Terra Nova Oil Field


Description

Terra Nova is an oil field development project 350 kilometres off the coast of Newfoundland. Discovered in 1984 by Petro-Canada, the field is the second largest off Canada's East Coast. Terra Nova is the first harsh environment development in North America to use a Floating Production Storage and Offloading (FPSO) vessel, the Terra Nova FPSO. Production from the field began in January 2002.



Key Facts

Rock Formations
Late Jurassic-aged sandstone

Year Discovered
1984

Year Production Started
2002

Well Status
Active

Location
On shore

Country
Canada

Region
North America


Partners

Suncor Energy33.99%
ExxonMobil20.00%
Statoil15.00%
Husky Energy12.51%
Murphy Oil Corporation10.48%
Chevron Corporation1.00%

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