Hebron Projects

What Hebron Projects does

Hebron is an offshore oil field development located in the Jeanne d'Arc Basin, approximately 350 kilometres southeast of St. John's, Newfoundland and Labrador. The field was first discovered in 1980 and is estimated to contain more than 700 million barrels of recoverable resources. ExxonMobil Canada Properties operates the project on behalf of multiple co-venturers under a joint venture structure, and first oil was achieved in 2017. The project is governed by a Development Application submitted to the Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) in April 2011.

The development centers on a gravity-based structure (GBS) platform with topsides facilities constructed at the Bull Arm deepwater site, with peak in-province construction employment reaching approximately 5,000 workers. Revenue is generated through the sale of crude oil on global markets; figures are not publicly disclosed because the asset sits within ExxonMobil Canada Properties and the broader Exxon Mobil Corporation reporting structure. Procurement is conducted via formal processes with pre-qualified contractor lists, and the project maintains a Supplier Diversity Program.

Beyond extraction, Hebron operates a substantial local stakeholder program in Newfoundland and Labrador — including the largest single donation in College of the North Atlantic's history (CAD $10M in October 2024 for climate change and sustainability programming), co-venturer diversity scholarships at Memorial University and CNA, ocean-education funding, and the 2025 Canada Games presenting partnership. In 2025–2026, Hebron also co-invested with Hibernia into local AI ventures (CoLab Software, Focus FS) to enhance offshore operational safety and reliability.

Name

Hebron Projects

Legal name

ExxonMobil Canada Properties

Website

https://hebronproject.com

Company type

Private

Founded year

1980

Operating status

Operating

Short description

Hebron Projects is an offshore oil field in Newfoundland and Labrador's Jeanne d'Arc Basin, operated by ExxonMobil Canada Properties as a joint venture, containing over 700 million barrels of recoverable resources and producing crude oil via a gravity-based structure platform since 2017.

Ownership category

akta.pro rank

Product category

Offshore Crude Oil Production

NAICS

Crude Petroleum Extraction (21112), Oil and Gas Extraction (2111), Drilling Oil and Gas Wells (213111)

SIC

Crude Petroleum & Natural Gas (1311), Drilling Oil & Gas Wells (1381)

akta.pro primary industry

Offshore E&P (Shallow/Deepwater, Subsea Production Systems) (EUALAAAI)

akta.pro secondary industries

Production Operations & Well Optimization (Artificial Lift, Flow Assurance) (EUALAAAF), Completion Tools & Subsurface Equipment (Packers, Liners, Valves, Sand Control) (EUALABAD)

Keywords

• Offshore oil production
• Crude oil extraction
• Gravity based structure
• Deepwater petroleum development
• Offshore drilling operations

Headquarters

HQ city

St. John's

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Supply Chain, Infrastructure, Technology or R&D, Others

Revenue model

1. Oil and Gas Production: The Hebron Project is an offshore oil field containing more than 700 million barrels of recoverable resources. Revenue is generated through the sale of extracted crude oil.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Hebron Projects operates an offshore oil field in the Jeanne d'Arc Basin, approximately 350 kilometres southeast of St. John's, Newfoundland and Labrador. The project extracts crude oil using a Gravity-Based Structure (GBS) platform and topsides facilities, with estimated recoverable resources exceeding 700 million barrels. Operations are managed by ExxonMobil Canada Properties on behalf of multiple co-venturers as a joint venture.

Product overview

Hebron is not a technology product or software company. It is an offshore oil field development project located in the Jeanne d'Arc Basin, approximately 340 kilometres southeast of St. John's, Newfoundland and Labrador, Canada. The Hebron field is estimated to contain more than 700 million barrels of recoverable resources and is operated by ExxonMobil Canada Properties on behalf of its co-venturers. The project focuses on oil production operations, not technology products or services. The website serves as an informational portal for stakeholders, providing details about the project's development, procurement opportunities, benefits to the province, and media resources.

Differentiator

Problem solved

Functional benefit

Products and services

• Hebron crude oil production

Named customers1 record

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core, flagship and minor.

