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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (112772)	9/9/2021 8:12:21 AM
From: Goose94	Read Replies (1) of 203330

Suncor Energy (SU-T) and its partners have announced a plan to extend the life of the Terra Nova Floating Production, Storage and Offloading (FPSO) facility. The proposal is expected to provide an additional 70-million barrels of oil and extend the project’s life by a decade. The offshore Newfoundland oilfield has not produced oil since late 2019 but production is expected to be restored by the end of next year. Suncor (48 per cent), Cenovus (34 per cent) and Murphy Oil (18 per cent) now control the project. Suncor has also announced a conditional agreement to increase its interest in the White Rose offshore oilfield, but is dependant on Cenovus’ decision about restarting the expansion of the West White Rose project. BNN.ca

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