hibernia oil rig location

Exxon estimated around 14 barrels of oil leaked. "There's a lot of people who will suffer for this and a lot of communities that will die." — Newfoundland and Labrador is giving $38 million to the Hibernia offshore oil project in a bid to protect 148 jobs over 18 months. Hundreds of layoffs from the project were announced this spring and drilling work on the rig was suspended. Newfoundland's Hibernia offshore oil project gets $38 million in federal aid, N.L. Megaproject misadventures aside, there is a growing recognition among Newfoundlanders that no single development, however grandiose, is going to wash away their economic woes. But even here, the old Newfoundland skepticism creeps in. Search 123 Offshore jobs now available in Newfoundland and Labrador on Indeed.com, the world's largest job site. Even then, it required a number of government concessions. Bergman, Brian. "We will continually work for the benefit of our province, of our oil and gas industry and of our people to help get our economy back on its feet and our residents back to work," Furey told reporters. Earlier this month, the province announced Husky Energy would receive $41.5 million to extend the life of its White Rose oilfield, located about 350 kilometres off the coast of St. John's. Following the initial discovery, eight wells were drilled to define the structure of the field. Memories of past disappointments are simply too fresh. This report by The Canadian Press was first published Dec. 23, 2020. "People tend to be a little apprehensive at times and wonder if it's all real," allows Osbourne. Rowe, whose company has several international offices, says that distance from markets is not an obstacle in the high-tech sector. "Oh, I wouldn't even use that word," replies Gibbons. Learn More . It has not been spared from the downturn in the local industry. The Hibernia field was discovered in 1979 by the drilling of the Chevron et al Hibernia P-15 well. If you're interested in submitting a Letter to the Editor, click here. Edwards said he is not aware of any impending layoffs from the Hibernia project. "But just trying to make people believe that is a challenge. The platform, located 315 kilometers east southeast of St. John’s, is operated by ExxonMobil-led HMDC consortium. Future Hibernia Offshore Oil Rig Further development More employment More exporting How? It has not been spared from the downturn in the local industry. John Cabot could never have imagined anything like this. In a similar vein, Wade Locke, an economist at Memorial University in St. John's, ticks off several reasons why there should be better days ahead for Newfoundland, but then quickly adds: "We can always do things to screw it up. … Canada's first offshore platform. ST. JOHN'S, N.L. Canada's first offshore platform. Our Team; News; Contact Us; Exploration, Production & Growth. Oil production. No need to register, buy now! Hibernia was the name given by Mobil Oil Canada to a large structural prospect located on its exploration acreage on the Grand Banks of Newfoundland & Labrador. The Hibernia oil project off the coast of Newfoundland is getting $38 million to boost job numbers and restart drilling. House points to the example of Derrick Rowe, a young St. John's native who has built Stratos Global Corp. over the past decade into a leading provider of satellite communications. Legend: Buoy . Top Rated Seller Top Rated Seller +C $1.75 shipping. Hundreds of layoffs from the project were announced this spring and drilling work on the rig was … And so when the province's energy minister, Rex Gibbons, is asked in an interview if the rapid succession of Hibernia, Terra Nova, Whiterose and Voisey's Bay represent a new "mainstay" for the Newfoundland economy, he responds as if he has been urged to utter an obscenity. In February of 1982, the rig was on hire to Mobil and was drilling the J-34 well in the Hibernia Field, about 166 miles east of Newfoundland. Newfoundlanders have learned to take little for granted. C $10.00. Hibernia is located in the Jeanne d’Arc Basin, 315km east of St John’s, Newfoundland and Labrador, Canada, in a water depth of 80m. Tom Best, a fisherman from Petty Harbour near St. John's, says that not nearly enough is being done to prepare for when the cod fishery reopens on a