2017 marked one of the busiest years on record for the Suncor East Coast operations. In addition to the ongoing Terra Nova Floating, Production Storage and Offloading (FPSO) operations, Suncor activity included a rig intake, dive program, annual turnaround and an office move. Most importantly, our continued commitment to safety led the way as the business went the full calendar year without a recordable injury.
Toward the end of the year, another milestone was cause for cake and celebration. In October 2017, Terra Nova achieved 400 million barrels of produced oil, above sanction estimates.
“I’m so proud of our team’s performance with Terra Nova in terms of safe and reliable operations,” explains Steve Hogan, vice president, East Coast, Exploration and Production. “There was a time where it was assumed Terra Nova would no longer be a producing asset by now due to depleted reserves, and here we are setting a production record instead.”
And the East Coast team is not slowing down. Work continues to progress the Terra Nova Asset Life Extension (ALE) program.
“We are working toward an early 2019 go or no go decision,” says Steve. “If we do go ahead, the ALE program will potentially add another 80 million plus barrels of oil – those are exciting possibilities for our East Coast business.”
While the program continues to be reviewed throughout the year, scope, schedule, cost and benefits will be defined to understand if it makes sense economically to pursue.
This story contains forward-looking information. Please see legal advisories for more information.