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Exxon Mobil (XOM) announces plans to move forward with the next major offshore oil project in...
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Friday, January 4, 12:41 PM ETExxon Mobil (XOM) announces plans to move forward with the next major offshore oil project in the North Atlantic, the $14B Hebron development off the Newfoundland coast. XOM says Hebron will be produced with an iceberg-resistant gravity-based platform designed to pump 150K bbl/day. Partners include CVX, SU and STO. First oil is expected by 2017.
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