C-NLOPB lifts estimate of Hibernia oilfield resources

July 1, 2022
The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) have updated the most likely EUR for the Hibernia Field offshore eastern Canada.

Offshore staff

ST JOHN’s, Canada  The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) have updated the most likely EUR for the Hibernia Field offshore eastern Canada, according to a June 24 C-NLOPB news release.

The proven and probable (2P) EUR is now 1,812 MMbbl of oil, based on data from drilling and production activities and an updated, long-term drilling schedule.

In 2014, when the previous estimate was issued, the 2P EUR was thought to be 1,644 MMbbl.

Recently, the C-NLOPB also raised its most likely EUR for the North Amethyst Field to 70 MMbbl, compared with 64 MMbbl in 2018.

It defines EUR as those quantities of petroleum estimated, as of a given date, to be recoverable plus those quantities that have been already produced.

In May, the C-NLOPB issued Calls for Bids for Exploration Licenses in the Eastern Newfoundland and Southeastern Newfoundland regions.

  • Call for Bids NL22-CFB01 (Exploration Licenses, Eastern Newfoundland Region) consists of 28 parcels and a total of 7,005,595 ha.
  • Call for Bids NL22-CFB02 (Exploration Licenses, Southeastern Newfoundland Region) consists of 10 parcels and a total of 2,665,292 ha.

Bids should be submitted by Nov. 2, 2022.

07.01.2022

Related

Photo 31044763 © Per Bjorkdahl | Dreamstime.com
Courtesy Cenovus Energy's "Development Plan Amendment Use of Stand-Alone Subsea Trees in the White Rose and North Amethyst Fields Volume 1 – Development Plan"