News Releases 2022

C-NLOPB Announces Update of Reserve Estimate for the Hibernia Field

For Immediate Release
June 24, 2022

The staff of the Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) have updated the most likely Estimated Ultimate Recovery (EUR) for the Hibernia Field.

The Proven and Probable (2P) EUR for the Hibernia Field is now 1812 million barrels of oil, based on data acquired from drilling and production activities along with an updated, long-term drill schedule. The previous 2P EUR from 2014 was 1644 million barrels.

The Petroleum Resources Management System adopted by the C-NLOPB defines EUR as the quantities of petroleum estimated to be recoverable as of a given date plus the quantities that have been already produced.

Further information on estimated recoverable Reserves and Resources, including updated gas resource estimates, can be found here.

Media Contact
Lesley Rideout
Communications Lead
(709) 725-2900
lrideout@cnlopb.ca


News Releases 2022

DateUpdate
2022, Nov 2C-NLOPB Releases Results for 2022 Calls for Bids
2022, Sep 20C-NLOPB Announces 2022 Call for Nominations (Parcels) in the Jeanne d’Arc Region
2022, Sep 2Charges laid against Transocean Canada Drilling Services Ltd. in relation to the September 6, 2019 Injured Worker on the MODU Transocean Barents
2022, Jul 5Charges Laid Against Hibernia Management and Development Company Ltd. in Relation to the July 17, 2019 Spill from the Hibernia Platform
2022, Jun 24C-NLOPB Announces Update of Reserve Estimate for the Hibernia Field
2022, May 16C-NLOPB Identifies New Sector for Scheduled Land Tenure in the Eastern Newfoundland Region
2022, May 11C-NLOPB Announces 2022 Calls for Bids in the Eastern Newfoundland and South Eastern Newfoundland Regions
2022, Apr 26C-NLOPB Announces Update of Reserve Estimate for the North Amethyst Field
2022, Apr 8C-NLOPB Issues Administrative Monetary Penalty to Hibernia Management and Development Company Ltd. in Response to August 2019 Spill
2022, Apr 8C-NLOPB Rescinds Order Respecting Essential Employees
2022, Mar 28Bilingual Services now available at the C-NLOPB, including new French website
2022, Feb 14C-NLOPB Reflects on the 40th Anniversary of the Ocean Ranger Disaster
2022, Jan 14C-NLOPB Issues Call for Nominations for Areas of Interest (Eastern Newfoundland)