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Newfoundland and Chevron set to finalize deal

August 18, 2008 @ 10:57 pm In Heavy Oil Company News

The government of Newfoundland is set to finalize a deal with Chevron Corp this week to develop the C$6 billion ($5.7 billion) offshore Hebron oil field.

Quoting unnamed sources, Canadian Broadcasting Corporation said:

An announcement regarding the 731 million barrel Hebron and Ben Nevis heavy oil deposit could be made Wednesday or Thursday.

For more information, click here [1]


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[1] here: http://uk.reuters.com/article/oilRpt/idUKN1848036520080818

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