Oil industry officials are cheering the long-awaited return of the Terra Nova platform to the Newfoundland offshore.
The platform has been out of commission for years after undergoing a lengthy refit process that started in Spain and wrapped up at Bull Arm.
Work on the FPSO will help to extend its life for another decade.
It’s the most encouraging news out of the Newfoundland offshore in some time, according to CEO of Energy NL Charlene Johnson, and gets 2024 off to a good start.
She calls it a major boost not only to the industry, but to the entire province.