Oil production in October 2013 was 5.6 million barrels, down 3.6% (or 0.2 million barrels) relative to October 2012.
Hibernia produced 4.0 million barrels of oil in October 2013, up 5.1% (or 0.2 million barrels) over October 2012.
There was no production from Terra Nova in October 2013 as the Terra Nova FPSO is currently undergoing maintenance to repair a damaged mooring chain and perform preventive maintenance on the other eight mooring chains. Regularly scheduled maintenance is also taking place during the shutdown. This maintenance program which began in late September is expected to take eleven weeks. There was also no production from Terra Nova in October 2012 as the FPSO was out of service for a 183 day off-station maintenance program during which time the vessel’s water injection swivel was replaced.
White Rose (including North Amethyst) produced 1.5 million barrels of oil in October 2013 down 21.1% (or 0.4 million barrels) relative to October 2012. The decrease is due to natural production declines of maturing fields.
On a year-to-date basis (January-October 2013), total oil production was 70.6 million barrels, up 21.3% (or 12.4 million barrels) in comparison to the same period in 2012.
The Department of Finance’s November 2013 forecast projects annual oil production to be 84.5 million barrels in 2013, up 17.1% over 2012 after extended maintenance shutdowns in 2012. Further information on the province’s oil and gas industry is available at The Economic Review 2013 (see Oil and Gas section).
Statistical Reference: Statistics used in this analysis were current at the time of writing. For the latest in oil production statistics visit the Newfoundland & Labrador Statistics Agency site.