Nov 21, 2010

Husky, partners, win two Canada offshore blocks



Husky Energy Inc and its partners won exploration rights to two parcels of land in the prolific Jeanne D'Arc Basin offshore Newfoundland with bids totaling C$16.3 million ($16 million), the province's offshore regulator said on Friday.
The Canada-Newfoundland Offshore Petroleum Board said Husky, controlled by Hong Kong billionaire Li Ka-shing, and equal partner Statoil, paid C$15.5 million for a 74,000-acre block.
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Source: Reuters

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