November 28, 2017
Minister Coady Congratulates Hebron on First Oil
Today, the province is celebrating first oil at the Hebron platform, located 350 kilometres offshore Newfoundland in the Jeanne d’Arc Basin. The Honourable Siobhan Coady, Minister of Natural Resources, congratulated ExxonMobil Canada and co-venturers Chevron Canada Limited, Suncor Energy Inc., Statoil Canada Ltd., and Nalcor Energy - Oil and Gas Inc. on the tremendous milestone achieved.
During its eight-year engineering and construction phase, the Hebron project was a significant contributor to the province’s economy, providing direct employment and training to thousands of residents, including approximately 7,500 personnel during peak construction. Hebron is the province’s fourth offshore oil project.
The completed platform was towed to the field in early June 2017, following its construction at Bull Arm. The project is expected to provide long-term employment for over 600 personnel during operations and support long-term economic development opportunities for various local supply and service companies.
It is estimated that the Hebron field, first discovered in 1980, will produce more than 700 million barrels of recoverable resources. At peak rates, the Hebron platform will be able to produce up to 150,000 barrels of oil per day. Royalties and other direct financial benefits from Hebron to the province are currently estimated to be in the billions of dollars.
“It is a privilege to join fellow Newfoundlanders and Labradorians today in the celebration of first oil for Hebron, demonstrating ingenuity and hard work by all. With four operating platforms and incredible prospectivity, we are positioning the province as a preferred global location for oil and gas development – a strategy that is working.”
Honourable Siobhan Coady
Minister of Natural Resources
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About the Hebron project - www.hebronproject.com
Information on the oil and gas industry in Newfoundland and Labrador - economics.gov.nl.ca/E2017/OilAndGas.pdf
2017 11 28 4:15 p.m.