Exxon Seeing to Push Hibernia Back Into Production
Exxon Mobil Corporation (XOM) explores for and produces crude oil and natural gas in the United States, Canada/South America, Europe, Africa, Asia, and Australia/Oceania. It also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, and specialty products; and transports and sells crude oil, natural gas, and petroleum products.
As per reports, Exxon is gearing up to prepare for the return of Canada’s Hibernia oil platform back to production. The oil giant owns the largest stake in the project followed by Chevron Canada and Suncor Energy Inc. Exxon is in continuous talks with the regulatory and response agencies to decide on the return date for the production.
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