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%

Well News

Suncor Energy reports 2013 first quarter results
North America | Tuesday, April 30, 2013
Suncor Energy reports 2012 fourth quarter results
North America | Wednesday, February 06, 2013
Terra Nova signs drilling contract for three firm wells and two optional wells with Hunt Energy and Mineral Pty. on PEL 112 & PEL 444 in the Cooper Basin
Australasia | Friday, February 01, 2013
Suncor Energy provides operational update on its Firebag in situ facility
North America | Thursday, December 06, 2012
Husky Energy announces new initiatives and 2013 production guidance/capital expenditure program
North America | Monday, December 03, 2012

More Terra Nova Oil Field News