Newfoundland to Host ExxonMobil’s Latest Deepwater Oil Exploration Initiative

ExxonMobil is gearing up to drill an exploratory deepwater oil well named Persephone, situated about 500 kilometers off the eastern coast of Newfoundland in the Orphan Basin. This area lies north of the Flemish Pass Basin, where Equinor is considering developing the country’s first deepwater oil production operation called “Bay du Nord.” The drilling will be conducted by the Stena Drillmax ship, currently docked in Bay Bulls, roughly 30 kilometers south of St. John’s. Margot Bruce-O’Connell, an Exxon spokesperson, noted that the drilling operation is expected to last approximately four months, although a specific start date has not been confirmed.

Full story from CTV here.