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The Provincial Government extends congratulations to Hibernia and its partners, including the Hibernia Management and Development Company and its lead owner ExxonMobil Canada, on the 25th anniversary of first oil. The total royalties received to date by the province, including the Hibernia Southern Extension, are approximately $14.8 billion. As of September 30, 2022, the project was employing nearly 1,200 highly skilled professionals in a variety of professions, and it continues to support the economy through service contracts and sub-contract employment. Hibernia’s influence on the province extends past its economic contributions, including through research and development at Memorial, investment in the arts at the Newfoundland Symphony Orchestra and support for the province’s natural history at the Hibernia Interpretation Centre in Conception Bay South. Located 315 kilometres from St. John’s, Hibernia is an offshore production platform located at the Hibernia oil field, within the Jeanne d’Arc Basin. The platform was towed to the Hibernia oil field and positioned on the ocean floor in June 1997. It began producing oil on November 17, 1997, making it Newfoundland and Labrador’s first offshore production platform. As of August 2022, the project has produced more than 1.2 million barrels of oil from the field, with […]
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