First oil was pumping at Hibernia, the province's first offshore oil project. Brian Tobin, left, stands beside Hibernia president Harvey Smith, and cabinet minister Chuck Furey, right, to announce first oil 20 years ago. In 1986, Hibernia was only expected to have 520 million barrels of oil, and had once been forecast to run dry sometime between 2015 and 2017. Brian Tobin hoped oil would pull Newfoundland and Labrador out of the poverty that followed the cod moratorium. (CBC)The development of satellite fields like the Hibernia Southern Extension and Ben Nevis reservoirs has allowed Hibernia to continue pumping crude beyond its projected lifespan.

Source: CBC News November 17, 2017 11:18 UTC