On 18 April 2018, Husky Oil farmed out a 27.5% working interest in offshore Jeanne dâArc Basin exploration license EL 1122 to Suncor Energy. Terms of the transaction were not released. EL 1122 was originally 297.83 sq km when first awarded. Husky relinquished 92.30 sq km of EL 1122 on 12 January 2016, returning roughly the southern third of the block to the government. EL 1122 now contains 205.53 sq km following the relinquishment.  Husky and Statoil were officially awarded EL 1122 effective 15 January 2011. In November 2010, the C-NLOPB announced the preliminarily award of Parcel 2 from the Call for Bids NL10-01 to the two companies for a work commitment bid of CAD 15,150,000. Statoil assigned Husky its 50% interest in EL 1122A and 65% interest in EL 1122C to accomplish the equity transfer, which took effect on 8 December 2015. Husky already had full ownership of the EL 1122B portion of the tract. Having drilled a well within Period 1 of the licenseâs term, Husky qualified for Period 2 which extended EL 1122 term to its full nine years.
Husky Oil (-> 72,5%) farmed out a 27,5% WI in offshore exploration license EL 1122 to Suncor Energy.