The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) has updated its most likely reserve estimate for the Hibernia field in the North Atlantic Ocean.
Offshore staff
ST. JOHN’S, Newfoundland– The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) has updated its most likely reserve estimate for the Hibernia field in the North Atlantic Ocean.
Last updated in 2006 at 1,244 MMbbl of oil, the reserve for the entire Hibernia field is now estimated by the C-NLOPB to be 1,395 MMbbl of oil, an increase of 151 million barrels. The field is located approximately 315 km (196 mi) east-southeast of St. John’s, Newfoundland, Canada.
As of August 31, 2010, a total of 704 million barrels of oil had been produced at the Hibernia field. Additional information from field production and simulation studies are expected to contribute to a better understanding of the field and expected recovery factors.
Reserve estimates in the Hibernia Southern Extension unit are included in the new estimates and remain unchanged, since first released in 2006 at 167 MMbbl of oil.
