INDUSTRY PRESSES FIRST FIELD DEVELOPMENT PROJECTS OFF CANADA

The pace of oil development off Canada's east coast is accelerating with two projects under way. Onshore site preparation has been in progress for more than a year on a 55.2 billion (Canadian) project to develop Hibernia oil field on the Grand Banks off Newfoundland. A number of major contracts have been awarded, and others will be let this spring. Fabrication of several major components, including a concrete gravity base structure (GBS), is about to begin. A work camp that will house

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