inc., Calgary, expects to drill two exploratory wells next year on Block 16/25 in the Pearl River Mouth basin 150 km southeast of Hong Kong.

Husky Energy Inc., Calgary, expects to drill two exploratory wells next year on Block 16/25 in the Pearl River Mouth basin 150 km southeast of Hong Kong.

A subsidiary of the company signed a production sharing contract for the block with CNOOC Ltd. of China.

Water depth of the 44-sq-km block is 100 m.

Husky will be operator and hold a 100% working interest during exploration.

CNOOC can assume a participating interest of as much as 51% for development and production.

Husky also plans two exploration wells on nearby Block 15/33.

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