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The Texas-based oil company, which will operate Hebron on behalf of itself and several partner companies, says it expects up to 3,500 people will be employed by the project during the construction phase.
The company, one of the world’s largest oil producers and a major player in Canada’s energy industry, said it would use its expertise in Arctic development to operate in the challenging environment surrounding Hebron.
“Hebron is one of several large-scale oil developments that ExxonMobil will bring on stream in the next five years,” said Neil Duffin, president of ExxonMobil Development Company, said in a statement from Irving, Texas.
A subsidiary of ExxonMobil, which owns 36 per cent of the project, will operate the oilfield. Other partners in the Hebron project are Chevron Canada Ltd. with 26.7 per cent of the equity, Suncor Energy Inc. with 22.7 per cent, Statoil Canada and Nalcor Energy Oil and Gas.