NEW WORKING INTEREST DIVISION WILL LET HIBERNIA PROJECT PROCEED

The $5.2 billion (Canadian) Hibernia oil field development project off Newfoundland will proceed with new financing. It is Canada's second offshore oil field development program. The first was the Lasmo Nova Scotia Ltd.-Nova Scotia Resources Ltd. combine's Cohasset-Panuke oil fields off Nova Scotia (OGJ, Jan. 20, 1992, p. 18).

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