News Headline Summary

ExxonMobil (XOM) says will develop the Hebron oil field offshore the Canadian province of Newfoundland and Labrador

Says:
- Capital cost for the project is estimated at USD 14bln.
- Platform being designed for daily production of 150,000 barrels of oil.
- Is expected to begin oil production around the end of 2017.

Reaction details (20:05)

- No movement seen in XOM shares; trades 88.61 last (+0.1%)

04 Jan 2013 - 20:01 - Energy - Source: Newswires

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