Dec 20 (Reuters) - Husky Energy Inc HSE.TO :
* HUSKY ENERGY ANNOUNCES 2019 BUDGET AND PRODUCTION UPDATE
* PLANS TO SPEND APPROXIMATELY $3.4 BILLION ON ITS CAPITAL EXPENDITURE PROGRAM IN 2019
* HUSKY'S AVERAGE ANNUAL 2019 PRODUCTION IS EXPECTED TO BE APPROXIMATELY 300,000 BARRELS OF OIL EQUIVALENT PER DAY (BOE/DAY)
* CAPITAL SPENDING IN 2019, EXCLUDING ANY COMBINATION WITH MEG, IS EXPECTED TO BE IN RANGE OF $3.3 -$3.5 BILLION
* SUSTAINING CAPITAL, AMOUNT REQUIRED TO MAINTAIN OPERATIONS AND KEEP PRODUCTION FLAT, IS ESTIMATED AT $1.8 BILLION FOR 2019
* RETAINS FURTHER FLEXIBILITY TO REDUCE CAPITAL SPENDING DEPENDING ON MARKET CONDITIONS
* GAS PRODUCTION IN ASIA PACIFIC REGION ON TRACK TO DELIVER "RECORD GROSS QUARTERLY PRODUCTION" IN Q4
* TERRA NOVA HAS RESUMED PRODUCTION OPERATIONS
* CONTINUES TO USE "EXTENSIVE STORAGE AND PIPELINE CONNECTIVITY TO SOURCE DISCOUNTED FEEDSTOCKS FROM PERMIAN AND BAKKEN BASINS"