Saturday, June 28, 2008

Terra Nova back on line for Petro-Canada

Petro-Canada had restarted the Terra Nova oilfield off Newfoundland after a two-week maintenance outage and expected output to be back at full production in the next two days.

Petro-Canada is the operator of the field with a 34% interest in it. The field was shut in on 13 June. The company took the floating production, storage and offloading vessel off line to replace flaring equipment and valves, as well as to inspect other gear. Terra Nova is located 350 kilometres (217 miles) southeast of St. John’s, Newfoundland. Petro-Canada’s partners are ExxonMobil with 22%, Husky Energy with 12.5%, StatoilHydro with 15%, Murphy Oil with 12%, Mosbacher Operating with 3.5% and Chevron.

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