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Husky Energy, the operator, holds 68.875% in the satellite fields, while Suncor Energy holds 26.125% and the government of Newfoundland & Labrador, through Nalcor … For more information about oil and gas and petrochemical projects go to Project Smart Explorer. St. John’s, NL (May 29, 2017) -- The Newfoundland and Labrador Oil & Gas Industries Association (Noia) is applauding Husky Energy’s announcement today that it is moving forward with the West White Rose Project. Learn more about Suncor’s other regions in the Exploration & Production business. Suncor said it expects its share of production from the White Rose field will average about 8,700 bpd over its life and its share of future capital expenditures is about $1.4 billion. In 2007, this development was extended to the neighboring North Amethyst and other field giving the opportunity to the local … In total, Suncor holds over 390mn bl of 2P reserves from its offshore assets. After contracting Arup for the design of the White Rose Expansion Project structure, the CGS ended up with 50,000 tonnes of concrete to support 14,500 tonnes for the topsides. After booking more powerful than expected heavy lift vessel, Husky has decided to revise upward the design of the wellhead platform in order to increase capabilities. Suncor Energy holds a 27.5% working interest in the White Rose development and approximately 26% in the West White Rose Project. Suncor reported comparable operating earnings rose to $782 million or 51 cents per share in the quarter ended Dec. 31 due to improved … As a result, Husky and his partners are sharing the working interests in White Rose in such a way: Since 2010, Husky and its partners have been proceeding to multiple expansion with tie-back to the SeaRose FPSO, all subsea. Suncor Energy Inc. deepened its spending ... an after-tax impairment charge of $1.798-billion on its share of the Fort Hills assets and against its share of the White Rose and Terra Nova assets. White Rose. The $1.6-billion development calls for a fixed wellhead platform consisting of a concrete gravity structure and an integrated topsides tied back to the SeaRose FPSO via … In 2006, delineation and exploration drilling identified additional resources at North Amethyst and West White Rose. ™ Trademark of Suncor Energy Inc. The operator of the West White Rose Project has announced the cancellation of the 2021 construction season and is moving the project into safekeeping mode. Discovered in 1984, the White Rose offshore oil field is located in the Jeanne d'Arc Basin, 350 km east of St. John's, Newfoundland and … Suncor shares fell by as much as 4.6 per cent in early trading on the Toronto Stock Exchange, although it announced an 11 per cent increase in its quarterly … In 2007, this development was extended to the neighboring North Amethyst and other field giving the opportunity to the local Nalcor to enter the joint venture. © Copyright Suncor Energy Inc. 2020. The White Rose field and satellite extensions are located in the Jeanne d’Arc Basin, 350 km east of … Husky Energy and its partners, Suncor Energy and Nalcor Energy, will use a fixed wellhead platform tied … Check out our blogs and interact with us and other readers: We maintain several official YouTube channels to share official Suncor videos as well as relevant videos and playlist from our stakeholders. Husky owns 68.875% of the project while Suncor holds 26.125% and Nalcor Energy has the remaining 5%. Suncor is also the operator of the Terra Nova field, off the coast of Newfoundland and Labrador. The development of White Rose and its subsequent fields has been the work and vision of Husky Energy (68% partner owner) and its partners Suncor (26%) and Nalcor (5%). About $393 million accounts for higher capital cost estimates for the West White Rose Project off Newfoundland and Labrador Suncor reported comparable operating earnings rose to $782 million or 51 cents per share in the quarter ended Dec. 31 due to improved western Canadian crude oil prices. Suncor also holds interest in the White Rose base project and interest in the White Rose Extensions. Suncor Energy operated Suncor working interest 37.7% 25 mmboe 2P reserves1 (Suncor WI) 2019 avg net production: 11.6 mbbls/d White Rose Husky Energy operated Suncor working interest 27.5% 54 mmboe 2P reserves1 (Suncor WI) 2019 avg net production: 4.7 mbbls/d Buzzard (UK) CNOOC Petroleum Europe Limited operated Suncor … The White Rose field and satellite extensions are located in the Jeanne d’Arc Basin, 350 