Exploration and production (E&P)

Side shot of the Terra Nova site far in the distance with a small boat in front.

Exploration and production at a glance

Our E&P business consists of offshore operations off the east coast of Canada and onshore assets in Libya and Syria. The E&P business provides portfolio diversity with low-cost conventional production, which helps balance against higher cost oil sands production, particularly when crude prices are low.

~53.8 mboe/d

2024 production volume

East Coast Canada

International interests

Middle East