Terra Nova is a Floating Production Storage and Offloading Vessel (FPSO

FPSO

FPSO may be:* Fleet Publication Supply Office* Floating Production Storage and Offloading, an offshore oil & gas industry vessel* Forms and Publications Supply Office, by CINCPAC in the United States military* Foster Parent Society of Ontario...

) located in the Terra Nova

Terra Nova (oil field)

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...

 oil and gas field

Oil and gas field

An oil and gas field is a field, or vast reservoir, that contains both oil and natural gas.-See also:* Oil field* Natural gas field* Oil reservoir* List of oil fields* List of natural gas fields...

, approximately 350 kilometres (217.5 mi) east-southeast off the coast of Newfoundland, Canada

Canada

Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...

 in the North Atlantic Ocean. The Terra Nova field is operated 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...

, with a 33.9% interest.

The Terra Nova field is south of the successful Hibernia

Hibernia (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...

 field and the more recent White Rose

White 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....

 field.