Husky adds to oil sands holdings
Husky Energy has built on its major role in Alberta’s oil sands, picking up almost 23,680 acres for C$10 million in a region that is attracting a flurry of attention.
The Saleski property gives Husky another 2.7 billion barrels of bitumen reserves and will allow the company to become “a dominant oil sands player,” President and Chief Executive Officer John Lau said in a statement April 17.He said the purchase allows Husky to consolidate its total Saleski leases to 178,560 acres and builds its potential resources to 19.5 billion barrels of original bitumen in place.