km east of Newfoundland and Labrador … This was also the first time that Suncor Energy SU.TO has sold a cargo of offshore Canadian crude to IOC, ... IOC previously bought a cargo of Canadian White Rose oil in November 2013. The construction of a concrete gravity structure requires to accommodate a dedicated shipyard in a location as close as possible from the field in order to limit the towing costs. Ownership interests in the White Rose field consist of Husky (72.5 percent) and Suncor (27.5 percent). White Rose is an oil field development project 350 kilometres off the coast of Newfoundland. Suncor Energy holds a 21% working interest in the Hebron project. In 2006, Husky and Suncor developed White Rose with excavated subsea drill centers and flowlines connected to the SeaRose floating, production, storage and offloading (FPSO) vessel.. CALGARY, Canada – Suncor Energy is working on spending reductions at its offshore projects, the company said in its latest results statement.. Fields affected include Terra Nova and West White Rose offshore Newfoundland and the Fenja development in the Norwegian Sea.. Close to the famous ExxonMobil Hebron project, the White Rose oil field belongs to the Jeanne d’Arc Basin 350 kilometers east from St John’s on the Atlantic coast of the Newfoundland and Labrador Province. Lying by only 120 meters of water depth, White Rose started to deliver the first oil in 2005. The company’s stock saw a 25-per-cent rally this week and Randy Ollenberger, managing director of oil and gas equity research at BMO Capital … Husky has planned to install the White Rose wellhead platform 3 kilometers northwest of the SeaRose FPSO current position. document.getElementById("comment").setAttribute( "id", "a7c6233a711c37da7f0cf08a638805ad" );document.getElementById("i53585e134").setAttribute( "id", "comment" ); Husky and Suncor completed Canada White Rose Platform design, floating, production, storage and offloading (FPSO), For more information about oil and gas and petrochemical projects go to, Calgary-based Husky Oil Operations Limited (Husky), excavated subsea drill centers and flowlines, graving dock along the Placentia Bay on the south of the Avalon Peninsula, Nalcor Energy (Nalcor) from Newfoundland and Labrador, Newfoundland and Labrador Province on the Canada east Coast, SeaRose floating production storage and offloading FPSO vessel, White Rose Expansion Project wellhead platform, White Rose Expansion Project WREP offshore, Legal, General Terms & Conditions, Copyright. The Calgary-based Husky Oil Operations Limited (Husky) and its partners, Suncor Energy Inc. (Suncor), also from Calgary, and Nalcor Energy (Nalcor) from Newfoundland and Labrador, completed the design for the White Rose Expansion Project (WREP) offshore the Newfoundland and Labrador Province on the Canada east Coast. Suncor and its partners have deferred these projects until an economically viable way forward can be … ... Suncor is listed on the UN Global Compact 100 stock index. All Rights Reserved. In that respect Husky selected Argentia in Newfoundland to build a graving dock along the Placentia Bay on the south of the Avalon Peninsula. Last year, a spill of 1,572 barrels of oil at Husky’s White Rose was the largest ever recorded off the coast of Newfoundland and Labrador. Even if this new design should delay the WREP by one year, Husky and its partners, Suncor and Nalcor, are now expecting to increase the topsides to 23,000 tonnes and the concrete gravity structure to 70,000 tonnes in order to boost the performances of the White Rose Expansion Project wellhead platform. Suncor Energy Inc. has been lagging behind its energy sector peers for months, but market watchers say the integrated oil-and-gas company is on the verge of a turnaround. The Oil Sands Story (1960s, 1970s & 1980s), Energy for the Future (1990s, 2000s & 2010s), Existing Contractors, Suppliers & Carriers, PumpTalk: Sharing Ideas on Gas Prices and Fuel Efficiency, Petro-Canada Fuels Athletes Facebook Page, @SuncorCareers (twitter.com/suncorcareers). Suncor said it expects its share of production from the White Rose field will average about 8,700 bpd over its life and its share of future capital expenditures is about $1.4 billion. Figure 1-1 Location of the White Rose Field First oil from the White Rose field was produced in November 2005. Dealing with change Suncor Energy holds a 20% working interest in the Hibernia development, and a 19.13% working interest in the Hibernia Southern Extension development. Learn more about White Rose Sanctioned projects at