New Husky Energy plant starts production in Saskatchewan

The new Husky Energy heavy oil thermal project at Edam East, located approximately 100 kilometres east of Lloydminster, started production Monday in Saskatchewan.

• New Husky Energy plants will create 90 permanent, 500 construction jobs

"Our growing portfolio of heavy oil thermal projects continues to lead Husky's transition into a low sustaining capital business," said Asim Ghosh, Husky Energy CEO, in a news release.

"Edam East is another example of the quick ramp ups that we've come to expect from these developments, which have operating costs amongst the lowest in the industry."

According to Husky Energy, the new plant will havethe capacity to produce 10,000 barrels of oil per day withoperating costs for its Lloydminster thermal product lineaveragingabout $7 per barrel,includingenergy.

This is the firstof three thermal projects Husky will bring online this year in the province.