- Terra Nova (oil field)
Terra Nova is an
oil fielddevelopment project 350 kilometres off the coast of Newfoundland. Petro-Canadais the operator and 34 per cent interest holder in the Terra Nova oil fields.
1984by 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%)
* [http://www.petro-canada.ca/eng/about/11008.htm Petro-Canada:Terra Nova]
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