US oil major ExxonMobil has started oil production at the Hebron field off Newfoundland & Labrador that at its peak will produce up to 150,000 bpd.
The platform is located about 350 km offshore Newfoundland and Labrador in water depths of about 92 meters.
“The successful startup of the Hebron project demonstrates ExxonMobil’s disciplined project management expertise and highlights its ability to execute large-scale energy developments safely and responsibly in challenging operating conditions,” said Liam Mallon, president of ExxonMobil Development Company.
Discovered in 1980, the Hebron field is estimated to contain more than 700 million barrels of recoverable resources. The Hebron platform consists of a stand-alone gravity-based structure, which supports an integrated topsides deck that includes living quarters and drilling and production facilities. The platform has storage capacity of 1.2 million barrels of oil.
The startup phase took eight years and created about 7,500 jobs during the peak of the construction phase.
The local and international contractors played a critical role in helping to complete the Hebron project ahead of schedule,” Mallon added.
Hebron is operated by ExxonMobil affiliate, ExxonMobil Canada Properties, which holds 35.5 per cent equity in the project. Chevron Canada holds 29.6 per cent interest, Suncor Energy holds 21 per cent, Statoil Canada has 9 per cent and Nalcor Energy-Oil and Gas has the final 4.9 per cent.