Husky Energy is going to receive a chunk of the $320-million offshore oil federal aid fund. Husky will get $41.5-million to take a step toward the restart of the West White Rose project. That project is currently on hold with no construction planned through next year, however, the money may eventually result in a change of those plans.
Energy Minister Andrew Parsons says the company will match the $41.5-million. The money will keep the project in warm suspension, and employ about 330 people including 160 skilled tradespeople.
There is no guarantee yet that the GBS for West White Rose will fully resume but the money protects the option of re-starting the project in 2022.
The bulk of the federal money —$288-million—will be doled out in the first stream of cash for operators of offshore installations, targeting maintenance, ways to increase work in the basin itself, and to accelerate production.
The second stream of cash —$32-million—will be put aside for applications from the supply and service industry.
Energy Minister Andrew Parsons says the announcement is positive news, and means jobs, spinoff opportunities and maybe more importantly, hope for the future of the offshore oil industry.
Energy Minister Andrew Parsons says Husky will match $41.5M to do in-province work related to West White Rose. pic.twitter.com/ssNhx2jeGE
— Brian Callahan (@briancallahan67) December 3, 2020
