August 20, 2019

“Economies of scale accrue quickly off Newfoundland. For Husky, another 52,500 barrels per day are expected by 2022, when the West White Rose project comes onstream. It’s CEO says Eastern Canadian operating costs are just US $17 per barrel, so you can quickly add four water injectors to prop up production until “over US $1 billion per year” start rolling in and new discoveries are tied back to existing production at even lower drill costs.”

 

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