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.
Related Topics:
Oil field - Newfoundland - Petro-Canada
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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. Production from the field began in January 2002.
Related Topics:
1984 - Floating Production Storage and Offloading - 2002
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The working interest partners are:
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- 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%)
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