Hebron project

From Global Energy Monitor

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]

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

Related GEM.wiki articles

External resources

External articles