ExxonMobil's Canada Offshore Project Produces First Oil
. During Hebron's eight-year construction process U.S. oil prices collapsed from over $100 a barrel to as low as $26. The platform holds living quarters, drilling and production facilities and storage capacity for 1.2 million barrels of oil. It is operated by Exxon's ExxonMobil Canada Properties, which holds a 35.5 percent stake. Other joint venture partners are Chevron Canada Ltd, Suncor Energy, Statoil ASA and Nalcor Energy, the Newfoundland and Labrador provincial energy corporation. (Reporting by Nia Williams; Editing by Susan Thomas
ATL Secures 10-Year OSV Contract for ExxonMobil
ATL’s newest OSV contract creates 100 new jobs Atlantic Towing Limited (ATL) announced today that it has secured a new 10-year firm contract, plus a total of 15 years of options at the Charterers’ discretion, with ExxonMobil Canada Properties and Hibernia Management and Development Company Ltd. (HMDC) for four new state-of-the art Platform Supply Vessels operating out of St John’s, NL. The first ships for the contract will be delivered in 2016 and will join Atlantic Towing’s current fleet of eight offshore support vessels in Atlantic Canada. The new contract means 100 new
Kvaerner Wins EPC Contract for Hebron GBS Project
ExxonMobil Canada Properties has released the option for Kvaerner's joint venture company Kiewit-Kvaerner Contractors to provide the full scope of engineering, procurement and construction (EPC) services for the Hebron Project gravity based structure (GBS). The contract value for Kvaerner's share of the full EPC contract is approximately $1.5 billion and includes work conducted to date on the Hebron project. The authorization to proceed with the full EPC contract follows the substantial completion of the Front End Engineering and Design (FEED) and site preparation contract awarded November 9
Kværner Wins GBS Offshore Newfoundland Contract
Kvaerner Contractors to provide engineering, procurement & construction (EPC) services for the Hebron Project gravity based structure (GBS). ExxonMobil Canada Properties has released the option for Kvaerner's joint venture company Kiewit-Kvaerner Contractors to provide the full scope of engineering, procurement and construction (EPC) services for the Hebron Project gravity based structure (GBS). The contract value for Kvaerner's share of the full EPC contract is approximately USD 1.5 billion and includes work conducted to date on the Hebron project. The authorization to proceed with the full EPC
Statoil in New Field Development Offshore Canada
four Significant Discovery Licences (SDLs) (SDL 1006, SDL 1007, SDL 1009 and SDL 1010). Capital cost for the project is estimated at USD14 billion. Production is expected to start late 2017. The Hebron GBS is planned to have a lifetime of 40 years. The Hebron Project co-venturers are: ExxonMobil Canada Properties (operator, 36%), Chevron Canada Resources (26.6%), Suncor Energy Inc. (22.7%), Statoil Canada (9.7%) and Nalcor Energy Oil and Gas (4.9%). Offshore Newfoundland, Statoil is the operator of four Significant Discovery Licenses (SDLs) and holds a significant exploration portfolio
February 2025
