Hebron shelved; Williams takes aim at Exxon

[CHIMO]

Hebron shelved; Williams takes aim at Exxon
Last updated Apr 3 2006 04:03 PM NDT
CBC News

The proponents of the Hebron oil field have shelved the project, with Premier Danny Williams suggesting he is prepared to have the provincial government replace the partner he blames for delaying development.

Williams said Monday that Exxon Mobil, which owns the greatest stake in what would be the fourth oil play off Newfoundland and Labrador, got cold feet late last week during negotiations to close a development deal.

Williams, however, said the province believes Exxon Mobil Properties – one of the project's four partners – does not want to develop the project.

"I'm saying to Exxon Mobil right now that if you don't want to move on with this project, then we would be prepared to take you out," said Williams, who added his government is prepared to take on a greater equity stake with remaining partners.

http://www.cbc.ca/nl/story/nf-hebron-shelved-20060403.html

Is this guys name really Chavez?

[maddezmom]

1. duplicate

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102x2205601