Newfoundland and Labrador's Noia discourages abandoning offshore Terra Nova Project

Newfoundland and Labrador’s Noia discourages abandoning offshore Terra Nova Project
5/3/2021
Suncor Energy on Friday issued Expressions of Interest (EOI) related to the Terra Nova Floating, Production Storage and Offloading (FPSO) vessel located on the Terra Nova offshore field.
Two EOIs prepare for decommissioning of the FPSO and the field and another provides an update to a previous EOI preparing for remediation of the FPSO to support the asset life extension project. Noia is deeply concerned about the potential to decommission and abandon the Terra Nova Project.
Terra Nova vessel
“Noia members and our Board of Directors are deeply concerned for the future of the Terra Nova Project and the far-reaching impacts decommissioning and abandonment would have upon our industry, the people who work in it, and our province,” Noia CEO Charlene Johnson said. “The Terra Nova Project employs about 900 people directly and thousands more when you consider the indirect and induced employment of those involved in the supply and service sector who lend their expertise in areas such as transportation, maintenance, environmental protection, health and safety, catering, and so much more. If this project does not continue, the impact on these people, their families, and the companies they work for, will be devastating.”

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