Husky says oil sands project on budget and schedule

Thu Nov 1, 2012 11:54am EDT
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CALGARY, Alberta Nov 1 (Reuters) - Husky Energy Inc expects no cost overrun or delay at its C$2.5 billion ($2.5 billion) Sunrise oil sands project in Alberta, despite a tightening labor supply and growing industry-wide inflation, Chief Executive Asim Ghosh said on Thursday.

"We have a reasonable handle on where we are. So we see nothing in terms of what have which indicates a blowout either in money or in timing," Ghosh said during a conference call.

The first stage of Sunrise, a joint venture with BP Plc , is scheduled to produce 60,000 barrels a day starting in 2014.