Fenja, Buzzard, White Rose and Terra Nova are all projected to start-up post-2021 which will help diversify the company’s portfolio and increase production. With the White Rose Expansion Project, Husky and its partners, Suncor and Nalcor, prepared to take a leap in adding a concrete gravity structure (CGS) to support series of drilling and production wellheads. On Sunday, Husky announced it would suspend major construction work on the West White Rose Project off Newfoundland. Husky Energy and partners Suncor Energy and Nalcor Energy-Oil and Gas have sanctioned the West White Rose project offshore Newfoundland and Labrador. Suncor shares … CALGARY, Alberta, Oct. 28, 2020 ... West White Rose and Fenja. This graving dock has been designed with a 20 meters depth below sea level in order to enable the CGS to float after construction for towing it out. Suncor posts $2.3B loss, writes down oil sands and offshore assets. As the concrete gravity structure needs to be ballasted down on the seabed, the topsides can only be installed on the CGS after the ballasting operation, thus requires among the most powerful offshore heavy lift floating units. CALGARY, Alberta, Oct. 28, 2020 (GLOBE NEWSWIRE) ... West White Rose and Fenja. White Rose partners have seen nothing but gains from the White Rose project as it has provided oil producing returns from a number of fields in … References to Oil Sands operations exclude Suncor Energy Inc.'s interests in Fort Hills andSyncrude. Husky said the West White Rose decision will add more to its spending reductions, and will release more details later. The operator of West White Rose has announced that work has been suspended for an indefinite period. Earlier this year Husky Energy, as operator of West White Rose… Offshore staff. Husky Energy is the operator and 72.5 per cent interest holder in the White Rose oil fields.. No production volumes or capital commitments associated with Terra Nova or West White Rose are currently forecast for 2021. Suncor has yet to announce any major budget cuts. Husky Energy, on behalf of the West White Rose Project (WWRP) proponents, Husky, Suncor Energy Inc. (Suncor) and Nalcor Energy – Oil and Gas Inc. (Nalcor), is leading the development of the WWRP. Suncor Energy holds a 27.5% working interest in the White Rose development and approximately 26% in the West White Rose Project. Suncor shares and encourages the exchange of information to support constructive dialogue. References to Oil Sands operations exclude Suncor Energy Inc.’s interests in Fort Hills and Syncrude. For the lastest news about Oil&Gas and Digitalization, do not hesitate to follow our newsletter : Check you mail box or spam to activate your subscription and ensure not to miss any post. Suncor said it expects its share of production from the White Rose field will average about 8,700 bpd over its life and its share of future capital expenditures is about $1.4 billion. The White Rose Expansion Project involves the development of three satellite fields: the North Amethyst, the West White Rose and the South White Rose. Suncor Energy has an interest in all the current developments on Canada’s East Coast. Other than Terra Nova, all of the projects are operated by other companies. In 2006, Husky and Suncor developed White Rose with excavated subsea drill centers and flowlines connected to the SeaRose floating, production, storage and offloading (FPSO) vessel. You are here: Home » Blog » One day - One News » Husky and Suncor completed Canada White Rose Platform design. Husky Energy, on behalf of the West White Rose Project (WWRP) proponents, Husky, Suncor Energy Inc. (Suncor) and Nalcor Energy – Oil and Gas Inc. (Nalcor), is leading the development of the WWRP. Husky Energy, on behalf of the West White Rose Project (WWRP) proponents, Husky, Suncor Energy Inc. (Suncor) and Nalcor Energy – Oil and Gas Inc. (Nalcor), is leading the development of the WWRP within the White Rose field located in the Jeanne d’Arc Basin, 350 km east of … West White Rose Project - Subsea Tie-Back. Husky asks Ottawa, Newfoundland and Labrador to invest in stalled offshore West White Rose project Endangered species: Canadian small oil and gas companies under pressure to merge or die Suncor hasn’t started a formal sales process, but is engaging with potential buyers that have shown interest in the fields, one of the … % working interest in the West White Rose and suncor white rose listed on south... » One day - One News » husky and Suncor ( 27.5 percent ) ( 27.5 ). 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