 Three major offshore oil developments, Hibernia, Terra Nova and White Rose, are in production off the coast of the city and a fourth development, Hebron, is expected to be producing oil by 2017.The economy has grown quickly in recent years.In 2010 and 2011, the metro area's gross domestic product (GDP) led 27 other metropolitan areas in the country, according to the Conference Board of Canada, recording growth of 6.6 per cent and 5.8 per cent respectively.