• Hibernia ProjectscoreStrategic or Co-development Partner · 28 January 2026Hibernia and Hebron Projects are co-venturers in a multi-year $8 million AI initiative to enhance safety, reliability, and operational control in offshore oil and gas operations. Each project contributed more than $2.45 million toward the Focus FS initiative. The two projects also co-invested $5.6 million in CoLab Software to develop local AI talent.
• CoLab SoftwarecoreStrategic or Co-development Partner · 19 March 2025CoLab Software, a Newfoundland and Labrador-based software company, received $5.6 million CAD in combined funding from Hibernia and Hebron Projects. The investment will fund approximately 60,000 hours of local software development to accelerate the creation of CoLab's ReviewAI product and grow local AI talent.
• College of the North Atlantic (CNA)flagshipStrategic or Co-development Partner · 10 October 2024The Hebron Project made a $10 million contribution to College of the North Atlantic, representing the largest donation in CNA's history. This funding supports the expansion of the college's climate change and sustainability programming.
• 2025 Canada GamesminorGTM or Marketing Partner · 27 August 2024Hebron was announced as the Presenting Partner of the 2025 Canada Games 'Catch The Spirit' Program, an educational program designed to inspire youth to embrace physical activity and sport.
• Memorial UniversityflagshipStrategic or Co-development PartnerHebron Project co-venturers established an endowment of $750,000 for students attending Memorial University as part of $1.5 million diversity scholarships program for women, Aboriginal people, persons with disabilities and visible minorities.
• College of the North AtlanticflagshipStrategic or Co-development PartnerHebron Project co-venturers established an endowment of $750,000 for students attending College of the North Atlantic as part of $1.5 million diversity scholarships program for women, Aboriginal people, persons with disabilities and visible minorities.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Hibernia Project: The Hibernia offshore oil project is the most direct peer to Hebron — both are operated out of St. John's, NL, target the Jeanne d'Arc Basin, and are run as joint ventures with co-venturers. Hibernia and Hebron are also co-investment partners in the Focus FS AI initiative and CoLab funding, making them operationally and commercially intertwined.
• Terra Nova (oil field): Terra Nova is another offshore Newfoundland and Labrador crude oil field operated as a joint venture (Suncor-operated). It is structurally comparable to Hebron in terms of geography (Jeanne d'Arc Basin), production model, and joint-venture governance.
• White Rose (oil field): White Rose is an offshore NL oil field operated by Equinor/Husky (now Cenovus). It shares Hebron's regional operating environment, FPSO-based production model, and NL regulatory framework.
• Sable Offshore Energy Project: Sable is an offshore natural gas and liquids project off Nova Scotia operated by ExxonMobil Canada. It is comparable to Hebron as a Canadian offshore JV with ExxonMobil operator experience, multi-decade production horizon, and similar regulatory framework under a federal/provincial offshore board.
• Hibernia Management and Development Company (HMDC): HMDC operates the Hibernia field and has joint partnerships with Hebron via the Genesis innovation hub and the Focus FS AI initiative, putting it in a near-identical operating and peer posture to Hebron.

Broad incumbents

• ExxonMobil (parent operator): ExxonMobil is the parent operator of Hebron via ExxonMobil Canada Properties. While ExxonMobil is far larger and operates a global portfolio, its offshore Atlantic Canada operations and JV experience make it a relevant broad-incumbent reference for Hebron's operating model.
• Suncor Energy: Suncor operates Terra Nova and is a major Canadian offshore operator. It is comparable as a broad incumbent that runs offshore NL production assets and JV structures, while also operating a wider downstream and oil sands portfolio.
• Equinor: Equinor has historically operated the White Rose field offshore Newfoundland and operates numerous harsh-environment offshore fields globally (Norway). It is a relevant broad-incumbent peer for deepwater/Atlantic offshore production expertise.
• Chevron Canada: Chevron participates in Hebron as a co-venturer and operates other Canadian and global offshore assets. It is comparable as a broad-incumbent supermajor stakeholder in major offshore JV production.

Emerging players

• Norne field (Equinor): The Norne field is an offshore Norwegian Sea oil field operated by Equinor in harsh-environment conditions. It is comparable to Hebron as a subsea-tied-back offshore production asset in a North Atlantic-type environment with similar operational and regulatory challenges.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hebron Projects