Exxon Mobil (XOM) announces plans to move forward with the next major offshore oil project in...

|About: Exxon Mobil Corporation (XOM)|By:, SA News Editor

Exxon 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.