Ordons News reports that Exxon is going to develop a large oil field offshore from Canada after a long wait - ExxonMobil to develop Hebron oil field off Canada.
ExxonMobil Canada Properties filed a development plan with Newfoundland and Labrador authorities in mid-April to develop Hebron oil field in the Atlantic off eastern Canada.
Forecasted cumulative recovery over 30 years is estimated at 660-1,055 million bbl of oil. Development would be via a gravity base structure with 52 well slots and the capacity to store 1.2 million bbl of oil in multiple compartments. ...
The plan filed with the Canada-Newfoundland and Labrador Offshore Petroleum Board said Hebron will be the fourth stand-alone development on the Grand Banks and, considering the Hibernia and White Rose tieback project, the sixth offshore oil project. ... Hebron was discovered in 1980, but the field area wasn't proved commercial until the mid-1990s, ExxonMobil said.