How much did Hibernia cost?
Hibernia was built at a cost of nearly $6 billion, and according to the provincial government, the value of the oil produced up to a year ago was more than $65 billion.
Is Hibernia still drilling?
(HMDC) halted drilling at Hibernia, resulting in layoffs. Its largest shareholder, Exxonmobil Canada, reports as of January 2021, the platform, which is located in the Jeanne d’Arc Basin, 315 km east of St John’s, is in steady-state production.
How many barrels of oil does Hibernia produce a day?
220,000 barrels
At peak production, Hibernia can produce 220,000 barrels of oil a day. The platform sits atop an enormous gravity base structure (GBS) that sits on the ocean floor. The GBS is specially designed to withstand the impact of sea ice and icebergs, and can hold 1.3 million barrels of crude oil in its 85-metre high caisson.
Who buys Hibernia oil?
ExxonMobil Canada
The Hibernia offshore oil field is owned jointly by ExxonMobil Canada (33.125%), Chevron Canada Resources (26.875%), Suncor (20%), Canada Hibernia Holding Corporation (8.5%; subsidiary of CDEV), Murphy Oil (6.5%) and StatoilHydro Canada Ltd (5%).
Is Hibernia hard to get into?
Hibernia is very difficult to find info on what is involved – it’s pretty much full time, online with some course days on Saturday’s – location varies but for post primary it was UCD. Re online content for the course – it’s not possible to get through it all.
Is Hibernia shut down?
(Reuters) – The Hibernia oil platform in Canada was shut after a discharge of drilling and production fluids, the Hibernia Management and Development Co (HMDC) said late on Monday. Hibernia sits roughly 315 km (200 miles) east of St. John’s, Newfoundland and Labrador.
How many people work at Hibernia?
The Topsides facilities accommodate drilling, producing and utility equipment on the Hibernia platform, and provide living quarters for the steady-state crew of approximately 185 people.
Where does Canada get most of its oil?
Canada’s Oil Imports Currently, more than half the oil used in Quebec and Atlantic Canada is imported from foreign sources including the U.S., Saudi Arabia, Russian Federation, United Kingdom, Azerbaijan, Nigeria and Ivory Coast. In 2019, Canada spent $18.9 billion to import foreign oil.
How big is the Hibernia oil field?
The GBS, which sits on the ocean floor, is 111 metres high and has storage capacity for 1.3 million barrels of crude oil in its 85-metre-high caisson. The GBS is specially designed to withstand the impact of sea ice and icebergs to allow for year-round production.
Why does Canada not use its own oil?
Most of Canada’s domestic oil production happens in the Western Canada Sedimentary Basin (WCSB). This is due to higher transportation costs, limited pipeline access to western Canadian domestic oil, and the inability of refineries to process WCSB heavy crude oil.
How long is the Hibernia course?
24 continuous months
The programme is 24 continuous months with a short break at Christmas and in summer. The programme is full-time, delivered through a blended learning model, and full attendance is required.