Terra Nova Field

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Terra Nova

Terra Nova is an oil field development project off the coast of Newfoundland, Canada, part of the Jeanne D'Arc basin. Terra Nova is operated by Petro-Canada (34%), with Exxon Mobile also holding a 22% stake. Other partners include Norsk (15%), Husky (12.5%), Murphy Oil Company (12%), Mosbacher (3.5%) and Chevron (1%). The recoverable reserves were estimated at 354 million barrels (with potentially another 100 million in the Far East development). First oil was achieved in 2000, with a daily production of aproximately 125,000 barrels having been sustained since then.

Contents

History

The Terra Nova oil field was discovered in the 1980's, with development commencing in 2002.

Operations

Satellite Fields

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