Canada: Terra Nova FPSO to Return to Full Production by the End of December

Suncor Energy announced that the Terra Nova FPSO facility operating offshore Newfoundland and Labrador is in the final stages of commissioning in preparation for start-up following planned maintenance.

The FPSO is expected to return to full production rates around the end of December.

Suncor expects total production to be within the company’s annual guidance range of 540,000 to 580,000 barrels of oil equivalent per day.

Suncor operates the Terra Nova field, which is located approximately 350 kilometres southeast off the coast of Newfoundland and Labrador.

Discovered in 1984, the field was the second to be developed off Canada’s East Coast. Production from the field began in 2002, through the use of a Floating, Production Storage and Offloading (FPSO) vessel. This was the first development in North America to use FPSO technology in a harsh weather environment.

Terra Nova’s life-of-field production is estimated at approximately 516 million barrels, with production from the Graben, East Flank and Far East blocks. The field is comprised of a combination of producing wells, as well as water injection and gas injection wells.

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Press Release, December 07, 2012