When will the first oil from the Bay du Nord project be achieved?

First oil from the Bay du Nord project is planned to be achieved in2025. Credit: Alexandre. The Bay du Nord project is located in the Flemish Pass area, offshore Canada. Credit: Equinor. The Bay du Nord project includes the development of the Bay du Nord, Bay de Verde, Bay de Verde East and the Baccalieu fields.

Who owns Bay du Nord?

The $16-billion project, to be called Bay du Nord, will be majority-owned by Equinor, with BP holding a smaller stake. It comes loaded with superlatives: deepest, farthest and, as Equinor is keen to claim, cleanest. The company estimates that extracting a barrel’s worth of oil from Bay du Nord will produce eight kilograms of carbon dioxide.

Is Bay du Nord still important for Equinor?

Trond Bokn, senior vice-president of project development, said the project is still important for Equinor. "We will now look at the project again to see if we can do further optimizations to our concept and strategies," Bokn said. Bay du Nord is made of up five oil discoveries.

Will work on Bay du Nord start in Newfoundland?

Work on Bay du Nord hasn’t started yet; the province is still negotiating the project’s benefits agreement with Equinor, including parameters around how much manufacturing and construction will take place in Newfoundland. But the industry has begun to pick up again.