ExxonMobil looks to reap 700 million-plus bbls from Hebron project

Posted on 09 January 2013

ExxonMobil will develop the Hebron oilfield offshore the Canadian province of Newfoundland and Labrador using a gravity-based structure that will recover more than 700 million bbls of oil, an increase versus earlier estimates. Capital cost for the project, which is expected to begin oil production around the end of 2017, is estimated at $14 billion. The platform is being designed for daily production of 150,000 bbls of oil.

Hebron will be developed using a stand-alone, gravity-based structure consisting of reinforced concrete designed to withstand sea ice, icebergs and meteorological and oceanographic conditions. The base will be designed to store approximately 1.2 million bbls of crude oil and will support an integrated topsides deck that includes living quarters and facilities to perform drilling and production.

Construction of the gravity-based structure is under way at the project’s primary construction site in Bull Arm, Newfoundland and Labrador. Topsides fabrication is expected to begin later this year.

“Hebron is one of several large-scale oil developments that ExxonMobil will bring on stream in the next five years,” said Neil W. Duffin, president of ExxonMobil Development Company. “ExxonMobil will employ its expertise in Arctic development and project execution to develop this world-class resource in challenging operating conditions.”

The Hebron field is located offshore Newfoundland and Labrador in the Jeanne d’Arc Basin more than 200 miles (350 km) southeast of the capital of St. John’s and about 19 miles (32 km) southeast of ExxonMobil’s Hibernia project. Water depth is approximately 300 ft (92 meters).

Hebron will be operated by ExxonMobil’s affiliate ExxonMobil Canada Properties. Hebron partners are Chevron Canada, Suncor Energy, Statoil Canada and Nalcor Energy Oil and Gas.

Leave a Reply

*

FEATURED MICROSITES


Recent Drilling News

  • 22 August 2014

    Ryan Directional Services inks deal to deploy Alcoa pipe in North American shales

    Ryan Directional Services, a division of Nabors, has selected Alcoa’s FarReach alloy drill pipe for its onshore horizontal-drilling applications…

  • 18 August 2014

    Repsol runs BlueDock connectors in Trinidad and Tobago

    Repsol has recently run BlueDock connectors with elastomeric seals in Trinidad and Tobago. The operation took place in the Arima 2 well on a jackup platform...

  • 15 August 2014

    Joe Hurt to retire from IADC

    After more than 14 years with IADC and a career spanning 42 years, Joe Hurt, Vice President of IADC’s Onshore Division, will retire at the end of August. Mr Hurt began his career in 1974 with Noble Corp, working on land drilling rigs...

  • 13 August 2014

    OneSubsea, Helix and Schlumberger to form subsea well intervention alliance

    OneSubsea, Helix Energy Solutions Group and Schlumberger have entered into a letter of intent to form an alliance to develop technologies and deliver...

  • 12 August 2014

    Noble Energy, Woodside Petroleum sign PSC for exploration offshore Gabon

    Noble Energy has signed a production-sharing contract (PSC) with Gabon government, covering Block F15 in the Gabon Coastal Basin. Under the terms...

  • Read more news