Innovators: Oil & Gas

Oil & Gas


  • The Hibernia field on the Grand Banks, 315 km east of St. John's, became Newfoundland and Labrador’s first offshore producing field in 1997. 2010 production totaled 56.3 million barrels.  


  • Terra Nova went into production in 2002.  2010 production totaled 24.9 million barrels.


  • White Rose went into production in 2005. 2010 production totaled 19.4 million barrels.


  • The Hebron oil field is currently being developed, with first oil projected in 2017.


  • Averaged over the last five years, Newfoundland and Labrador accounts for approximately 25 per cent of Canada's total crude oil production. 

 

  • The Hibernia gravity-based structure (GBS) was the world’s first to be designed for an ice-prone area and to withstand the impact of a six-million-tonne iceberg.

 

  • The “cut and run” method for quickly disconnecting a floating production, storage, and offloading (FPSO) unit from the sea floor when pack ice starts to descend was first developed for the Terra Nova project.

 

  • C-CORE of St. John’s developed the iceberg-towing net that has become standard equipment in Arctic and sub-Arctic waters.