Bay du Nord is a conventional oil development located in deepwater in Canada and is operated by Equinor Canada. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Bay du Nord was discovered in 2013, the field with water depth of around 3,861 feet. Buy the profile here.
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The project is currently in feed stage and is expected to start commercial production in 2028. Final investment decision (FID) of the project will be approved in 2024. The development cost is expected to be $12,044 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 BP and Equinor.
Production from Bay du Nord
Production from the Bay du Nord conventional oil development project is expected to begin in 2028 and is forecast to peak in 2029, Based on economic assumptions, the production will continue until the field reaches its economic limit in 2056.
Contractors involved in the Bay du Nord conventional oil field
Some of the key contractors involved in the Bay du Nord project as follows.
Design/FEED Engineering: Hatch and KBR
Other Contractors: Schlumberger, Det Norske Veritas Holding, Salt Ship Design and Technip Energies
About Equinor Canada
Equinor Canada Ltd (Equinor Canada), formerly Statoil Canada Ltd, a subsidiary of Equinor ASA, is an oil and gas company. The company carries out oil and natural gas exploration, development, and production licenses offshore services. It operates seven offshore discoveries Mizzen, Harpoon, Bay du Nord, Bay de Verde, Baccalieu and Cappahayden and Cambriol. Equinor also holds working interests in four projects offshore includes Suncor-operated Terra Nova, ExxonMobil-operated Hebron, ExxonMobil-operated Hibernia and Hibernia Southern Extension. It also makes investments in Canada’s offshore industry. The company has operations in Newfoundland and Labrador, Canada. Equinor Canada is headquartered in Saint John's, Newfoundland and Labrador, Canada.
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This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