limited basis. When the Anglo-Italian explorer arrived at the Grand Banks in 1497, the schools of codfish were so thick, they literally stopped his ships in the water. And no amount of bullishness about oil and gas and nickel is likely to still those voices soon. The recent flurry of resource activity is even fuelling the sentiment that maybe - just maybe - the perpetual hard-luck province is about to get a break. Error! ST. JOHN'S, N.L. Time left 6d 21h left. Newfoundland and Labrador is giving $38 million to the Hibernia offshore oil project in a bid to protect 148 jobs over 18 months. "The main thing," says House, "is to get out the message that there's a lot more to Newfoundland than fog and cod and abused kids at Mount Cashel.". A Significant Discovery Area for the Terra Nova field was officially declared on October 2, 1985. - Newfoundland and Labrador is giving $38 million to the Hibernia offshore oil project in a bid to protect 148 jobs over 18 months. House adds that, as welcome as they are, the 800 permanent jobs that Hibernia produces or the 1,400 promised by Voisey's Bay, are "a drop in the bucket compared with what is needed." 6 Figure 2.3. Premier Andrew Furey said Wednesday the money will create 300,000 hours of work on the offshore oil project. The province sank millions into the poorly conceived project before it suddenly went bankrupt and closed (the refinery eventually reopened under new managers in 1987). There was an error processing your request. Map of Offshore Oil Rigs in the Gulf of Mexico. "We were no longer looked upon as so amusing any more.". You have permission to edit this article. We're always interested in hearing about news in our community. "We have to look at our renewable resources, rather than the ones that get extracted for the benefit of a small group of people for a short period of time," he says. It has not been spared from the downturn in the local industry. It has not been spared from the downturn in the local industry. Hibernia oil project gets $38M from Ottawa, Kelowna family connection to Biden-Harris White House, Kelowna grocers unpack 21 kg of cocaine in banana boxes, 'W5' airs report Saturday on mysterious drowning of Kelowna woman, Pricey picnic shelter 'perfect example' of poor governance, Suspension of licence renewal requirements for drivers 80 and older raises concerns, Kelowna city hall leaves taxpayers on the hook, January's warmest day almost June-like in Kelowna, Matchmaker pairs Indigenous talent with businesses, Kelowna's second-largest city park offered by McKinley builder. And it simply makes economic sense, he adds, to keep his head office near St. John's, where property prices are low, wages are competitive and the university provides a steady stream of bright graduates. On the other, there seems to be a dire pessimism and cynicism that we're not going to get anything like our just rewards." — Newfoundland and Labrador is giving $38 million to the Hibernia offshore oil project in a bid to protect 148 jobs over 18 months. By the time the greenhouse went into receivership, taxpayers had lost more than $20 million. Unless the province can wean itself from its historical dependence on natural resources and federal transfers, the argument goes, it is destined to fail. "You can have all the staff and talent you like, but it's no good unless you have the opportunity," says Bishop. Newfoundland still relies on $1 billion a year in equalization payments from Ottawa. These days, Newfoundland politicians know better than to raise expectations too high. It was bedevilled by production problems, including a lighting system designed to compensate for the cloudy weather that instead caused cucumbers to grow out of control, crushing tables and snapping support cables. Oct 26, 2012 - Hibernia Offshore Platform. — Newfoundland and Labrador is giving $38 million to the Hibernia offshore oil project in a bid to protect 148 jobs over 18 months. Hibernia Resources III, LLC is an acquisition and development company focused on the exploration, growth and production of oil and natural gas assets. Signing up enhances your TCE experience with the ability to save items to your personal reading list, and access the interactive map. The choice of a gravity base, rather than a much cheaper floating platform, had long been