Hebron application submitted – and it’s expensive!

The group of oil companies ‘proposing’ the development of the Hebron oil field submitted their ‘application’ to the Canada-Newfoundland Offshore Petroleum Board (C-NLOPB), and the total estimated costs for the project is $14-billion. To put this cost in perspective, that is almost double the amount of Newfoundland and Labrador’s entire 2011 provincial budget – but the province’s 4.9 per cent stake in project only cost taxpayers $110 million. The Hebron project development area is about 350 kilometres from St. John’s, and about 32 kilometres southeast of the Hibernia oil development project. TheIndependent.ca will make the bold prediction that this application will be accepted.

Get our weekly newsletter for in-depth reporting and analysis delivered straight to your inbox. You can unsubscribe from the newsletter at any time. Have a question? Contact us or review our privacy policy for more information.


Sign up for our weekly Indygestion newsletter


Sign up for the Indygestion newsletter

Each Saturday, we'll deliver a recap of all our in-depth reporting and analysis from the week.

Our donors make it possible.

Newfoundland and Labrador’s premiere outlet for progressive ideas is only possible with your support. Will you join us?

This site uses cookies to provide you with a great user experience. By continuing to use this website, you consent to the use of cookies in accordance with our privacy policy.

Scroll to Top