Suncor Energy Inc. restarted the Terra Nova floating production, storage, and offloading (FPSO) following completion of the Terra Nova Asset Life Extension project offshore Newfoundland and Labrador. Production is expected to ramp up over the coming months.
The FPSO, which lies about 350 km offshore Canada and can store 960,000 bbl of oil, had been out of service since 2019 following the order by the Canada-Newfoundland and Labrador Offshore Petroleum Board for Suncor to suspend production-related operations due to a crack in the vessel’s hull. The Terra Nova Asset Life Extension project is expected to add 10 years and 70 million bbl of oil to the FPSO’s production capacity (OGJ Online, Nov. 9, 2023).
Suncor is operator of the Terra Nova project with 48% interest. Partners are Cenovus (34%) and Murphy Oil (18%).
