Husky Energy updates Indonesian ops

Canadian-based oil firm Husky Energy Inc. has released its 2009 second quarter report. The following is an edited excerpt of the report on the company?s operation in Indonesia.

Madura Strait PSC- Offshore E. Java (100%)
The Madura BD field development plan has been approved by the Government of Indonesia and Husky continues to await approval of an extension to the Production Sharing Contract (?PSC?). Engineering work has been tendered and will commence upon receipt of the PSC extension.

East Bawean II PSC- Offshore East Java (100%)
In the East Bawean II PSC, in which Husky holds a 100% interest, the Transocean Adriatic XI jack-up rig will drill two exploration wells, the first of which was spud on July 8, 2009.

North Sumbawa II PSC- Offshore West Nusa Tenggara (100%)
During the second quarter of 2009, existing 2-D seismic was interpreted for Husky?s 100% interest in the North Sumbawa II Block, comprising 5,000 square kilometres in the East Java Sea. Planning is now underway to acquire 800 kilometres of new 2-D seismic by early 2010.

Upstream Capital Expenditures
In Indonesia, capital expenditures during the first six months of 2009 were $2 million. (end of edited excerpt)