In 2009, our Oil and Gas division finalized the purchase of a five per cent working interest in the White Rose Growth Project. This project includes the North Amethyst Field, West White Rose and South White Rose Extension.

Discovered in 1984, the White Rose offshore oil field is located in the Jeanne d’Arc Basin 350 km east of St. John’s, Newfoundland and Labrador, Canada. The field consists of both oil and gas pools, covering approximately 40 km2 and containing in excess of 300 million barrels (48 MM m3) of recoverable oil.

North Amethyst is the first satellite field development at the White Rose project, and was brought on production less than four years after discovery in 2006. It is also the first subsea tieback project in Canada. Production from North Amethyst rose to a peak of approximately 37,000 barrels of oil per day, with future wells planned for the coming years. South White Rose Extension began producing in June 2015, with additional development wells planned through 2017.

The West White Rose Extension started construction in late 2017, with first oil expected in 2022. It is anticipated to achieve a gross peak production rate of approximately 75,000 barrels per day in 2025.