Terra Nova oil field


Terra Nova is an oil field development project off the coast of Newfoundland. 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 vessel, Terra Nova. Production from the field began in January 2002. The reservoir has an expected life of 15-17 years.
The oil is produced from Late Jurassic sandstone within the Jeanne d'Arc Formation. The reservoir was deposited 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: