Suncor restarts production at Canadian oil site Terra Nova (updated)

Murphy Oil

27/11/2023 13:12

(Updates with more details)
       Nov 27 (Reuters) - Suncor Energy  SU.TO  said on Monday
it has restarted the Terra Nova floating oil production and
storage offloading vessel in Canada and production is expected
to ramp up over the coming months. 
    Terra Nova is an oilfield located offshore Newfoundland and
Labrador.
    The Canadian oil site has restarted after the completion of
the Terra Nova Asset Life Extension project. In 2021, Suncor and
the Terra Nova joint venture owners finalized this project to
extend production life by about 10 years.
    Suncor, Terra Nova's operator, owns 48%, and Cenovus Energy
Inc  CVE.TO  and Murphy Oil Corp  MUR.N  own smaller stakes.

    

 (Reporting by Ashitha Shivaprasad in Bengaluru, Editing by
Louise Heavens)
 ((Ashitha.Shivaprasad@thomsonreuters.com;))