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Construction of the massive gravity base structure (GBS) for the C$5 billion (£2.6bn) Hibernia offshore oil project in Canada is behind schedule and 30 per cent over budget.The GBS is being built by Newfoundland Offshore Development Constructors, in which Wimpey has a 29 per cent stake.But the Hibernia Development and Management Company, formed by five oil companies to carry out the giant scheme, said cost savings on other parts of the programme mean the project as a whole is within ...

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