The Terra Nova field is operated by Suncor Energy Inc., with a 37.675% interest, located approximately 350km (220miles) east off the coast of Newfoundland, Canada in the North Atlantic Ocean.The Terra Nova field is south of the successful Hibernia field and the more recent White Rose field. All three fields are in the Jeanne d'Arc Basin on the eastern edge of the famous Grand Banks fishing territory.
Terra Nova lost 165 m³ of oil into the ocean in 2004 because of two mechanical failures. In June 2006, production on Terra Nova was halted as the platform was sent to Rotterdam for a refit. She returned to the Terra Nova field on 25 September 2006.