Home  

>Our operations

>Offshore Assets

Offshore Assets

We have active operations and exploration prospects offshore in the Asia Pacific region as well as in Newfoundland and Labrador. In these strategically important regions, our efforts are focused on identifying and developing commercially viable natural gas, natural gas liquids, and oil resources. Leveraging advanced exploration and production technologies, we assess reservoirs, optimize recovery, and implement safe and efficient extraction methods. Our approach prioritizes operational excellence, environmental stewardship, and regulatory compliance, ensuring that all activities are conducted responsibly. These offshore ventures complement our onshore operations, expanding our resource base, supporting long-term energy supply, and creating value for stakeholders while contributing to the sustainable development of the regions in which we operate.

e3747ed9babf4c0a510d5e6997cfd007

Atlantic Canada

 

We have been operating offshore Newfoundland and Labrador for over 40 years. Our activities are centered in the Jeanne d’Arc Basin, where we are the majority owner and operator of the White Rose field, including the North Amethyst, West White Rose, and South White Rose extensions. All of our producing fields utilize the SeaRose floating production, storage, and offloading (FPSO) vessel. In addition, we are joint venture partners in the Terra Nova field, which is operated by Suncor Energy.

d3ec587c052c51994d0fa6c26e53e336

Indonesia

 

We are actively producing and developing gas fields in the Madura Strait PSC, offshore East Java, Indonesia. These shallow-water fields include the producing BD, MDA, and MBH fields, as well as the development of the MAC and MDK fields. We hold a 40% interest in these projects, which are being developed in partnership with the operator, CNOOC Limited, and a subsidiary of Samudra Energy Limited.

Additionally, natural gas discoveries at the MBF and MAX fields within the PSC are currently under evaluation for commercial development, with the aim of expanding our resource base and supporting sustainable energy production in the region.