The Bay du Nord project (BdN) consists of several oil discoveries in the Flemish Pass basin, some 500 km northeast of St. John’s in Newfoundland and Labrador, Canada. The first discovery was made by Equinor in 2013, followed by additional discoveries in 2014, 2016 and 2020.
The Bay du Nord discovery lies in waters approximately 1170 meters deep, whilst the later discoveries are in adjacent exploration licence EL1156 (Cappahayden and Cambriol) lie in approx. 650 meters, and are potential tie-ins in a joint project development.
Equinor will develop the Bay du Nord field using a floating production unit for storage and offshore offloading (FPSO), which also is a suited solution for tie-back of adjacent discoveries and future prospects.
In May 2023, following changing market conditions and subsequent high cost inflation, Equinor and our partner BP made the difficult decision to postpone the Bay du Nord development project up to three years.
The postponement will be utilized to optimize the project and continue to actively mature Bay du Nord towards a successful development. We will continue to work with our partners, contractors, and stakeholders to further improve overall project competitiveness.