OREANDA-NEWS. Husky Energy's reserves growth continued to outpace production in 2014, reflecting the additional booking of reserves at the Liwan Gas Project, the Sunrise Energy Project and heavy oil thermal projects.

The average proved reserves replacement ratio in 2014 was 115 percent (111 percent including economic factors such as declining oil and gas prices during the year). The proved reserves replacement ratio over the past four years is 157 percent (143 percent including economic factors).

At the end of 2014, Husky had total proved reserves before royalties of 1.3 billion boe, probable reserves of 1.9 billion boe and best estimate contingent resources of 14.8 billion boe.

The Company's Oil Sands portfolio is responsible for 10.3 billion boe of the best estimate contingent resources total.