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ExxonMobil Receives Approval for the Hebron Oil Project
Jun. 01, 2012 08:58PM PST
Oil and Gas InvestingZacks reported that ExxonMobil Corporation (NYSE:XOM) received approval from the Canada-Newfoundland and Labrador Offshore Petroleum Board for the Hebron oil project off Newfoundland.
Zacks reported that ExxonMobil Corporation (NYSE:XOM) received approval from the Canada-Newfoundland and Labrador Offshore Petroleum Board for the Hebron oil project off Newfoundland.
As quoted in the market news:
Hebron − located 217 miles southeast of St. John’s, Newfoundland and approximately 300 feet under water − is a heavy oil field expected to hold over 700 million barrels.
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