Exxon Mobil proceeds with $14 billion Canada oil field
January 5, 2013 4:42 AM EST
Exxon Mobil Corp
Exxon Mobil said the oil from Hebron will be produced with an iceberg-resistant gravity-based platform designed to pump 150,000 barrels a day. First oil is expected by 2017.
The project, in the Jeanne d'Arc Basin, 350 km (200 miles) southeast of St John's, Newfoundland, follows the other developments in the region -- Hibernia, Terra Nova and White Rose.
The other partners are Chevron Corp
(Reporting by Jeffrey Jones; editing by Gunna Dickson)