P R O J E C T O V E R V I E W
• Hebron is a heavy oilfield lying 350 km south-west of Newfoundland and Labrador’s capital, St. John’s, in the Jeanne d’Arc Basin. It lies at a water depth of approximately 92 meters.
• The joint venture partners in the field development are ExxonMobil Canada Properties as Operator (36%), Chevron Canada Resources (26.7%), Suncor Energy Inc. (22.7%), Statoil Canada (9.7%) and Nalcor Energy (4.9%).
• Recoverable reserves in Hebron are estimated at 400 to 700 million barrels of 18-25API oil, making it the second-largest field in the Jeanne d’Arc Basin after Hibernia.
• First oil is expected by the end of 2017, reaching a peak of approximately 150,000 to 170,000 barrels per day within the first few years of start-up.
• Oil from the field will be produced using a concrete Gravity-Based Structure (GBS) similar in concept to the existing Hibernia platform.
S I Z E A N D S C O P E
• Capital expenditures for this heavy oil project are estimated between US$7 and $11 billion, including construction of the GBS, which will be built at Newfoundland’s Bull Arm construction yard.
• Detailed engineering procurement to begin between 2012 and 2016.
• Construction is expected to begin in 2012, with peak development in 2015.