Exxon Mobil will develop the Hebron oil field offshore the Canadian province of Newfoundland and Labrador using a gravity-based structure that will recover more than 700 mbl of oil, an increase versus earlier estimates. Capital cost for the project, which is expected to begin oil production around the end of 2017, is estimated at $14bn. The platform is being designed for production of 150,000 bbl/d of oil. The project received regulatory approval from the governments of Canada and Newfoundland and Labrador in May. Front-end engineering and design was completed last year and significant progress has been achieved on detailed engineering. Hebron will be operated by ExxonMobil affiliate, ExxonMobil Canada Properties, which holds 36% equity in the project. Hebron co-venturers are Chevron Canada Limited (26.7%), Suncor Energy (22.7%), Statoil Canada (9.7%) and Nalcor Energy Oil and Gas (4.9%). The Hebron field is located offshore Newfoundland and Labrador in the Jeanne d'Arc Basin.