Regulators approve Hibernia South development plant offshore Newfoundland and Labrador

By Phaedra Friend Troy

Canadian regulators have approved the Hibernia South development offshore Newfoundland and Labrador

Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) has approved the amendments to the Hibernia Development Plan to allow the Hibernia Southern Extension Project to proceed. 

The Hibernia Management and Development Company Ltd (HMDC) plan to develop the Hibernia South Extension usng the existing oil production facilities and support infrastructure, as well as adding subsea infrastructure

The Development Plan Application for the Hibernia Southern Extension was filed with the C-NLOPB February 1, 2010. The plan calls for subsea wells to be tied-back to the existing gravity-base facility on the field, as well as extended-reach wells drilled via the production platform.

The Hibernia South reservoir is estimated to hold an additional 300 million barrels of crude oil. The additional development is expected to extend production from the Hibernia field by an additional five years.

Initial field development of the Hibernia field includes gravity base structure, topsides and offshore loading system. The first oil project offshore Newfoundland and Labrador, Hibernia began production 1997.

The HMDC is owned jointly by ExxonMobil, Chevron, Petro-Canada, Canada Hibernia Holding Corporation, Murphy Oil and Statoil.



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs