News Releases 2014

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

For Immediate Release
December 16, 2014

The Canada-Newfoundland and Labrador Offshore Petroleum Board
(C-NLOPB) has updated its most likely reserve estimate for the Hibernia Field as is the practice when significant new information and data is received about a reservoir. Last updated in 2010 at 1395 million barrels of oil, the reserves for the entire Hibernia Field are now estimated by the C-NLOPB to be 1644 million barrels of oil.

The following factors have contributed to the change in oil reserve estimates for the Hibernia Field:

  • The Hibernia Reservoir, which includes the Hibernia Southern Extension (HSE), has increased reserve estimates based on production and drilling activities.
  • The Ben Nevis-Avalon (BNA) Reservoir has increased reserve estimates due to scheduled drilling activities, new geological and reservoir data, as well as the addition of reserves from the Unit BNA area in the southern part of the BNA reservoir.
  • The Catalina Reservoir, which began pilot production in 2013, was not included in the 2010 reserve assessment. Thus as a result of this production, there was a further increase in reserves for the Hibernia Field.

This deterministic reserve update represents the C-NLOPB’s current view as to the hydrocarbons that can be expected to be ultimately recovered from the entire Hibernia Field. These estimates will be reviewed again once additional development wells are drilled.

Reserve estimates and further information can be found here.

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


News Releases 2014

DateUpdate
2014, Dec 16C-NLOPB Announces Update of Reserve Estimate for the Hibernia Field
2014, Dec 12C-NLOPB Releases Results for Calls for Bids NL13-01, NL13-02 and NL14-01
2014, Nov 14C-NLOPB announces results of Call for Bids NL13-03
2014, Nov 13Offshore safety conference draws international experts to Newfoundland and Labrador
2014, Sep 30C-NLOPB Statement on the Dedication of the Offshore Helicopter Accident Memorial
2014, Sep 29White Rose Extension Project Public Review Report Released
2014, Aug 21C-NLOPB issues Calls for Nominations for Offshore Lands
2014, Aug 5Eastern Newfoundland Strategic Environmental Assessment now available
2014, Aug 5NOTICE TO POTENTIAL BIDDERS CALL FOR BIDS NL13-01 (Area “C” – Flemish Pass) CALL FOR BIDS NL13-02 (Area “C” – Carson Basin) CALL FOR BIDS NL14-01 (Jeanne d’Arc Region)
2014, Jun 12Harris Centre to Conduct Public Review of White Rose Extension Development Plan Amendment
2014, Jun 11C-NLOPB Announces 2014 Call for Bids (Jeanne d’Arc Region)
2014, May 22Notice to Potential Bidders re: Eastern Newfoundland Region Sector Identification
2014, May 22Notice to Potential Bidders re: Labrador South Region Sector Identification
2014, May 20NOTICE TO POTENTIAL BIDDERS CALL FOR BIDS NL13-01 (Area “C” – Flemish Pass) AND CALL FOR BIDS NL13-02 (Area “C” – Carson Basin)
2014, May 15Notice to Potential Bidders Call for Bids NL13-03 (Area “B” – Western Newfoundland and Labrador Offshore Region)
2014, May 7L’OCTNLHE diffuse la Mise à jour de l’évaluation environnementale stratégique de la zone extracôtière de l’Ouest de Terre-Neuve et du Labrador
2014, May 5C-NLOPB Delivers Western Newfoundland and Labrador Offshore Area Strategic Environmental Assessment Update
2014, Mar 11As the C-NLOPB remembers those lost, work continues to improve offshore helicopter passenger safety
2014, Mar 10Notice to Potential Nominators – Areas of Interest
2014, Mar 5C-NLOPB Invites Comments on Draft Eastern Newfoundland Strategic Environmental Assessment Report