| Terra Nova (oil Field) |
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Information AboutTerra Nova (oil Field) |
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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. 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 depositied 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:
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