Exxonmobil Canada Properties News

The Hebron oil project off the coast of eastern Canada has produced its first oil, operator Exxon Mobil said on Tuesday, in a boost to Atlantic Canada's output after years of weak crude prices. At its peak Hebron will produce up to 150,000 barrels per day (bpd), Exxon said. It will help Atlantic Canada offshore production climb 44 percent to 307,000 bpd by 2024, according to estimates from the Canadian Association of Petroleum Producers. The platform is located 200 miles (350 kilometres) off the coast of Newfoundland and Labrador in depths of 300 feet (92 metres) and the oil field…

The continued maturation of Offshore Service Vessel design is embodied in recent contracts and deliveries. Ulstein Verft subsea newbuild Island Performer was built for Island Offshore to be a flexible, RLWI/IMR vessel, destined to serve its first five years for FTO in the Gulf of Mexico. “The vessel is customized to suit the scope of work in the FTO contract, in which RLWI (Riser-less Light Well Intervention) and IMR (Inspection/Maintenance/Repair) are the main tasks. She is able to perform operations at depths down to 3,000m,” said Håvard Ulstein, Managing Director, Island Offshore.

Atlantic Towing (USA) has selected newly-designed, ice-strengthened PSV 5000 vessels from Damen Shipyards Group to meet its 10-year offshore support contract with ExxonMobil Canada Properties and Hibernia Management and Development Company Ltd. (HMDC). The vessels will operate in the sub-arctic waters of the Hibernia and Hebron oil fields, off Newfoundland and Labrador. ATL will take delivery of four PSV 5000 vessels, one of which will be equipped for inspection, repair and maintenance duties.

Atlantic Towing Limited (ATL) announced today that it has secured a new 10-year firm contract, plus a total of 15 years of options at the Charterers’ discretion, with ExxonMobil Canada Properties and Hibernia Management and Development Company Ltd. (HMDC) for four new state-of-the art Platform Supply Vessels operating out of St John’s, NL. The first ships for the contract will be delivered in 2016 and will join Atlantic Towing’s current fleet of eight offshore support vessels in Atlantic Canada. The new contract means 100 new jobs at Atlantic Towing’s offshore fleet home port of St. John’s, NL. “ExxonMobil has been a valued customer…

ExxonMobil Canada Properties has released the option for Kvaerner's joint venture company Kiewit-Kvaerner Contractors to provide the full scope of engineering, procurement and construction (EPC) services for the Hebron Project gravity based structure (GBS). The contract value for Kvaerner's share of the full EPC contract is approximately $1.5 billion and includes work conducted to date on the Hebron project. The authorization to proceed with the full EPC contract follows the substantial completion of the Front End Engineering and Design (FEED) and site preparation contract awarded November 9…

Kvaerner Contractors to provide engineering, procurement & construction (EPC) services for the Hebron Project gravity based structure (GBS). ExxonMobil Canada Properties has released the option for Kvaerner's joint venture company Kiewit-Kvaerner Contractors to provide the full scope of engineering, procurement and construction (EPC) services for the Hebron Project gravity based structure (GBS). The contract value for Kvaerner's share of the full EPC contract is approximately USD 1.5 billion and includes work conducted to date on the Hebron project.

The Hebron field development offshore Newfoundland and Labrador was sanctioned by operator ExxonMobil and its co-venturers. Located approximately 350 km offshore Newfoundland, the Hebron platform will be a concrete Gravity Based Structure (GBS) in 95 meters water depth. The Hebron field is estimated to produce more than 700 million barrels of oil. The platform is being designed for an oil production rate of 150,000 barrels of oil per day. For Statoil, which holds a 9.7% share in Hebron, this is a significant component in the growth of the company’s Canada East Coast operations.

Kværner ASA authorised for further work on Hebron Project in Newfoundland & Labrador Kiewit-Kvaerner Contractors, the 50/50 joint venture between Peter Kiewit Infrastructure and Kvaerner, has been authorised by ExxonMobil Canada Properties (EMCP) to proceed with work on the Hebron Project gravity based structure (GBS) project in Newfoundland and Labrador, Canada.   The authorisation follows substantial completion of front end engineering and design services and awards the next phase, which includes detailed engineering, procurement and construction (EPC) related services. Kvaerner estimates its share of this work to be approximately USD 125-150 million.

Kiewit-Aker Contractors, a 50/50 joint venture between Peter Kiewit Infrastructure and Aker Solutions, has been awarded a contract by ExxonMobil Canada Properties (EMCP) for the Hebron Project gravity based structure (GBS). The contract is for Front End Engineering and Design (FEED) and site preparation, with the option at ExxonMobil's discretion to subsequently provide detailed engineering, procurement and construction (EPC) services. The contract value for Aker Solutions' share of the FEED and site preparation is $70m. The Hebron Field is an oil and gas development in the Atlantic Ocean located 350 kilometres offshore from St. John's, in Newfoundland and Labrador, Canada.