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Husky White Rose field (CA) shut 3rd Day – Ice

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    Charles Randall
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    Husky’s White Rose Oil Field Shut for Third Day on Heavy Ice
    2008-04-03 06:45 (New York)
    By Sonja Franklin and Alexander Kwiatkowski
         April 3, 2008 (Bloomberg) — Husky Energy Inc., the Canadian oil
    company controlled by Hong Kong billionaire Li Ka-shing, kept
    its White Rose field off Newfoundland and Labrador shut for a
    third day because of heavy ice in the area.
         About 30 workers have been moved off the Searose floating
    storage and production vessel that services the field, company
    official Margaret Allan said by telephone today.
         “Production is still shut in,” she said. “We are
    actively monitoring and managing the ice offshore.” She didn’t
    give an estimate for when production may resume.
         Husky shut White Rose, about 218 miles east of the
    provincial capital St. John’s, on April 1 on concern pack ice
    near the filed may damage facilities. The field was producing
    the equivalent of 130,000 barrels of oil a day before the shut-
    in and has the capacity to pump 140,000 barrels a day
    .
         Husky is the operator of White Rose, with a 72.5 percent
    interest. Petro-Canada, the country’s third-largest oil company,
    holds the remaining 27.5 percent stake
    .
         Hutchison Whampoa Ltd., Li’s biggest company, holds about
    35 percent of Calgary-based Husky’s stock. Li owns about 71
    percent of the Canadian oil producer through shares held by his
    family plus at least one other company.

    –Editors: John Buckley, Amanda Jordan

    To contact the reporter on this story:
    Sonja Franklin in Calgary at +1-403-444-5598 or
    sfranklin6@bloomberg.net;
    Alexander Kwiatkowski in London at +44-20-7330-7450 or
    akwiatkowsk2@bloomberg.net

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