ExxonMobil has produced first oil from the Hebron project offshore eastern Canada. At its peak the project will produce up to 150,000 B/D of oil, the company said. The platform is 200 miles off the coast of Newfoundland and Labrador in 300 ft of water. Discovered in 1980, Hebron is estimated to hold more than 700 million bbl of recoverable resources. The platform has living quarters, drilling and production facilities, and storage capacity for 1.2 million bbl of oil. ExxonMobil is the operator with a 35.5% interest in the project. Partners in the Hebron joint venture include Chevron (29.6%), Suncor Energy (21%), Statoil (9%), and Nalcor Energy (4.9%).
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