Husky Oil
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| Public company | |
| Traded as | : HSE : HSE.PR.A : HSE.PR.C : HSE.PR.E : HSE.PR.G OTCQB: S&P/TSX 60 component |
| Industry | Oil and gas |
| Founded | 1938 as Husky Refining Company |
| Headquarters | Calgary, Alberta, Canada |
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Key people
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Rob Peabody, President & CEO |
| Products | Oil, natural gas, asphalt, associated products , |
| Revenue | $22.4 billion, net of royalties (2015) |
| Owner | CK Hutchison Holdings (40.2%) |
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Number of employees
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5,500 |
| Website | www.huskyenergy.com |
Husky Energy Inc. is one of Canada’s largest integrated energy companies, headquartered in Calgary, Alberta. Its common shares are publicly traded on the Toronto Stock Exchange under the symbol HSE. The Company operates in Western and Atlantic Canada, the United States and the Asia Pacific Region, with Upstream and Downstream business segments. Husky Energy is controlled by Hong Kong billionaire Li Ka-Shing who owns a majority share of approximately 70% according to Bloomberg and Financial Post data.
Husky's foundation is in Heavy Oil and Western Canada, where it has conventional oil and natural gas assets, significant heavy oil production and downstream operations, including refineries, upgrading facilities and pipelines. The Company's three growth pillars are in the Asia Pacific Region, the Oil Sands and the Atlantic Region.
In the Asia Pacific Region, Husky’s Liwan Gas Project in the South China Sea achieved first production in 2014. The Company is advancing the liquids-rich BD field offshore Indonesia, along with three additional shallow water fields.
Husky also has a portfolio of oil sands leases, encompassing some 2,500 square kilometres in the Fort McMurray region of northern Alberta. Its Sunrise Energy Project achieved first production in early 2015.
In the Atlantic Region, off Canada's East Coast, the Company holds interests in 20 exploration licenses and producing properties at Terra Nova and White Rose. In the United States, the company owns a refinery in Lima, Ohio and holds a 50 percent ownership interest with BP in the BP-Husky Toledo Refinery in Oregon, Ohio. The company employs approximately 5,500 people (as of 2015), has approximately $33.1 billion in assets and produced an average of 346,000 barrels of oil equivalent per day in 2015, making it one of Canada's largest energy companies.
At 2015 year-end, Husky Energy had total proved reserves before royalties of 1.3 billion boe and probable reserves of 1.6 billion boe. In 2015 its reserves replacement ratio was 166 percent (136 percent including economic factors), reflecting new additions from heavy oil thermal projects, the Sunrise Energy Project, the Liwan Gas Project and the Company's natural gas fields offshore Indonesia. It owns approximately 490 retail stations in Canada.
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Wikipedia