News

HMDC Contributes $840,000 to Manuels River Hibernia Interpretation Centre

The Hibernia Management and Development Company Ltd. said today that it is expanding its support for science, technology, engineering and math (STEM) education in Newfoundland and Labrador with an $840,000 contribution, invested over four years, to the Manuels River Hibernia Interpretation Centre.

20th Anniversary of Hibernia First Oil

The Hibernia Management and Development CompanyLtd. (HMDC) celebrates the 20th anniversary of Hibernia first oil today. The Hibernia platformproduced its first barrel of oil on Nov. 17, 1997, and has produced more than 1 billion barrelssince then, representing an amount higher than originally expected when the field startedproduction.

Hibernia Reaches One Billion Barrels

The Hibernia Management and Development CompanyLtd. (HMDC) and ExxonMobil Canada announced today that the Hibernia gravity-basedstructure (GBS) has produced its one billionth barrel of oil. The milestone was achieved onDecember 21st and represents an amount higher than originally expected when the field startedproduction in 1997.

Hibernia Project, RDC and CAE inaugurate the New Helicopter Training and R&D Centre in Newfoundland and Labrador

The Hibernia Management and Development Company Ltd. (HMDC), the Research & Development Corporation (RDC) and CAE today inaugurated a new helicopter training and research and development (R&D) centre in Newfoundland and Labrador. Fully funded by HMDC and RDC, the centre features the first civilian Level D helicopter simulator with night vision in Canada and hosts five research projects.

Hibernia Project and RDC Investing in New Helicopter Training and R&D Centre

The Hibernia Management and Development Company Ltd. (HMDC) and the
Research & Development Corporation (RDC) are investing approximately $16 million in a new helicopter training and research and development (R&D) centre in Newfoundland and Labrador. HMDC will contribute $13 million to the centre and its helicopter simulator system, and RDC will contribute $3.3 million to the cost of the helicopter simulator system and the completion of five research projects.