The massive Hebron oil platform — which has been waiting for almost a month to begin its journey from Bull Arm, 150 kilometres northwest of St. John's, to the offshore — will be towed to sea Saturday afternoon, says ExxonMobil. The $14-billion platform is set to begin producing oil in Hebron's field by the end of this year. The platform took 40 million work hours to build, and it's expected to produce 150,000 barrels of oil per day at peak production. This week, the mayor of nearby town Sunnyside said the departure of the structure will bring mixed emotions to residents. At the same time, with the platform goes the last major project Bull Arm has seen while Newfoundland and Labrador's oil industry has grown and declined.

Source: CBC News June 03, 2017 13:24 UTC