ExxonMobil Announces Two New Oil Discoveries Offshore Canada

ExxonMobil has unveiled two significant oil discoveries offshore Newfoundland & Labrador, reinforcing the region’s role as a key player in Canada’s energy landscape. The company reported the addition of 75 million barrels of recoverable oil—50 million barrels at the Hebron platform and 25 million barrels at Hibernia.

ExxonMobil Announces Two New Oil Discoveries Offshore Canada

These discoveries underscore ExxonMobil’s commitment to maximizing the value of existing offshore assets through life extension strategies and advanced drilling technology. As global energy demand continues to evolve, developments like these reflect the importance of strategic investment in proven basins.

For offshore operators and project developers, this announcement signals continued confidence in Canada’s offshore potential and highlights the need for technical expertise in drilling, project management, and asset optimization.

Aries One supports upstream projects with Consulting, Project Management, and Staffing. Our expertise helps energy companies navigate complex offshore environments while maximizing operational performance.

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