controversial. "On the one hand, people say, 'Oh, finally, we're going to arrive economically.' Hibernia was Newfoundland and Labrador first offshore oil installation and sits just over 300 kilometres off the coast of St. John's. Chris Christie is considering running for U.S. president in 2024 against Trump © CBC The Hibernia oil platform has been drilling oil in Newfoundland and Labrador's offshore since 1997. Newfoundland and Labrador's provincial flag flies on a flagpole in Ottawa, Monday July 6, 2020. "There's a growing bubble of confidence," says Newfoundland Premier Brian Tobin, "that this time we're going to seize the moment. And as with Cabot's voyage half a millennium ago, others are set to follow. Acquire & Exploit. Ice Edge Ice edge estimated from Newfoundland near 5135N 5530W to … When the structure was drilled in 1979 … The $5.8-billion Hibernia offshore oil platform - one of the biggest and most expensive production rigs in the world - is scheduled to arrive in the Jeanne d'Arc Basin near the Grand Banks in early June. Figure 2: Hibernia Oil Field/Ocean Ranger location. ST. JOHN'S, N.L. There was opposition to having been kicked in the arse by Wells and turning around and putting billions into Hibernia." Hibernia was Newfoundland and Labrador first offshore oil installation and sits just over 300 kilometres off the coast of St. John's. In Newfoundland and Labrador, EMC is the operator of the Hebron Project and the lead owner in the Hibernia Project. Its vast size towered at a height of 103m, a length of121m and a width of 80m. Residents are now pinning hopes for new jobs on two imminent developments - the $250-million facility for shipping Hibernia crude that is to be built five kilometres north of Arnold's Cove, and the $1.5-billion Voisey's Bay nickel smelter and refinery slated for Argentia, 60 km south of the town. "The feeling was that the cute little Newfoundlanders had gotten enough," says Crosbie. 1990 Hibernia Oil Rig Location Hibernia Oil Rig , Newfoundland Where the Hibernia field was located: The Hibernia field was located in an inhospitable environment consisting of rogue waves, fog, icebergs and sea ice, hurricanes, and nor'easter winter storms. oil-exploration-offshore-rig-Newfoundland-Chevron-Husky-Energy-Enegi-Hibernia-Hebron-White-Rose-Field-EDIWeekly. Asia Destinations. The platform was in the Atlantic over 260 kilometers from St John’s drilling exploratory wells in the Hibernia oil field for Mobil Oil. ", Instead, the buzzword in St. John's is one that has been heard for at least a decade now: diversification. Politicians, says Best, are focusing far too much on resource megaprojects, at the expense of the industry that helped create Newfoundland. Crosbie also became embroiled in the next setback to hit Hibernia - Gulf's decision, in February, 1992, to withdraw its 25-per-cent stake in the project. Newfoundland had pushed for the gravity base, partly for safety reasons, but also because of the number of construction jobs it would create. But those fiascoes pale beside the enduring bitterness over the 1969 agreement that allowed Hydro Quebec to buy power generated from Churchill Falls, Labrador, with no price increase for 65 years. A Significant Discovery Area for the Hibernia field was officially declared on October 2, 1985. Jerry Bishop, president of BFL Consultants Ltd. of St. John's, says that without Hibernia, his engineering firm would still have a staff of perhaps 20 people scrambling to compete on the few major capital projects that come along. Newfoundland and Labrador is giving $38 million to the Hibernia offshore oil project in a bid to protect 148 jobs over 18 months. 6 Figure 2.4. The Hibernia oil project off the coast of Newfoundland is getting $38 million to boost job numbers and restart drilling. JOHN'S, N.L. Among other things, the commission encouraged opinion leaders to promote the province as a good place to invest. The field was first discovered in 1980, and is located offshore Newfoundland and Labrador (NL) in the Jeanne d'Arc Basin. — Newfoundland and Labrador is giving $38 million to the Hibernia offshore oil project in a bid to protect 148 jobs over 18 months. ST. JOHN'S, N.L. The Subsea Oil and Gas Directory is much more than only a list of offshore and upstream focused businesses and companies. It was a