• The planned Hebron project offshore Newfoundland and Labrador should at the start, recover about 556 million bbls of oil over the 30 year productive life of the project, according to its operator, Exxon Mobil Canada. If all goes as planned, Hebron will be producing oil prior to the end of 2017.
  • Corridor Resources is planning to suspend its drilling operations at the McCully field in New Brunswick, for the rest of 2009, so that they can maintain a strong cash-positive balance sheet. This interruption in drilling presents an opportunity to produce a detailed simulation model of the McCully field which will assist in optimizing future drilling areas and reservoir performance.