HIBERNIA FINAL AGREEMENT SAID TO BE IN SIGHT

Canada's federal government says it expects to complete a final deal by Sept. 1 with four companies for development of Hibernia oil field off Newfoundland. Canadian Energy Minister Jake Epp said progress was made in negotiations in July with the Hibernia group of companies led by Mobil Oil Canada Ltd. Epp said negotiators are close to resolving a major issue involving how much development-related work will be done in Newfoundland.

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