wonder of the age: fishermen flocked to the Grand Banks, and England laid claim to the "New Found Land" beyond them. Search 77 Offshore Position jobs now available in Newfoundland and Labrador on Indeed.com, the world's largest job site. In. "If we keep our smart people working here, we'll be rewarded," says Rowe. Thanks for contributing to The Canadian Encyclopedia. ST. JOHN'S, N.L. The Ocean Ranger was drilling the Hibernia J-34 well on February 14, 1982 [5] PT-13 Dodd P.3 2 THE OCEAN RANGER DISASTER 2.1 Design The Ocean Ranger was the largest semi submersible drilling rig of its kind in 1976. Similar warnings have been sounded for generations in Newfoundland. Only a few months earlier, Ottawa had kicked in $1.5 billion for fishermen affected by the cod moratorium. At this time in 2020, 203 rigs (120 oil and 83 gas) were operating in Canada, the firm added. Those will add significantly to the 615 million barrels of oil that Hibernia is expected to pump out over its 20-year lifespan. Pre-Owned. Conglomerate president Stephen Edwards said Wednesday the money will help the company increase production and upgrade infrastructure that could lead to ten more years of drilling. ST. JOHN'S, N.L. GPS antenna location “RIG1”. "There seems to be a very ambivalent attitude," says Bill Rowe, a onetime provincial cabinet minister and host of the province's most popular open-line radio show. JOHN'S, N.L. When the Anglo-Italian explorer arrived at the Grand Banks in 1497, the schools of codfish were so thick, they literally stopped his ships in the water. "The economics of this project have been sound for a number of years," says Duncan Mathieson, an oil and gas analyst at Gordon Capital in Toronto. This week, weather permitting, the project will mark a crucial turning point, as the two major components of the platform perform a delicate mid-water mating ritual - the culmination of a six-year-long construction marathon. The Hibernia oil project off the coast of Newfoundland is getting $38 million to … At the same time, what seems destined to become the world's largest nickel-mining operation should be under way at Voisey's Bay, Labrador, providing at least 1,400 jobs and new royalty wealth to the province. Toggle navigation Hibernia Resources. Newfoundland agreed to reduce its royalty take in exchange for new jobs. New Oakley OIL RIG 24-056 Sunglasses Gloss Blk Ghost Text w/Black Iridium Lens. The Terra Nova field was discovered in 1984 by the drilling and testing of the Petro-Canada et al Terra Nova K-08 well. The company's financial reports indicate staff numbers fell from 1,479 to 840 between the first and third quarters of 2020. In Nova Scotia, ExxonMobil is the operator of the Sable Offshore Energy Project. THE CANADIAN PRESS/Adrian Wyld. Trapped for 2 weeks, 11 workers rescued from China gold mine, Screenwriter Walter Bernstein dies at 101, From presidents to faded stars, all welcomed by Larry King, Oprah Winfrey, Bill Clinton praise and mourn Larry King. Premier Andrew Furey said Wednesday the money will create 300,000 hours of work on the offshore oil project. Certainly, Newfoundlanders had to wait long enough for Hibernia - all the while wondering, as the project lurched from crisis to crisis, if it would ever come to pass. Among Hibernia's owners are ExxonMobil Canada, Chevron Canada Resources and Suncor. GPS antenna location “RIG3”. The latest U.S. figure reflects a two-unit increase in oil rigs (to 289) and a three-unit increase in gas rigs (to 88), Baker Hughes stated. 0 bids. "There's more positives happening in the province than there has been for quite some time." The field consists principally of two early Cretaceous reservoirs, Hibernia and Avalon, located at average depths of 3,700m and 2,400m respectively. Home | Feedback | Site Map | Search | Quick Find Picklist | Contact | Feedback | Site Map | Search | Quick Find Picklist | Contact ST. JOHN’S, N.L. In the 1970s, there was the Come By Chance oil refinery, the brainchild of New York City promoter John Shaheen. Oct 26, 2012 - Hibernia Offshore Platform. Now, as Newfoundlanders mark the 500th anniversary of Cabot's voyage, the cod are mostly gone, and a vessel of quite a different ilk is headed for the same waters - this time in pursuit of oil riches trapped in rock formations more than 3,700 m below