Canadian Hibernia Platform Restarts Production After Oil Spill

OilPrice.com | Aug 15, 2019 at 6:00 PM
  • Crude oil production at the Hibernia platform offshore Canada’s northeast Atlantic coast resumed on Thursday after a month-long hiatus following an oil spill in the middle of July, Exxon—the largest shareholder of the company operating the platform—said today.
  • With a stake of 33.125 percent, ExxonMobil Canada is the single largest shareholder of the HMDC company which operates the Hibernia platform.
  • Chevron’s Canadian subsidiary, Chevron Canada Resources, holds 26.875 percent, Suncor owns 20 percent, Canada Hibernia Holding Corporation has an 8.5-percent stake, Murphy Oil holds a 6.5-percent interest, and Equinor Canada Ltd owns the remaining 5 percent.