Winnipeg Free Press

Winnipeg Free Press (Newspaper) - January 12, 1990, Winnipeg, Manitoba 14 Winnipeg free january u Wells hints at cancelling Hibernia drilling Wells the real Oil from Hibernia May stay in the ground unless More of the Fields production platform is built in new Premier Clyde Wells said Wells said Oil companies want to build outside the province All five sections or super modules de signed to sit on top of the plat he said at least one of the five sections must be built in the prov Ince so Newfoundland can acquire the technology to develop other Fields near 350 Kilometres East of that technology is vital since the province will Only reap nominal royalties unless Oil prices Rise Sig he it May Well be in the Best inter ests of the people of this province to leave the Oil in the ground until we get the real Wells said in a address to a service we have questioned the advis ability of proceeding with this development at All if we do not have the construction of at least of one of those super modules take place in this the signing of a Deal to begin the project has been complicated by recent cos cutting design changes proposed by a Oil consortium led by Mobil Oil Canada mobiles changes Call for the construction of five Large modules to House production facilities and living instead of 30 smaller mod Ules As initially Concrete base the Concrete base for the plat which will sit below the will be built in the Federal and provincial govern ments and the consortium reached an agreement principle to develop Hibernia in 1988 but failed to sign a legally binding document by the deadline they set on March a new deadline of mid1990 was then after his Wells said he Doest expect the design Issue to delay a Deal and he is not issuing an ultimatum to Ottawa or the consortium Only telling them the Way it he told a group of Blu Chip businessmen he refuses to raise false expectations about even though the provinces Al important fishery is in deep trouble and the Economy desperately needs a i have a greater level of Confidence today that Hibernia will be developed than i had months he said but theres no Way in this world i would recommend to any one of you that you go out and make a major investment immediately on the strength of Confidence that Hibernia is going to Start six months from during his the Premier was at pains to find some Bright spots in the provinces he said tourism and mining hold prom ise As does the development of hydroelectric Power on the Churchill River in sons buy any 4 piece bedroom suite and leons will take off any mattress and oxspring buy any mattress and oxspring and get the Matching roller Frame for one buy any Dinette suite Over and get off any Wall unit Over Kph uttus pubic us 0oohu outs Aims Baum of ouf my Ijams mumble Quah Titis open daily 10am to 10 saturday till 6 on thespot prices include customer satisfaction since sons 1755 Ellice Avenue phone 7830533 ;