Offshore staff
ST. JOHN’S, Canada — Exxon Mobil has secured approval from the Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) for an amended development plan for the producing Hebron Field offshore eastern Canada.
The decision, also ratified by the federal and Newfoundland and Labrador governments, gives Exxon Mobil the go-ahead to develop sands within the Jeanne d’Arc Formation that were not covered under the field’s original development plan.
In their review of the application, C-NLOPB personnel undertook a reassessment of the most likely recoverable oil and contingent gas estimates for the Jeanne d’Arc Formation.
Results are as follows:
Proven and Probable (2P)
- 2012: 132 MMbbl
- 2023: 165 MMbbl
They also reassessed the EUR and contingent gas estimates for Pool 1 and the Hibernia Formation, based on findings from drilling in these locations.
POOL 1 HIBERNIA FORMATION
Year Proven and Probable (2P) EUR Year Proven and Probable (2P) EUR
2012 560 MMbbl 2012 15 MMbbl
2023 596 MM bbl 2023 58.9 MMbbl
12.18.2023
