April 2013, Vol. 240 No. 4

Features

ExxonMobil Selects GBS To Develop Hebron Field Off Canada

ExxonMobil Corp. will develop the Hebron oil field offshore the Canadian province of Newfoundland and Labrador using a Gravity-Based Structure (GBS) that will recover more than 700 MMbbls of of oil, an increase versus earlier estimates. Capital cost for the project, which is expected to begin oil production by the end of 2017, is estimated at $14 billion. The platform is being designed for daily production of 150,000 bbls of oil. “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 d

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