The company, controlled by Hong Kong billionaire Li Ka-shing, sold 1 million barrels of crude oil from its White Rose field, off the coast of Newfoundland, in the quarter to state-owned refiner Indian Oil Corp.
The sale is the first substantial shipment of Canadian crude to the subcontinent, giving the company a new customer for its offshore production as North American refiners increase their use of cheaper inland oil. The light oil from the field can now be used in all the Indian refiner's facilities.
"This was a test sale of a certain quality of crude," Asim Ghosh, Husky's chief executive, said on a conference call. "We are now qualified for the state-owned (refining) sector in India."