In October, 2013, Husky Energy and the Government of Newfoundland and Labrador announced an agreement to amend the White Rose Development. White Rose is the name of an oil field offshore Newfoundland. The announcement included the news that this oil resource could be exploited by installing a gravity based 'wellhead platform' structure over the western section of the oil field on the ocean floor in approximately of water. To support this billion dollar wellhead platform construction project, Husky announced that it would be establishing a graving dock facility on the Northside Peninsula at Argentia to support the construction of the concrete base of the wellhead platform. Construction of the graving dock began in late 2013 and was finished in early 2015. However, in December 2014, Husky announced that, due to declining oil prices, the decision to construct the Concrete Gravity Base (CGS) had been deferred.