the sea. Instead, he says, BFL now employs 60 people and is using the expertise gained through Hibernia to compete for work at Voisey's Bay and Nova Scotia's Sable Island gas project. — Newfoundland and Labrador is giving $38 million to the Hibernia offshore oil project in a bid to protect 148 jobs over 18 months. Douglas House, a sociologist at Memorial University, recently ended a six-year stint as head of the Economic Recovery Commission, a body set up to study ways of diversifying the economy. ", Similar optimism can be found in Arnold's Cove, a fishing community of about 1,500 located 10 km west of Hibernia's Bull Arm construction site. An email has been sent to with a link to confirm list signup. Inhospitable Engineers being heroes: helping bring much-needed water to some of the 1.8 billion people who desperately need it. The Hebron oil field is located offshore Newfoundland and Labrador, Canada in the Jeanne d'Arc Basin 340 kilometres southeast of St. John's. The next day, 75 people were laid off from the work site. Events quickly conspired to give Quebec a multibillion-dollar windfall while Newfoundland made do with ever-dwindling profits. ", But not everyone is qualified to work in the high-tech field - or, for that matter, for one of the major resource companies. "This is just the development of another sector. The Hibernia Gravity Base Structure is an offshore oil platform on the Hibernia oilfield southeast of St. John's, Newfoundland, Canada. Crosbie eventually prevailed, but the government delayed the legislation enshrining the Hibernia agreement for several months to give Quebec MPs time to cool off. Sign up now! Explore. Most important auto tech of all: safety. Travel. Find the perfect hibernia oil stock photo. Hibernia Resources III, LLC. "Four years into a moratorium," he warns, "there's been no serious discussions about how we are going to fish in the future and who is going to get priority.". -The well reaches the desired location. It has an interest in the Suncor-operated Terra Nova Project along with numerous exploration licenses offshore Newfoundland and Labrador. Hibernia was Newfoundland and Labrador first offshore oil installation and sits just over 300 kilometres off the coast of St. John's. After generations of watching their fortunes rise and fall with the price fetched for fish, trees, minerals and hydro power, they are innately wary of anything that boasts of being the next big play. Location of deepwater Horizon oil spill of 2010. 5.0 out of 5 stars. Update your shipping location 7 ... New Listing Hibernia Oil Rig Project Patch,Oil Gas Newfoundland Canada. Premier Andrew Furey said Wednesday the money will create 300,000 hours of work on the offshore oil project. Much more must be done, he says, to build on the success Newfoundland has already enjoyed in emerging fields such as marine technology, aquaculture and telecommunications. ", When former Newfoundland premier Joey Smallwood began touting the Churchill Falls project in the 1950s he described it as "a grand imperial concept." Locations of GPS sites RIG1, RIG2, and RIG3 on the Hibernia Oil Platform (after Hibernia [1997]). 4 Figure 2.2. 7 Figure 2.6. ST. JOHN'S, N.L. Huge collection, amazing choice, 100+ million high quality, affordable RF and RM images. The water depth at the Hebron field is 93 metres (Mean Sea Level). Hibernia rig, offshore Newfoundland ST. JOHN’S, N.L. Receive daily headlines on local news, sports, entertainment, and more right to your inbox. Photo Gallery . "People are generally upbeat," says Arnold's Cove Mayor Tom Osbourne. Let us know what's going on! The prospect, a buried anticline, was identified on the western margin of the Jeanne d'Arc Basin by company geophysicists through study of marine seismic data collected in the late 1960's and the 1970's. Land Station . Between 1979 and 1984, Mobil, as operator for the participants, drilled nine additional wells to delineate the field. For all its past woes, most financial analysts now conclude that Hibernia will turn a tidy profit for its owners. Select a location below: Zoom-in to make a selection. Hebron is an offshore oil field estimated to contain more than 700 million barrels of recoverable resources. Yet for all of that, there is little doubt that the recent resource activity is chipping away at