The Government of Newfoundland and Labrador and Husky Energy have announced that Husky Energy, as operator, is moving forward with the West White Rose project offshore Newfoundland and Labrador. First oil is expected in 2022, and at peak production, the project will produce approximately 75,000 barrels of oil per day.
Some of the economic benefits this project will generate include:
- More than 10 million person-hours of employment during the engineering and construction phases
- 250 permanent platform jobs once operational
- $3 billion in provincial royalties, equity, and taxes
- Contribution of $60 million to an Innovation and Business Development Fund
“Newfoundland and Labrador has positioned itself at the forefront of the global oil and gas industry. This is reflected in today’s announcement as the West White Rose Project is the largest oil and gas production project to move forward in Canada this year. I am excited at the benefits that this will bring to our local industries, workforce, and communities throughout the province,” said Newfoundland and Labrador Premier Dwight Ball in a news release.
Wellhead platform construction will begin in late 2017. Discovered in 1984, the main White Rose field is located approximately 350 kilometres east of St. John’s, on the eastern edge of the Jeanne d’Arc Basin. Read the government news release.