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November 22, 2021

Bay du Nord Conventional Oil Field, Canada

By Carmen

Bay du Nord is a conventional oil development located in deepwater in Canada and is operated by Equinor Canada. Discovered in 2013, the field with water depth of around 3,861 feet.

The project is currently in feasibility stage and is expected to start commercial production in 2027. Final investment decision (FID) of the project will be approved in 2023. The development cost is expected to be $5,186 m. The Bay du Nord conventional oil development will involve the drilling of approximately 40 wells and includes FPSO and subsea trees.

Field participation details

The field is owned by Equinor and Cenovus Energy.


Production from Bay du Nord

Production from the Bay du Nord conventional oil development project is expected to begin in 2027 and is forecast to peak in 2028, to approximately 123,200 bpd of crude oil and condensate. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2055.


Remaining recoverable reserves

The field is expected to recover 486.58 Mmboe, comprised of 486.58 Mmbbl of crude oil & condensate.


Contractors involved in the Bay du Nord conventional oil field

Some of the key contractors involved in the Bay du Nord project as follows.

Other Contractors: Det Norske Veritas Holding, Schlumberger and Subsea 7

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Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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