Hibernia Southern Extension 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 Canada Hibernia Holding, Equinor, Nalcor Energy, Murphy Oil, Exxon Mobil, Suncor Energy and Chevron.
Production from Hibernia Southern Extension
The Hibernia Southern Extension conventional oil field recovered 25.84% of its total recoverable reserves, with peak production in 2017. The peak production was approximately 73.79 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2058.
Remaining recoverable reserves
The field is expected to recover 314.11 Mmboe, comprised of 314.11 Mmbbl of crude oil & condensate. Hibernia Southern Extension conventional oil field reserves accounts 0.07% 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.