Alliance Newfoundland To Perform Design Study For Terra Nova Field

Alliance Newfoundland, a consortium including Fluor Daniel Inc., was selected by Petro-Canada to perform a design study for the Terra Nova oil field development, located in the Grand Banks area off the east coast of Newfoundland, Canada. The Terra Nova oil field is estimated to have 400 million barrels of oil reserves. The Fluor Daniel-led team is comprised of four leading companies who have experience in offshore field development under harsh environmental circumstances. The alliance will conduct technical work to identify the optimum floating production system for developing the Terra Nova oil field. Petro-Canada has selected three alliance teams for the competitive design study and will chose the preferred development option and alliance group by early 1997. Members include: • Fluor Daniel Canada, Inc., the overall project manager, which will provide engineering and construction services to the project; • Maersk Company Canada Ltd., a leader in the exploration for and production of oil and gas, and shipbuilding, aviation and electronic data process services; • Bouygues Offshore, one of the world's largest construction conglomerates known for its experience in the design and construction of concrete floaters, both semisubmersibles and monohulls; • Subsea Technologies and Reservoir Team (START), an alliance between Schlumberger Oilfield Services Newfoundland, ABB Vetco Gray Canada and Baker Hughes Canada, which will provide world-class integrated well services, well construction and subsea capabilities.