Terra Nova oil field

Suncor Energy and Terra Nova co-owners reach Agreement in Principle on Terra Nova

Retrieved on: 
Wednesday, June 16, 2021
Terra Nova oil field, Suncor Energy, Petroleum industry in Canada, Economy of Canada, Companies

Over the past year, Suncor has worked diligently with all stakeholders to determine a path forward for Terra Nova, said Mark Little, Suncor president and chief executive officer.

Key Points: 
  • Over the past year, Suncor has worked diligently with all stakeholders to determine a path forward for Terra Nova, said Mark Little, Suncor president and chief executive officer.
  • Prior to completion of the restructuring, the Terra Nova co-owners are Suncor (operator, 37.675%), ExxonMobil (19%), Equinor (15%), Cenovus (13%), Murphy (10.475%), Mosbacher (3.85%) and Chevron (1%).
  • Suncor Energy is Canada's leading integrated energy company, with a global team of over 30,000 people.
  • For more information about Suncor, visit our web site at suncor.com , follow us on Twitter @Suncor

Husky Energy Reports 2019 Fourth Quarter and Annual Results

Retrieved on: 
Thursday, February 27, 2020
Floating production storage and offloading, Offshore engineering, Oil storage, Petroleum production, Barrel, Terra Nova oil field, Terra Nova, Q4, Units of measurement, Measurement, Articles

3Including Superior Refinery rebuild costs of $48 million in Q4 2019 and $113 million in 2019; expected to be largely covered by insurance.

Key Points: 
  • 3Including Superior Refinery rebuild costs of $48 million in Q4 2019 and $113 million in 2019; expected to be largely covered by insurance.
  • The Chicago 3:2:1 crack spread averaged $12.06 US per barrel compared to $13.38 US per barrel in Q4 2018.
  • In the Montney Formation, six liquids-rich wells at Wembley were started up in the fourth quarter.
  • This takes into account the suspension of production-related operations in the fourth quarter on the partner-operated Terra Nova FPSO, in which Husky has a 13% working interest.