Terra Nova (oil field)
Encyclopedia
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.
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:
Oil field
An oil field is a region with an abundance of oil wells extracting petroleum from below ground. Because the oil reservoirs typically extend over a large area, possibly several hundred kilometres across, full exploitation entails multiple wells scattered across the area...
development project 350 kilometres off the coast of Newfoundland. Discovered in 1984 by Petro-Canada
Petro-Canada
Petro-Canada was a crown corporation of Canada in the field of oil and natural gas. It was headquartered in the Petro-Canada Centre in Calgary, Alberta. In August, 2009, Petro-Canada merged with Suncor Energy, a deal in which Suncor investors received approximately 60 per cent ownership of the...
, 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
Floating Production Storage and Offloading
A floating production, storage and offloading unit is a floating vessel used by the offshore industry for the processing of hydrocarbons and for storage of oil. A FPSO vessel is designed to receive hydrocarbons produced from nearby platforms or subsea template, process them, and store oil until it...
(FPSO) vessel, the Terra Nova FPSO
Terra Nova FPSO
Terra Nova is a Floating Production Storage and Offloading Vessel located in the Terra Nova oil and gas field, approximately east-southeast off the coast of Newfoundland, Canada in the North Atlantic Ocean...
. 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.
- Suncor EnergySuncor EnergySuncor Energy Inc. is a Canadian integrated energy company based in Calgary, Alberta. It specializes in production of synthetic crude from oil sands...
(33.99 %) - operator - Exxon Mobil Canada Properties (22.00%)
- StatoilStatoilStatoil ASA is a Norwegian petroleum company established in 1972. It merged with Norsk Hydro in 2007 and was known as StatoilHydro until 2009, when the name was changed back to Statoil ASA. The brand Statoil was retained as a chain of fuel stations owned by StatoilHydro...
(15.00%) - Husky Energy Operations Ltd. (12.51%)
- Murphy Oil Company Ltd. (10.475%)
- Mosbacher Operating Ltd. (3.50%)
- Chevron Canada Resources (1.00%)
See also
- HiberniaHibernia (oil field)Hibernia is an oil field in the North Atlantic Ocean, approximately east-southeast of St. John's, Newfoundland, Canada.The production platform Hibernia is the world's largest oil platform and consists of a 37,000-tonne integrated topsides facility mounted on a 600,000-tonne gravity base structure...
- Sable IslandSable Offshore Energy ProjectThe Sable Offshore Energy Project is a consortium based in Halifax, Nova Scotia which is attempting to locate and produce natural gas found near Sable Island on the edge of the Nova Scotian continental shelf in eastern Canada...
- White RoseWhite Rose (oil field)White Rose is an oil field development project 350 kilometres off the coast of Newfoundland. Husky Energy is the operator and 72.5 per cent interest holder in the White Rose oil fields....