Husky delays offshore Indonesian work program

NORTH American-headquartered oil producer Husky Energy has suspended plans to drill and develop the MDA-MBH gas field in Indonesia, as part of a larger plan to cut its overall capex by US$1 billion in response to growing global market concerns.

Husky delays offshore Indonesian work program Husky delays offshore Indonesian work program Husky delays offshore Indonesian work program Husky delays offshore Indonesian work program Husky delays offshore Indonesian work program

 

In a statement the company said it had taken a "series of actions to fortify its business" as global markets crashed last week, and the oil price continued to dive.

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