Suncor may abandon Terra Nova offshore oil field

St. John’s, Newfoundland (May 27, 2021) – Calgary based Suncor Energy, lead operator of the Terra Nova offshore oil field on the Grand Banks of Newfoundland, says it will most likely be abandoning the oil field if it cannot come to an agreement with its seven partners. Mark Little, the CEO of Suncor, told investors on Wednesday that the floating production platform will be decommissioned if an agreement is not found.