Hebron project
Hebron is an offshore oil field estimated to contain more than 700 million barrels of recoverable resources. The field was first discovered in 1980, and is located offshore Newfoundland and Labrador (NL) in the Jeanne d'Arc Basin. First production on the Hebron platform began in June 2017.[1]
Contents
- 1 Reserves and CO2 Emissions
- 2 Strategic Significance
- 3 Companies Involved
- 4 Cost
- 5 Potential ESG Risks
- 6 Indigenous Rights
- 7 NGO's Involved
- 8 Local Opposition
- 9 Status of Project
- 10 Infrastructure
- 11 Domestic Political Situation
- 12 Project Economics
- 13 International Dynamics
- 14 Financing
- 15 Articles and resources
Reserves and CO2 Emissions
The field has an estaimate recoverable reserves of 700 million barrels of oil. At peak, the platform will be capable of producing 150,000 barrels per day.[1]
Strategic Significance
Due to its cold water location in the harsh North Atlantic environment, Hebron pioneered cutting edge engineering, which will be applied in the future in development of Arctic offshore resources.[2]
Companies Involved
ExxonMobil Canada Properties, Chevron Canada Limited, Suncor Energy, Statoil Canada, Nalcor Energy-Oil and Gas
Cost
The project cost $14 billion.[2]
Potential ESG Risks
Corruption
Labour Rights
Indigenous Rights
NGO's Involved
Local Opposition
Status of Project
Infrastructure
Domestic Political Situation
Project Economics
Tax Revenues
International Dynamics
Financing
Articles and resources
References
- ↑ 1.0 1.1 "Hebron Project Produces First Oil," Hebron, 28 November 2017
- ↑ 2.0 2.1 "New Hebron offshore oil platform a Canadian engineering marvel," The Conversation, 12 March 2018
