Husky Energy Receives Regulatory Approval for Oilfield Project

Husky Energy Inc. announced on December 19, 2001 that it received regulatory approval from the government of Newfoundland and Labrador and the federal government for its White Rose Oilfield Project off the coast of Newfoundland. The operator of the White Rose oilfield, Husky Oil Operations Limited, is a wholly owned subsidiary of Husky Energy.

The White Rose Oilfield Project, a $2.3 billion venture, is estimated to consist of 230 million barrels of recoverable reserves in the South Avalon pool. Ownership interest is held by Husky Oil Operations (72.5 per cent) and Petro-Canada (27.5 per cent).

James Girgulis, vice-president, legal, and Susan Anderson, senior solicitor, Husky Energy, managed the regulatory approval process together with Doug Black, Q.C., of Donahue LLP, and Alexander MacDonald, Q.C., and Stephanie Hickman of Patterson Palmer.

James Girgulis, Jina Abells, solicitor, and James Cook, manager, legal, Husky, continue to oversee the commercial development of the White Rose Oilfield Project with the assistance of Ron Deyholos, Harold Huber, Todd McRae, Anthony Cioni and Stephen Harris of Donahue.

Lawyer(s)

Stephen G. Harris Todd A. McRae Alexander (Sandy) MacDonald Douglas J. Black Anthony G. Cioni Ronald A. Deyholos Harold R. Huber