Name and Location
Hebron oilfield development, off Newfoundland and Labrador, Canada.

Client
ExxonMobil Canada Properties (operator – 36%), Chevron Canada Resources (26.7%), Suncor Energy (22.7%), Statoil Canada (9.7%) and Nalcor Energy Oil & Gas (4.9%).

Project Description
The Hebron project, located about 350 km off New Foundland and Labrador, currently contains three discovered fields – Hebron field, West Ben Nevis and Ben Nevis – and includes four significant discovery licences (SDLs), namely SDL 1006, SDL 1007,
SDL 1009 and SDL 1010.

Using a gravity-based structure, the Hebron platform will recover more than 700-million barrels of oil.

The platform is being designed for an oil production rate of 150 000 bbl/d.

Hebron will be developed using a stand-alone gravity-based structure, consisting of reinforced concrete designed to withstand sea ice, icebergs and meteorological and oceanographic conditions.

The base will be designed to store about 1.2-million barrels of crude oil and will support an integrated topsides deck that includes living quarters and facilities to perform drilling and production.

Value
The  capital cost of the project is estimated at $14-billion.

Duration
Production is expected to start in late 2017.

Latest Developments
The Hebron field development was sanctioned by operator ExxonMobil and its coventurers at the end of December 2012.

Key Contracts and Suppliers
None stated.

On Budget and on Time?
Not stated.

Contact Details for Project Information
ExxonMobil media relations, tel +1 972 444 1107.
Statoil, tel +47 51 99 00 00 or fax +47 51 99 00 50.
Suncor Energy media inquiries, tel +1 403 296 4000 or email media@suncor.com; or
investor inquiries, tel +1 800 558 9071 or email invest@suncor.com.
Nalcor Energy & Gas, tel +1 709 737 1440, fax +1 709 737 1800 or email info@nalcorenergy.com.