Terra Nova Oil Field

Summary Information

• Operator: Suncor
• Country: Canada
• Location: 350 kilometres southeast off the coast of Newfoundland and Labrador
• Production start: 2002
• Partners:
  • Suncor Energy 48% (operator)
  • Cenovus - 34%
  • Murphy Oil - 18%
• Type: Oil
• Estimated Reserves:
• Production Volume:

+++ Description

• Suncor Energy operates the Terra Nova field, which is located approximately 350 kilometres southeast off the coast of Newfoundland and Labrador.
• Discovered in 1984, the field was the second to be developed off Canada’s East Coast. Production from the field began in 2002, through the use of a Floating, Production Storage and Offloading (FPSO) vessel, the Terra Nova FPSO
• The development has a total of 24 wells – 14 producers, seven water injection and three gas injection wells
• This was the first development in North America to use FPSO technology in a harsh weather environment.
• The field produces light sweet crude oil

+++ Contractors

• **Fluor Daniel Canada, Inc.:** The overall project manager provided engineering and construction services to the project.
• **Maersk Company Canada Limited**, a leader in the exploration for and production of oil & gas, shipbuilding, aviation, and electronic data process services.
• **Bouygues Offshore**, one of the world's largest construction conglomerates known for its unparalleled experience in the design and construction of concrete floaters, both semi-submersible and mono-hull.
• **Emtunga:** Additional LQ cabin module
• Subsea Technologies and Reservoir Team (START), an alliance between Schlumberger Oilfield Services Newfoundland, ABB Vetco Gray Canada and Baker Hughes Canada, will provide world-class integrated well services, well construction and subsea capabilities.
• **Global Maritime:** Warranty surveyor and marine consultant for infield pipelines and associated subsea structures

+++ History

• 1984 - Terra Nova field discovered
• 1996 - Petro-Canada Selects Alliance Newfoundland To Perform Design Study
• 1997 - Environmental Assessment Agency granted approval
• 1999 - Husky issued Terra Nova Bonds were originally issued for U.S.$250 million
• 2002 - First production
• 2006 - Major overhaul of the FPSO
• 2021 - Cenovus increased its stake to 34%

+++ Geology

+++ Links

1. Terra Nova, Suncor
2. Emtunga Offshore Platform References
3. Global Maritime Pipeline References
4. Petro-Canada Selects Alliance Newfoundland To Perform Design Study For The Terra Nova Oil Field Development
5. Terra Nova Review Panel Recommends Go-Ahead with Conditions
6. Terra Nova starts producing
7. Husky Energy Redeems Terra Nova Bonds
8. Terra Nova back in production
9. Cenovus announces Atlantic assets restructuring plan