News Releases 2010

C-NLOPB Announces New Reserve Estimate for the Hibernia Field

For Immediate Release
October 29, 2010

The Canada-Newfoundland and Labrador Offshore Petroleum Board
(C-NLOPB) has updated its most likely reserve estimate today for the Hibernia Field. Last updated in 2006 at 1244 million barrels of oil, the reserve for the entire Hibernia Field is now estimated by the C-NLOPB to be 1395 million barrels of oil, an increase of 151 million barrels. 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 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 million barrels of oil.

Media Contact:
Sean Kelly M.A., APR, FCPRS
Manager of Public Relations
(709) 778-1418
(709) 689-0713 (cell)
skelly@cnlopb.nl.ca

News Releases 2010

DateUpdate
2010, Dec 13Implementation Strategy for the Offshore Helicopter Safety Inquiry Phase I Report Recommendations
2010, Dec 9MEDIA ADVISORY
2010, Dec 2C-NLOPB Releases Results for 2010 Calls for Bids NL10-02 and NL10-03
2010, Nov 25H2S Levels on SeaRose FPSO
2010, Nov 19C-NLOPB Releases Results for 2010 Call for Bids NL10-01
2010, Nov 17C-NLOPB Releases Offshore Helicopter Safety Inquiry Report, Phase I
2010, Nov 1C-NLOPB to Release Inquiry Report upon Receipt
2010, Oct 29C-NLOPB Announces New Reserve Estimate for the Hibernia Field
2010, Oct 12Hibernia Amendment Application Approved
2010, Oct 7C-NLOPB Amends Terms of Reference for Offshore Helicopter Safety Inquiry to Clarify the Scope of Phase II of the Inquiry
2010, Oct 4C-NLOPB Approves Corridor Resources Geohazard Survey Program
2010, Sep 9International Regulators’ Forum Global Offshore Safety
2010, Sep 82010 Call for Nominations
2010, Aug 30C-NLOPB Releases 2009-10 Annual Report
2010, Aug 2White Rose Development Plan Amendment, West White Rose Pilot Scheme Approved
2010, Jul 22C-NLOPB Makes Operator Oil Spill Response Plans Available
2010, Jul 6C-NLOPB Announces Calls for Bids (Flemish Pass/Central Ridge)
2010, Jun 16Draft Comprehensive Study Report for the Hebron Development Project
2010, May 20C-NLOPB Announces Special Oversight Measures for Orphan Basin Drilling Program
2010, Apr 30Opportunity for Public Comment Hibernia Development Plan Amendment Application (Hibernia Southern Extension)
2010, Apr 30Opportunity for Public Comment Hibernia Development Plan Amendment Application (Hibernia Southern Extension)
2010, Apr 30Preface: Opportunity for Public Comment Hibernia Development Plan Amendment Application (Hibernia Southern Extension)
2010, Apr 30Hibernia Development Plan Amendment Application (Hibernia South Extension) Comments
2010, Apr 20C-NLOPB Announces 2010 Call for Bids
2010, Apr 12Status of Improved Operators’ First Response Search and Rescue
2010, Feb 22Strategic Environmental Assessment Completed for Southern Newfoundland Offshore Area
2010, Feb 12C-NLOPB Advises Operators of Changes to Search and Rescue Practices
2010, Feb 11Commission of Inquiry Terms of Reference Extended

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