Offshore Oil and Gas
The oil and gas industry in Canada has been involved in offshore exploration and development since 1959 when Mobil began exploration of Sable Island.
The first commercial production of oil offshore began in 1992 from the Cohasset and Panuke fields, located offshore Nova Scotia. In November 1997, production started at the Hibernia oil field off the coast of Newfoundland and Labrador. In addition, the Terra Nova and White Rose offshore oil fields came online in 2002 and 2005, respectively.
Hebron, the newest offshore project off the coast of Newfoundland and Labrador, came online in November 2017. It is expected to ramp up production to a peak rate of 150,000 barrels per day.
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