OilCo manages a 5% participating interest in the White Rose Extension project.
Our working interest in the White Rose Extension project was acquired in 2009. The White Rose Extension project involves the development of three satellite fields: the North Amethyst Field, South White Rose and West White Rose Extension.
Discovered in 1984, the White Rose offshore oil field is located in the Jeanne d’Arc Basin. The field consists of both oil and gas pools, covering approximately 40 km2 and containing in excess of 300 million barrels of recoverable oil.
North Amethyst, the first satellite field development at the White Rose project, produced first oil in 2010; less than four years after discovery. It is also the first subsea tieback project in Canada.
South White Rose Extension began producing in June 2015.
Construction started on West White Rose Extension in late 2017. At the time of project sanctioning, the project was anticipated to have a 25-year lifespan and produce more than 180 million barrels of oil. Due to the COVID-19 pandemic, in spring 2020 project operator Husky Energy (now Cernovus) suspended construction on the project. At that time, construction of the project was nearly 60% complete. Major construction remains on hold while Cenovus completes a review of the project.
Learn more about the project at White Rose Extension.
*OilCo manages participating interests in the White Rose Extension project on behalf of Nalcor Energy-Oil and Gas.