Major Newfoundland hit

Terra Nova offshore field headed for shutdown as partners won’t fund revamping

Gary Park

for Petroleum News

All signs point to abandonment for Newfoundland’s Terra Nova offshore oil project as it faces what operator Suncor Energy calls a “brick wall” date on June 15. Unless there is an unexpected turnaround by the consortium’s seven partners, the field will cease production, ending what has been almost tw....

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Hopes fading

SGovernment supportive

Abandonment work required