The Premier calls it a good day.

West White Rose lives after all. Cenovus says first oil is anticipated in the first half of 2026 with peak production forecast to reach 80,000 barrels per day.

Alex Pourbaix, Cenovus President and CEO, says the project is about 65 per cent complete.

Cenovus and Suncor entered into an agreement whereby Cenovus will decrease its working interest in West White Rose and satellite extensions while Suncor will take a larger stake.

Cenovus, formerly Husky Energy, halted construction on the West White Rose project in September 2020 following a crash in global oil prices.

The company said at the time it was reviewing its operations in the province, prompting anxieties it would abandon operations in the White Rose oilfield altogether.

Premier Andrew Furey told the annual gathering of Energy NL in St. John’s that everyone in the room deserves credit for never giving up and making sure their voices were heard.

Trades NL Welcomes Restart of West White Rose

Trades NL is welcoming the decision to restart the West White Rose project.

Trades NL says the 2020 decision to halt construction on the project was a “devastating blow” to skilled trade workers across the province.

Executive Director Darin King calls the West White Rose project critical to the future of the province’s building trades and construction industry.

West White Rose is expected to generate nearly $20 billion in GDP and more than $7 billion in labour income for Newfoundlanders and Labradorians over the 14-year life of the project, creating roughly 250 permanent platform jobs and up to 1,500 more direct and indirect jobs.