Terra Nova (oil field)

Terra Nova (oil field)

Terra Nova is an oil field development project 350 kilometres off the coast of Newfoundland. Petro-Canada is the operator and 34 per cent interest holder in the Terra Nova oil fields.

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.

The oil is produced from the Late Jurassic-aged sandstone within the Jeanne d'Arc Formation. The reservoir was deposited as a large braided fluvial system. The discovery well was Terra Nova K-08 drilled in 1984 by Petro-Canada.

The working interest partners are:
*Petro-Canada (33.99 %) - operator
*Exxon Mobil Canada Properties (22.00%)
*Norsk Hydro Canada Oil & Gas (15.00%)
*Husky Energy Operations Ltd. (12.51%)
*Murphy Oil Company Ltd. (12.00%)
*Mosbacher Operating Ltd. (3.50%)
*Chevron Canada Resources (1.00%)

ee also

*Sable Island
*White Rose

External links

* [http://www.petro-canada.ca/eng/about/11008.htm Petro-Canada:Terra Nova]

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