Husky Oil China Ltd. is a wholly owned subsidiary of Husky Energy, which is headquartered in Calgary, Alberta, Canada.
Husky Energy Inc. is one of Canada's largest integrated energy companies. The Company operates worldwide with Upstream, Midstream and Downstream business segments. The Company is publicly traded on the Toronto Stock Exchange under the symbol HSE and announced $18 billion of sales and operating revenues in the past 2010. Husky’s foundation is in Western Canada where the company has extensive conventional oil and natural gas assets, significant heavy oil production, upgrading and transportation infrastructure. The base provides strong cash flow to develop the 3 pillars of growth: the Oil Sand, the Atlantic Region and the South East Asia including China.
Husky Oil China Ltd. is one of the few foreign oil companies in China with daily oil production and the larger exploration acreage.
The Company has so far signed multiple Production Sharing Contracts with CNOOC in the exploration blocks in the East and the South China Seas. Husky holds 100 percent exploration interest in those blocks and also has a 40% working interest with CNOOC in the Wenchang 13-1/2 offshore oil fields.
The Company made a significant discovery in the South China Sea in 2006 at Liwan, which is one of the largest natural gas discoveries offshore China recently. And Husky will welcome the first gas in Liwan in 2013.
For more information about the Company, please visit our web site at: www.huskyenergy.com.
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