Husky Tucker Lake Project -- an Aquatech SAGD Installation

The Facility
Husky Energy is a Canadian-based energy and energy-related company headquartered in Calgary, Alberta. Husky's operations can be divided into three distinct business segments: Upstream, Midstream and Refined Products. The Oil Sands (Upstream Segment) of northern Alberta are one of Husky's long-term growth areas. Husky has more than 425,000 acres in the Athabasca, Cold Lake and Peace River areas that contain over 33.5 billion barrels of bitumen in place.

Construction on the Tucker Thermal Oil Sands Project began in the fall of 2004. The Tucker Project, which is estimated to have a 35 year project life and peak production of more than 30,000 barrels per day, is anticipated to be commissioned and producing oil by the end of 2006. Husky will use steam assisted gravity drainage (SAGD) technology to recover bitumen at Tucker. A key advantage of the Tucker thermal project is its proximity to Husky's transmission pipeline system, which can transport diluted bitumen to the Company's heavy oil upgrader at Lloydminster, Saskatchewan, to be processed into premium synthetic crude.