Government & Husky Announce White Rose Extension #nlpoli
The Provincial Government and Husky Energy announced that Husky Energy, as operator, is moving forward with the West White Rose project offshore Newfoundland and Labrador.
The first oil is expected in 2022 with direct employment, business and other industrial benefits provided to the province totaling more than $3 billion in provincial royalties, equity, and taxes.
The project will provide significant employment and procurement opportunities for residents. Benefits of this project include:
More than 10 million person-hours of employment during the engineering and construction phases; 9.7 million in direct employment;
In comparison to 2013 projections, there will be approximately 5,000 person years of employment through construction. This represents a 72 per cent increase since 2013;
250 permanent platform jobs once operational;
Construction of the concrete gravity structure in Argentia;
Engineering and fabrication of the accommodation module in the province;
Fabrication of the flare boom, helideck, and life boat stations in the province;
Contribution of $60 million to an Innovation and Business Development Fund to be administered by the Provincial Government for strategic investments to grow industry capacity; and
Collaboration between Husky Energy and the Provincial Government on future supplier development.
Wellhead platform construction will begin in late 2017. At peak production, the project will produce approximately 75,000 barrels of oil per day in 2025.