November 12, 2003 Technical Dinner Meeting

Brian Hunka – Husky Energy
Tucker Lake Project / Kearl Lake Updates

 BIOGRAPHY:

 Brian Hunka graduated from the University of Alberta with a BSc degree in Mechanical Engineering and has 25 years of industry experience. Over his career Brian has held various positions with numerous oil companies including Brascan, Kaiser, Dome, Murphy, and Renaissance. Brian joined Husky in 2000 through the Renaissance acquisition.

 Brian is a past member of CAPP’s Oil Sands Executive Policy Group, and he currently is a member of various organizations including APEGGA, CIM, and the CHOA. Brian is the Oil Sands Resource and Development Manager for Husky, and is responsible for the development of Husky’s in-situ thermal leases in NE Alberta.      

 ABSTRACT:

 Husky currently has over 430,000 net acres of Oil Sands leases in northeast Alberta. These leases are estimated to contain over 23 billion bbls of bitumen in place. Husky’s initial plans are to develop its Tucker and Kearl properties.

 The Tucker lease is located in the Bonnyville/Cold Lake area, and is adjacent to the existing thermal operations of other operators. Husky has submitted a commercial application and intends to build a facility that will be capable of processing 30,000 barrels of bitumen per day. The bitumen resource at Tucker is deposited in the Clearwater zone, and will be exploited by utilizing dual horizontal well pairs with steam injection. The facility is being designed to utilize recycled water for steam generation. Makeup water requirements will be provided from a non-potable saline water source.     

 The Kearl lease is located northeast of Fort McMurray. Over the past two years Husky has drilled 310 stratigraphic evaluation wells at Kearl. Results have been favorable, and it is likely that this lease will be able to support the development of a 150,000 bopd in situ thermal project. An Environmental Impact Assessment is currently being done, and a commercial application will be submitted in 2004.

 The presentation will give an overview of Husky’s two proposed thermal projects, and will update the current state of development for both projects.