John's, dormant and nearly deserted.ĭave Mercer, president of the union representing the oilfield's workers, said the news was an enormous relief. The field operates using a series of wells drilled into the seabed and connected to a massive floating production and storage vessel through a network of cables and pipes.Īll that infrastructure needs extensive maintenance and retrofitting work in order to keep the oil pumping, but Little has said that after the COVID-19 pandemic and a global crash in oil priced, not all of the project's partners were still on board to foot the bill.īy late 2020, when the work should have been completed, the vessel was bobbing in the water near St. It hasn't produced oil since December 2019. The Terra Nova oilfield is one of four offshore oil installations in the province and sits about 350 kilometres southeast of St. The agreement must still be approved and finalized and is contingent upon the Newfoundland and Labrador government coming through with its promise of more than $500 million in cash and royalty adjustments, the release said. “Although this agreement in principle is not a guarantee, it sets a path forward in the next few months to secure a return to operations for many years to come,'' company president and chief executive officer Mark Little said in the release.īy Suncor's estimates, there are still 80 million barrels of oil left in the Terra Nova field.Ĭalgary-based Suncor Energy is the minority owner of the field and its stake in the project will increase to 48 per cent from about 38 per cent as part of the agreement, the release said.ĭetails about the other partners, including which companies might be selling their stakes and for how much, weren't immediately available. The announcement comes a day after the company was expected to deliver a decision about whether the field would be shut down for good. The oilfield's seven owners will shuffle their shares and provide short-term funding for the project, rather than abandon the field entirely, a news release from Suncor Energy Inc. The beleaguered Terra Nova oilfield off the coast of Newfoundland and Labrador could live to pump another day after its owners reached a restructuring agreement in the eleventh-hour Wednesday. Hopefully, the students feel comfortable and confident going into their senior year after their two years in the program because they will have taken advantage of the various supports the program offers.Terra Nova FPSO Source: Suncor Energy Inc. The students exit the program after their junior year. The Terra Nova World Core classes follow the same curriculum and have the same assessments as all sophomores.ĭuring the students’ 11 th grade school year, they take two Terra Nova classes: (1) Terra Nova American Literature and (2) 11 th Grade Terra Nova Life Skills. All sophomores at Cupertino High School take World Core, which consists of the WL and WH courses. The three classes include World Literature (WL), World History (WH), and Terra Nova Life Skills. During that school year, the students take three classes in the program with their Terra Nova classmates. Students start in the Terra Nova Program their 10 th grade year. The program is for 10 th and 11 th grade students at Cupertino High School. The Terra Nova Program is an intervention program designed to help students with high academic potential that might need added support during the school day to reach that potential.
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