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December 3, 2021updated 27 Apr 2022 12:46pm

Hibernia Conventional Oil Field, Canada

By Carmen

Hibernia is a producing conventional oil field located in shallow water in Canada and is operated by Hibernia Management and Development. The field has water depth of 295 feet.

Field participation details

The field is owned by Chevron, Suncor Energy, Canada Hibernia Holding, Murphy Oil, Equinor and Exxon Mobil.


Production from Hibernia

The Hibernia conventional oil field recovered 75.22% of its total recoverable reserves, with peak production in 2004. The peak production was approximately 204.13 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2045. The field currently accounts for approximately 1% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 363.17 Mmboe, comprised of 363.17 Mmbbl of crude oil & condensate. Hibernia conventional oil field reserves accounts 0.08% of total remaining reserves of producing conventional oil fields globally.


About Hibernia Management and Development

Hibernia Management and Development Co Ltd (Hibernia Management) provides oil and gas services which owns and operates an offshore and onshore field. The company provides docking facilities for the support vessels, lay-down and marshaling areas on the waterfront. It also offers materials handling equipment, such as crane and forklift services, local transportation of materials to the site, and containers to transport goods to and from the platform. The company’s platform components include gravity base structure (GBS), topsides, and offshore loading system (OLS). Hibernia Management is headquartered in St. John’s, Newfoundland and Labrador, Canada.

Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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