Canada’s Husky Energy said on Sept. 9 it would undertake a review of its West White Rose Project in the country’s Atlantic region, following suspension of major construction in March due to the coronavirus outbreak.
A full review of the scope, schedule and cost of the project is critical, given the minimum one-year delay to first oil caused by the COVID-19 pandemic, the company said.
“Unfortunately, the delay caused by COVID-19 and continued market uncertainty leaves us no choice but to undertake a full review of the project and, by extension, our future operations in Atlantic Canada,” CEO Rob Peabody said in a statement.
The project is 60% complete but all major construction remains on hold while the company determines a way forward, Husky added.
Husky, which is the operator of the field located off the coast of Newfoundland and Labrador, had approved the C$2.2 billion ($1.66 billion) project in 2017 after long delays.
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