ExxonMobil Starts Production at Hebron Field
28 Novembre 2017 - 4:00PM
Business Wire
- Project expects to produce up to
150,000 barrels of oil per day at peak
- Project achieved more than 40 million
hours without a lost-time injury
- Project completed ahead of
schedule
Exxon Mobil Corporation (NYSE:XOM) today announced that the
Hebron project started production safely and ahead of schedule. At
its peak, the project will produce up to 150,000 barrels of oil per
day.
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 platform is located about 200 miles (350 kilometers)
offshore Newfoundland and Labrador in water depths of about 300
feet (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. “We thank
the project’s co-venturers for their expertise and support, as well
as the employees and contractors who supported construction of the
facility, its tow out to the field and drilling of the initial
wells.”
During its eight-year engineering, construction and startup
phase, the Hebron project contracted hundreds of vendors throughout
the province of Newfoundland and Labrador and created about 7,500
jobs during the peak of the construction phase. The project
achieved more than 40 million hours without a lost-time injury
during construction.
“The local and international contractors played a critical role
in helping to complete the Hebron project ahead of schedule,”
Mallon said. “By leveraging their expertise, we were able to bring
this world-class platform online safely and successfully.”
Hebron is operated by ExxonMobil affiliate, ExxonMobil Canada
Properties, which holds 35.5 percent equity in the project. Chevron
Canada Limited holds 29.6 percent interest, Suncor Energy Inc.
holds 21 percent, Statoil Canada Ltd. has 9 percent and Nalcor
Energy-Oil and Gas Inc. has 4.9 percent.
About ExxonMobil
ExxonMobil, the largest publicly traded international energy
company, uses technology and innovation to help meet the world’s
growing energy needs. ExxonMobil holds an industry-leading
inventory of resources, is one of the largest refiners and
marketers of petroleum products and its chemical company is one of
the largest in the world. For more information, visit
www.exxonmobil.com or follow us on Twitter
www.twitter.com/exxonmobil.
Cautionary statement: Statements
that reference future events or conditions in this press release
are forward-looking statements. Actual future results, including
project plans, production rates and resource recoveries may differ
significantly from the forecasts, depending on changes in oil or
gas prices and other market or economic factors that affect the
petroleum industry; reservoir performance; unexpected technical
difficulties or other technical or operating factors; the actions
of governmental authorities or regulatory agencies; and other
factors listed under the heading “Factors Affecting Future Results”
on the Investor page at the ExxonMobil website at
www.exxonmobil.com and in Item 1A of ExxonMobil’s most recent Form
10-K. References to barrels of oil, recoverable resources and other
quantities of oil or gas in this release include volumes that are
not yet classified as proved reserves under SEC definitions, but
that we believe will ultimately be produced.
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