An estimate of costs of the Husky Energy oil spill into the North Saskatchewan River have now been released by the company.
In a management discussion and analysis released Friday by Husky, the company stated that as of Dec. 31, 2016, total gross costs incurred in response to the spill were approximately $107 million.
Of that, $88 million was recovered through insurance proceeds.
According to the report, the spill costs and insurance recoveries have been incurred by Husky Midstream Limited Partnershup, or HMLP, of which Husky holds a 35 percent interest. Husky is the operator of the assets within HMLP.
Husky estimates the pipeline leak spilled approximately 225 cubic metres of heavy oil and diluent, with approximately 210 cubic meters recovered in cleanup operations last year.
