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Terra Nova oilfield shutdown could cost N L hundreds of millions of dollars

The risk has proven to be too great for a project so late in its life, he said, adding that an equity share will come with additional costs at the time of abandonment. I m calling on project owners to continue to work to find an equity solution. The Terra Nova oilfield sits about 350 kilometres off the southeast coast of St. John s, and it first began producing oil in January 2002. Much of the oil has already been sucked from under the seabed but there s still oil out there about 80 million barrels, according to estimates from the Newfoundland and Labrador Oil and Gas Industries Association.

Le futur du champ pétrolifère Terra Nova est incertain

Le futur du champ pétrolifère Terra Nova est incertain
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