the gloom. By this point, says Crosbie, Canadians were tiring of bailing out Newfoundland. - Newfoundland and Labrador is giving $38 million to the Hibernia offshore oil project in a bid to protect 148 jobs over 18 months. Unofficially, it is much higher, as the 1992 moratorium on the northern cod fishery - which instantly threw more than 30,000 fishermen and fish-plant workers out of jobs - continues to cast a pall over the 600 communities that dot the coastline. By contrast, Petro-Canada will use a $2-billion floating platform to drill for the 400 million barrels of oil in the Terra Nova field. Hibernia was Newfoundland and Labrador first offshore oil installation and sits just over 300 kilometres off the coast of St. John's. Production Engineering and Financial Analysis . Is the Trudeau government doing enough to protect seniors? He did not directly answer questions about whether the money would lead to a resumption of drilling that had been suspended last spring. 7 Figure 2.5. Success! The rhetoric cooled after discussions last month between Tobin and Quebec Premier Lucien Bouchard during the Team Canada trade mission to Asia. In a recent interview in his St. John's law office, Crosbie recalled how the 1990 Hibernia deal was doubly controversial because of its timing. Drilling rigs information. - Newfoundland and Labrador is giving $38 million to the Hibernia offshore oil project in a bid to protect 148 jobs over 18 months. Ice Conditions Ice Forecasts Southeastern Grand Banks Issued 10:00 AM EST 14 January 2021 Today Tonight and Friday . BULL ARM Bull Arm, Trinity Bay, NL is one of the main construction sites for the Hebron Project. A conglomerate of those companies, called the Hibernia Management and Development Company, manages and operates the project. Oil production has resumed at the Hibernia offshore platform in Canada following a shutdown after the leakage of drilling and production fluids discovered on Sunday, July 19.. The firm added the miscellaneous rig … John Cabot could never have imagined anything like this. GPS antenna location “RIG2”. "Hibernia Rig Prepares to Drill". And the former Conservative government in Ottawa coughed up $1 billion in grants and another $1.7 billion in loan guarantees - a move that, to this day, leads critics to charge that the project was little more than a sop to the oil companies and a blatant attempt to buy votes in Atlantic Canada. Location of the Hibernia Oil Platform in Bull Arm, Newfoundland (after Energy, Mines and Resources Canada [1981]). Premier Andrew Furey said Wednesday the money will create 300,000 hours of work on the offshore oil project. Officially, the province's unemployment rate stands at 20 per cent - the highest in the nation. That's always a possibility.". ST. JOHN'S, N.L. Sorry, there are no recent results for popular images. For one thing, Hibernia has already injected an estimated $2.2 billion in direct investment into the province, provided up to 5,000 construction jobs and given a number of Newfoundland engineering and high-tech firms a shot of hope. Premier Andrew Furey said … ", This being Newfoundland, however, there is also a lurking suspicion that something or someone will come along to burst that bubble. Pros and Cons - Financial Pros and Cons Where the Energy is found in Canada Employment Other designed by Péter THE CANADIAN PRESS/Adrian Wyld. Hebron is a heavy oil field located 350km south-east of the Newfoundland and Labrador capital St John’s, in the Jeanne d’Arc Basin, Canada, in a water depth of 93m. "But of course we know that it is; it's just a matter of waiting for things to happen.". Ten years ago this week, oil gushed out of the Hibernia offshore oilfield for the first time, igniting an orange flare and triggering a dramatic economic turnaround for Newfoundland and Labrador. Some even predict that Canadian taxpayers will see a return on their hefty investment. The company's financial reports indicate staff numbers fell from 1,479 to 840 between the first and third quarters of 2020. It also contains a massive amount of information on offshore rigs and oil and gas exploration companies. Key to securing the financing was John Crosbie, then the senior Newfoundland member of the federal cabinet. The setbacks for Hibernia were not over yet. Much of the blame lay with unforeseen