Kiewit-Kvaerner Contractors joint venture, has been authorized by ExxonMobilCanada Properties (EMCP) to proceed with work on the Hebron Project gravity based structure (GBS) project offshore Newfoundland and Labrador, Canada.
The authorization comes after the substantial completion of front end engineering and design services and awards the next phase, which includes detailed engineering, procurement and construction (EPC) related services. Kvaerner estimates its share of this work to be approximately USD 125-150 million.
Hebron is a heavy oil field estimated to have 400 – 700 million barrels of recoverable resources. The field was first discovered in 1981, and is located offshore Newfoundland and Labrador in the Jeanne d’Arc Basin 350 kilometres southeast of St. John’s, the capital of Newfoundland and Labrador. It is approximately 9 kilometres north of the Terra Nova project, 32 kilometres southeast of the Hibernia project, and 46 kilometres from the White Rose project. The water depth…
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