Chevron has been exploring for new sources of energy off the shore of Atlantic Canada for more than 30 years. In 1979, the company discovered the Hibernia Field. This major discovery was the catalyst that launched Newfoundland and Labrador’s offshore energy industry.
Chevron holds a 26.9 percent nonoperated working interest in the Hibernia Field that comprises two key reservoirs, Hibernia and Ben Nevis Avalon (BNA). Cutting-edge, cost-effective technologies are employed at the Hibernia Field, including wells that reach up to 4.5 miles (7.2 km) in length and are drilled to a depth of almost 13,000 feet (3,960 metres). The production platform also has been specially built to withstand impacts from large icebergs that can be found in the production field.
Average net daily crude oil production in 2016 was 29,000 barrels.
Chevron also has a 23.8 percent nonoperated working interest in the unitized Hibernia Southern Extension (HSE) areas of the Hibernia Field, which have been developed with subsea tiebacks to the Hibernia Platform. Production start-up was achieved in 2015 and infill drilling continued in 2016.
Chevron holds a 29.6 per cent nonoperated working interest in the Hebron Field development, which includes a concrete, gravity-based platform with a design capacity of 150,000 barrels of crude oil per day. The platform was towed to the field in June 2017, and first oil was achieved on November 27, 2017. The operator has estimated that the Hebron Field contains total potentially recoverable oil-equivalent resources of more than 700 million barrels. The project has an expected economic life of 30 years from the time of start-up, and first oil is expected in 2017. Proved reserves have been recognized for this project.
The Terra Nova oil field is located in the Jeanne d’Arc Basin, about 35 km southeast of Hibernia. Production began in 2002. Chevron Canada has a 1 percent interest in the Terra Nova project.
Flemish Pass Basin
Chevron has an interest in three exploration blocks in the Flemish Pass Basin, located approximately 400 km east of St. John's, NL.