Under the support package, Hibernia Management and Development Company Ltd. (HMDC) will receive up to $38 million to restart well work, perform drill rig upgrades and invest in new digital technology. Newfoundland and Labrador is giving $38 million to the Hibernia offshore oil project in a bid to protect 148 jobs over 18 months. The platform is to be parked 900 km north of where a giant berg struck and sank the Titanic in 1912, in a … Moreover, Hibernia will be drilling for oil off the Grand Banks, an area famous for wind, fog, 30-m waves - and, of course, icebergs. Hibernia Resources III, LLC. Hibernia was Newfoundland and Labrador first offshore oil installation and sits just over 300 kilometres off the coast of St. John's. The platform, located 315 kilometers east southeast of St. John’s, is operated by ExxonMobil-led HMDC consortium. Cougar Helicopters Flight 91 (also known as Flight 491) was a scheduled flight of a Cougar Sikorsky S-92A (Registration C-GZCH) which ditched on 12 March 2009 en route to the SeaRose FPSO in the White Rose oil field and Hibernia Platform in the Hibernia oilfield off the coast of Newfoundland 55 kilometres (34 mi) east-southeast of St. John's, Newfoundland. Oil production has resumed at the Hibernia offshore platform in Canada following a shutdown after the leakage of drilling and production fluids discovered on Sunday, July 19.. ST. JOHN'S, N.L. * NOTE: not all live weather reports for Hibernia 109, Newfoundland update at the same frequency which is why some locations can show data from stations that are more remote if the report is more recent than known closer ones. In order to reach the rich oil reserves deep beneath the ocean floor, wells have been drilled from the platform. Production has stopped aboard the Hibernia oil platform off the coast of St. John's after an estimated 75 barrels, or 12,000 litres, of oil spilled from a storage cell into the water. Long before the first well was ever drilled, geologists and geophysicists first had to determine the layout of the Hibernia field. Hibernia rig, offshore Newfoundland. — Newfoundland and Labrador is giving $38 million to the Hibernia offshore oil project in a bid to protect 148 jobs over 18 months. Premier Andrew Furey … The company's financial reports indicate staff numbers fell from 1,479 to 840 between the first and third quarters of 2020. Hibernia Resources III, LLC is an acquisition and development company focused on the exploration, growth and production of oil and natural gas assets. – Newfoundland and Labrador Premier Andrew Furey says the $38 million his government is giving the Hibernia offshore oil project will protect about 148 jobs over 18 months. The Hibernia offshore platform will get $38 million from the oil and gas industry recovery fund in order to restart work on the rig, create more jobs after a year of layoffs and downturn, and extend the life of the project, officials announced Wednesday.That $38 million comes from a $320-million fund announced by Ottawa in September to support oil and gas … ST. JOHN’S, N.L. It has not been spared from the downturn in the local industry.