Receive our newsletter – data, insights and analysis delivered to you
  1. Market Data
December 8, 2021

Hibernia Southern Extension Conventional Oil Field, Canada

By Carmen

Hibernia Southern Extension is a producing conventional oil field located in shallow water in Canada and is operated by Hibernia Management and Development.

Field participation details

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


Production from Hibernia Southern Extension

The Hibernia Southern Extension conventional oil field recovered 15.72% 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 2094. The field currently accounts for approximately 1% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 518.4 Mmboe, comprised of 518.4 Mmbbl of crude oil & condensate. Hibernia Southern Extension conventional oil field reserves accounts 0.11% 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.

Content from our partners
Green investment: What gives Scotland multiple advantages
How the North of Tyne region is leveraging its legacy to define its future
Q&A with Chevron Lubricants’ Paul Sly, global industrial OEM specialist, and Nathan Knotts, global brand technical manager

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU