FPSO at an offshore oil field. (Source: Shutterstock)
Suncor Energy has safely restarted the Terra Nova FPSO following the completion of the Terra Nova Asset Life Extension project, the company said in a Nov. 27 press release.
Production is expected to ramp up over the coming months.
“Focusing on safety and operational integrity, we have brought this key offshore project online, providing additional cash flow for our shareholders as well as many benefits to the Newfoundland and Labrador and Canadian economies," said Rich Kruger, Suncor president and CEO. "We appreciate the collaboration and support from the provincial and federal governments regarding this project."
Terra Nova is an oil field located offshore Newfoundland and Labrador approximately 350 km southeast of St. John's. The Terra Nova Partners are Suncor with a 48% stake; Cenovus with 34%; and Murphy Oil Corp. with 18%.
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