SeaRose FPSO terminal

SeaRose Floating Production, Storage and Offloading (FPSO) terminal is based on the Grand Banks class of ice strengthened, double hulled storage tanker. It was moored on site during 2005 and is capable of holding almost 850,000 barrels of oil.

Oil is from the Lower Cretaceous Avalon Sandstone of the South and North Avalon pools.

Canadian Regulators rescinded the operators licence in Jan 2018 when SeaRose failed to disconnect from the seabed infrastructure in response to an iceberg threat, contrary to the agreed Safety Management Plan.

Storage to and export from SeaRose was suspended by the Newfoundland and Labrador oversight authorities in Jan 2018, following the operators failure to follow its own Ice Management Plan in Mar 2017, when an iceberg drifted into proximity, threatening the station; it has yet to be re-instated once remedial action has been demonstrated.

Unrelated (but nearby to SeaRose), there is still development potential around the Jeanne dArc Basin, in deeper waters to the:

• NE - Orphan Basin in Blocks 1073-1080, centred on 49 00N, 48 00W
• E - Flemish Pass Basin in Blocks 1049 & 1064, centred on 48 00N, 46 30W
• SE - Carson-Salar Basin in Blocks 1056-1057, centred on 45 30N, 47 30W.