Terra Nova oil field
 |
 | This article needs to be updated. (April 2010) |
| Terra Nova oil field | |
|---|---|
 Terra Nova oil field | |
| Country | Canada |
| Location | Jeanne d'Arc Basin |
| Block | Graben, East Flank, Far East |
| Offshore/onshore | Offshore |
| Operator | Suncor Energy |
| Partners | Suncor Energy ExxonMobil Statoil Husky Energy Murphy Oil Mosbacher Operating Ltd. Chevron Corporation |
| Field history | |
| Discovery | 1984 |
| Start of production | January 2002 |
| Production | |
| Estimated oil in place | 406 million barrels (~5.54×107 t) |
| Producing formations | Late Jurassic-aged sandstone |
Terra Nova is an oil field development project 350 kilometres (220 mi) 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, Terra Nova. Production from the field began in January 2002. The reservoir has an expected life of 15-17 years.
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:
- Suncor Energy (33.99%) - operator
- Exxon Mobil Canada Properties (22.00%)
- Statoil (15.00%)
- Husky Energy Operations Ltd. (12.51%)
- Murphy Oil Company Ltd. (10.475%)
- Mosbacher Operating Ltd. (3.50%)
- Chevron Canada Resources (1.00%)