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Posts Tagged ‘Suncor’

I had the pleasure of visiting the Hibernia gravity-based structure while it was still under construction in Bull Arm, Newfoundland (photo). This pioneering facility, where Newfoundland’s offshore production began in Nov. 1997, continues to impress.

In April, Hibernia posted its highest monthly production since August 2021 – 3.1 million barrels or 103,000 bopd. Exxon attributes the production growth to a recent 6-well drilling program. The Hibernia field has produced more than double the original resource estimate of 520 million barrels.

Offshore Newfoundland’s total April production, increased to 9.4 million barrels, with a sharp increase in the value of production (see figure below). This is the highest monthly production level for the province since March 2020, and the second highest monthly production value on record, only behind July 2008.

Meanwhile, production at Hebron, another Exxon GBS structure, has reached record levels this year (chart below). The facility is producing more than 5 million bbls/month.

Finally, Suncor’s decision to refurbish the Terra Nova FPSO and resume production may be paying off given production levels of ~1 million bbls/month.

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The CNLOPB has announced contingent resources of 340 million bbls for the Cambriol discovery which would be co-developed with 2 nearby discoveries as part of Equinor’s Bay du Nord project. Per CNLOPB estimates, this brings the Bay du Nord resource total to 1.132 billion bbls. Equinor has announced that 2 exploratory wells will be spudded this summer. Positive results would further strengthen the case for Bay du Nord development.

contingent resources per CNLOPB (million bbls)
Bay du Nord407
Cappahayden385
Cambriol340
project area total1132
“Contingent Resources” are volumes of hydrocarbons, expressed at 50% probability, assessed to be technically recoverable that have not been delineated and have unknown economic viability.

Meanwhile, Terra Nova production is ramping up after a long hiatus for FPSO refurbishment, remarkable Hibernia has produced more than double the original resource estimate of 520 million bbls and is still producing about 60,000-70,000 bopd, and Hebron is impressively producing about 120,000 bopd on average.

There is indeed reason for optimism about North America’s only Atlantic production in what is arguably the continent’s (world’s?) most challenging operating environment.

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Cheryl Anderson submitted a report on a synthetic mud spill from the Henry Goodrich which is operating offshore Newfoundland.

An estimated 26,400 litres (approximately 166 bbl) synthetic based mud spill occurred Monday east of St. John’s from Suncor Energy Henry Goodrich rig while drilling an exploration well on Monday but not reported until today – a three day delay.  Preliminary reports indicate the cause may have been a valve left open on the mud pit. vocm.com

 

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