complications in constructing Hibernia's massive gravity-base structure, which is to anchor the platform to the ocean floor. – Newfoundland and Labrador Premier Andrew Furey says the $38 million his government is giving the Hibernia offshore oil project will protect about 148 jobs over 18 months. Newfoundland and Labrador's provincial flag flies on a flagpole in Ottawa, Monday July 6, 2020. And among those in Newfoundland's oldest industry - the fishery - there are concerns that the times are passing them by. Production has stopped aboard the Hibernia oil platform off the coast of St. John's after an estimated 75 barrels, or 12,000 litres, of oil spilled from a storage cell into the water. - Wells are drilled from a platform. It is the province’s fourth offshore development, after Hibernia, Terra Nova and White Rose, and … The $5.8-billion Hibernia offshore oil platform - one of the biggest and most expensive production rigs in the world - is scheduled to arrive in the Jeanne d'Arc Basin near the Grand Banks in early June. Former Newfoundland premier Clyde Wells had just played a critical role in killing the Meech Lake accord, said Crosbie, and "many of our members, especially from Quebec, were completely pissed off. * NOTE: not all live weather reports for Hibernia 109, Newfoundland update at the same frequency which is why some locations can show data from stations that are more remote if the report is more recent than known closer ones. Last fall, Tobin launched a cross-Canada public relations offensive aimed at shaming Quebec into reopening the deal. "If we don't, we'll pay the consequences. Premier Andrew Furey said Wednesday the money will create 300,000 hours of work on the offshore oil project. The money comes from a pot of $320 million offered by the federal government in September to bolster the province's floundering offshore oil industry, which has been hit hard by crashing global prices and the COVID-19 pandemic. - Newfoundland and Labrador is giving $38 million to the Hibernia offshore oil project in a bid to protect 148 jobs over 18 months. In the spring of 1994, the partners acknowledged that the megaproject was $1 billion over budget and one year behind schedule. Is the government vaccination plan robust enough for you and your family ? Our team will be reviewing your submission and get back to you with any further questions. But tumbling oil prices in the 1980s and the high costs of extracting the offshore crude meant that it took another 11 years of haggling before four oil giants - Mobil Oil Canada Ltd., Chevron, Petro-Canada and Gulf Canada Resources Ltd. - cobbled together an agreement to exploit the reserve. A press release issued by the province following the announcement said the conglomerate had submitted a proposal for another $28 million from the $320-million fund. In, Bergman, Brian, "Hibernia Rig Prepares to Drill". Travel Destinations. Premier Andrew Furey said Wednesday the money will create 300,000 hours of work on the offshore oil project. And as other federal transfer payments are reduced, the provincial government finds itself increasingly hard-pressed to provide basics such as health care, education and road maintenance. — Newfoundland and Labrador is giving $38 million to the Hibernia offshore oil project in a bid to protect 148 jobs over 18 months. Production is shut down at the 220,000-barrel-per-day Hibernia oil platform off the coast of eastern Canada, Hibernia’s largest shareholder ExxonMobil Corp said on Monday, after a temporary power cut led to oil and water leaking into the ocean. Finally, we 're always interested in submitting a Letter to the island key to securing the was... Interactive map rather than a much cheaper floating platform, had long been controversial project... Just over 300 kilometres off the coast of St. John ’ s safest according! This and a lot of people who will suffer for this and a lot of communities that will die ''... Do n't, we 'll pay the consequences is operated by ExxonMobil-led consortium! Receive daily headlines on local news, sports, entertainment, and more right to your inbox edwards said is. Senior Newfoundland member of the Hibernia offshore oil installation and sits just over 300 kilometres off the coast Newfoundland... 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