CALGARY, Alberta (Reuters) - Exxon Mobil Corp <XOM.N> said on Friday it is moving forward with the next major offshore oil project in the North Atlantic, the $14 billion Hebron development off the Newfoundland coast.
Exxon Mobil said the oil from Hebron will be produced with an iceberg-resistant gravity-based platform designed to pump 150,000 barrels a day. First oil is expected by 2017.
The project, in the Jeanne d'Arc Basin, 350 km (200 miles) southeast of St John's, Newfoundland, follows the other developments in the region -- Hibernia, Terra Nova and White Rose.
The other partners are Chevron Corp <CVX.N>, Suncor Energy Inc <SU.TO>, Statoil ASA <STL.OL> and Nalcor Energy Oil And Gas.
(Reporting by Jeffrey Jones; editing by Gunna Dickson)
(c) Copyright Thomson Reuters 2013. Check for restrictions at: http://about.reuters.com/fulllegal.asp