Canada Hibernia Holding Corporation

Canada Hibernia Holding Corporation (CHHC) manages and holds the Government of Canada’s interests in the Hibernia Project, an oil development and production project located offshore Newfoundland and Labrador.

About the company

Located in Calgary, CHHC plays an active role as an owner in the Hibernia Project. Our responsibilities are to maximize shareholder value through the exploration, development, production and marketing of crude oil from the project. CHHC was incorporated in March 1993 and is a wholly owned subsidiary of CDEV.

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Our Responsibilities

Health and safety

CHHC strives to ensure that the health and safety of workers and protection of the environment are paramount in all Hibernia decisions.

Compliance

CHHC is committed to operating in legal and regulatory compliance. CHHC is governed by an independent Board of Directors and reports to Parliament through the Minister of Finance.

Commercial Strength

CHHC focuses on protecting Canada’s ownership interests in the project, maximizing value and keeping the Hibernia asset in a ready state for evaluation and sale should Canada elect to divest of the asset.

Our role in the Hibernia Project

CHHC is a non-operating working interest owner of the Hibernia Project. It manage the marketing and transportation of our share of Hibernia crude oil, through contractual relationships with other owners and service providers to the producing fields offshore Newfoundland and Labrador.

The Hibernia Project comprises the original Hibernia Development Project area, where CHHC has an 8.5% working interest, and the Hibernia Southern Extension Unit (“HSE Unit”), where CHHC has a 5.67% working interest. Construction of the field facilities was completed in 1997 and first oil from the original Hibernia field occurred in November 1997.

Since inception, CHHC has been staffed by a highly skilled group of professionals with extensive industry experience.

CHHC participates regularly in the Hibernia Executive Committee, which is responsible for the management of the project, technical, legal, health, safety, environmental and financial committees that collectively oversee the ongoing business planning and operations of the Hibernia Project.

The corporation derives its cash flow solely from the Hibernia assets which include our share of Hibernia crude oil production and a small portion from incidental revenue from the Hibernia drilling and production facilities. Cash flow fluctuates primarily depending on Hibernia production volumes, the price of crude oil, royalty and national payroll payments, operating costs, income taxes and major capital expenditures.</div>

Reporting on our progress

Read our annual reports, accessibility progress reports and more.

December 18, 2025  |  Featured Reports

CHHC Multi-Year Accessibility Plan

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October 8, 2025  |  Featured Reports

CHHC Annual Report to Parliament: Privacy Act 2024 – 2025

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October 8, 2025  |  Featured Reports

CHHC Annual Report to Parliament: Access to Information Act 2024 – 2025

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Executive Leadership Team

Anita Tonn

President and Chief Financial Officer

Gerry Goobie

Vice President, Marketing and Transportation

Robin Grouette 

Vice President, Operations

CHHC Board of Directors

Jennifer Reynolds

Board Chair

Alicia Damley 

Chair of the Audit Committee

Sean W. Strickland 

Director

Anita Tonn

President and Chief Financial Officer

Anita Tonn

President and Chief Financial Officer

Anita Tonn, President and Chief Financial Officer of CHHC, leads the organization’s financial management and oversees the team responsible for managing Canada’s investment in the Hibernia Project.

Ms. Tonn has over 20 years of experience in the oil and gas industry, with expertise in finance, accounting, treasury, tax, and mergers and acquisitions. Prior to joining CHHC, she held senior finance leadership roles at several oil and gas companies and began her career in the audit practice at KPMG LLP.

Ms. Tonn holds a Bachelor of Commerce from the University of Saskatchewan and is a Chartered Professional Accountant and Chartered Accountant.

Gerry Goobie

Vice President, Marketing and Transportation

Gerry Goobie, Vice President, Marketing and Transportation at CHHC, is responsible for overseeing the disposition of CHHC’s crude oil production.

Mr. Goobie has over 40 years of experience in the petroleum industry, with expertise across crude oil, natural gas, and natural gas liquids markets. Prior to joining CHHC, he was a Principal at Goobie Tulk Inc. and Gas Processing Management Inc., and held senior roles at ATCO Midstream, TransCanada Pipelines, Murphy Oil, and other major energy companies.

Mr. Goobie holds a Bachelor of Science in Chemistry, a Master of Science in Chemical Engineering, and a Master of Business Administration.

Robin Grouette 

Vice President, Operations

Robin Grouette, Vice President, Operations at CHHC, is responsible for managing the technical and commercial operations related to Canada’s investment in the Hibernia Project.

Ms. Grouette has over 25 years of experience in the oil and gas industry, leading multidisciplinary and global teams. Prior to joining CHHC, she worked at Deloitte LLP focusing on governance and operational readiness in the mining sector, and spent over 20 years at Shell Energy in senior roles across strategy, operations, and development, most recently as Managing Director, China Upstream.

Ms. Grouette holds a Bachelor of Science from the University of Calgary.

Jennifer Reynolds

Chair of the Human Resources and Compensation Committee

Jennifer Reynolds, Chair of the Human Resources and Compensation Committee of Canada Development Investment Corporation, provides oversight on human resources, compensation, and governance matters.

Ms. Reynolds is currently Chief Executive Officer of NEXT Canada and has held senior leadership roles including Chief Executive Officer of Women Corporate Directors Foundation, President and Chief Executive Officer of Toronto Finance International, and President and Chief Executive Officer of Women in Capital Markets. Her career also includes senior roles in investment banking, venture capital, and global risk management, as well as board experience across corporate and non-profit organizations.

Ms. Reynolds holds an MBA and a Bachelor of Arts in Economics and Political Science from McGill University and the ICD.D designation.

Alicia Damley 

Chair of the Audit Committee

Alicia Damley, Chair of the Audit Committee of Canada Development Investment Corporation, provides oversight of financial reporting, risk management, and audit functions.

Ms. Damley has over 25 years of experience in governance, assurance, and investment oversight. She began her career at Deloitte, providing audit and advisory services, and later transitioned to global markets investing, focusing on performance aligned with client risk and return objectives across multiple market cycles. She also brings extensive board and committee chair experience.

Ms. Damley is a Chartered Financial Analyst and a Chartered Professional Accountant. She holds an Honours Bachelor of Science and a Master of Business Administration from the University of Toronto.

Sean W. Strickland 

Director

Sean W. Strickland, Director of Canada Development Investment Corporation, contributes to the Board’s oversight of strategy, governance, and stakeholder engagement.

Mr. Strickland is the Executive Director of Canada’s Building Trades Unions, representing more than 600,000 members across 14 international unions. He has extensive experience in organizational leadership, labour relations, and industry collaboration, and serves on multiple boards and advisory bodies related to the construction and energy sectors.

Mr. Strickland holds a Bachelor of Arts in Political Science from the University of Waterloo and has completed executive programs at Wilfrid Laurier University and Harvard University.

Anita Tonn

President and Chief Financial Officer

Anita Tonn, President and Chief Financial Officer of CHHC, leads the organization’s financial management and oversees the team responsible for managing Canada’s investment in the Hibernia Project.

Ms. Tonn has over 20 years of experience in the oil and gas industry, with expertise in finance, accounting, treasury, tax, and mergers and acquisitions. Prior to joining CHHC, she held senior finance leadership roles at several oil and gas companies and began her career in the audit practice at KPMG LLP.

Ms. Tonn holds a Bachelor of Commerce from the University of Saskatchewan and is a Chartered Professional Accountant and Chartered Accountant.