Canadian oil and gas company Husky Energy on Monday announced it had approved proceeding with its West White Rose Project offshore Newfoundland and Labrador, according to CBC.
It will use a fixed wellhead platform tied back to the SeaRose floating, production, storage and offloading (FPSO) vessel.
Calgary, Alberta-based Husky has a majority 70% stake in the project and is partnered with Suncor Energy and Nalcor Energy of St John’s, Newfoundland.
Production should begin in 2022 and is expected to reach a peak daily rate of 75,000 barrels by 2025. Estimated lifespan of the project is 25 years.
During the announcement Husky also revealed a new discovery made about 11 km from the FPSO. But it is too early to say how significant that find is, a company spokesman said.