[Canada] Bay du Nord

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escveritas
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[Canada] Bay du Nord

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Equinor has been active in Canada since 1996, and operates the Bay du Nord and Baccalieu fields in the Flemish Pass Basin, discovered in 2013 and 2016. The licence is part of our strategy to develop prolific basins, advancing our position in a region where we already have a well-established exploration portfolio.

300 million
Bay du Nord Project estimated recoverable resources, in barrels

C$ 3.5 billion
Bay du Nord estimated revenues to government, CAD

11,000
person-years of in-province employment, Bay du Nord

The project

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The Bay du Nord FPSO development concept (Equinor)

The Bay du Nord project (BdN) consist 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 2015, 2016 and 2020.

Confirmed discoveries in 2020 in adjacent exploration licence EL1156 (Cappahayden and Cambriol East) are potential tie-ins in a joint project development. The Bay du Nord discovery is at a water depth of approximately 1170 metres whilst the new discoveries are at approx. 650 water depth.

Equinor is considering developing 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.

The optimisation of the Bay du Nord development project is ongoing to make it more robust for future market and evaluation to include confirmed new discoveries in adjacent licence EL1156 (Cappahayden and Cambriol East). Two additional exploration wells are planned to be drilled at the Cambriol East and Sitka prospects in 2022.

Together with our partners, we are working towards a final investment decision with first oil expected to be produced in the late 2020s.

Cenovus Energy is Equinor’s partner in the Bay du Nord discoveries. BP is Equinor’s partner in the Cappahayden and Cambriol Central discoveries.

Project location

The Bay du Nord discovery is located in the Flemish Pass offshore Newfoundland.

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escveritas
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Re: [Canada] Bay du Nord

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Canada approves $12 bln Bay du Nord offshore oil project

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CALGARY, Alberta, April 6 (Reuters) - The Canadian government on Wednesday approved a $12 billion offshore oil project proposed by Norway's Equinor ASA (EQNR.OL), after an environmental assessment concluded it would not cause significant adverse effects.

The Bay du Nord project would involve building a floating platform to drill an estimated resource of 300 million barrels of light crude oil in the Atlantic Ocean, about 500 km (310 miles) off the coast of Canada's Newfoundland and Labrador province.

Bay du Nord would be Canada's first remote deepwater project at around 1,200 meters (4,000-ft) deep and has come to symbolize the tension between Canada's climate goals and concerns about energy security in the wake of Russia's invasion of Ukraine.

Equinor and partner Cenovus Energy (CVE.TO) have not yet made a final investment decision on whether to build the project, but the Norwegian firm said it welcomed the ministry's decision.
escveritas
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Re: [Canada] Bay du Nord

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Salt designs Bay du Nord FPSO hull

September 29, 2022

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Salt Ship Design AS designs harsh environment FPSO hull for the Bay du Nord project for Equinor and licence partner BP.

Salt has been working closely with Equinor over quite some time to develop an FPSO with enhanced motion characteristics and purpose made for operation in the exposed weather conditions in the Flemish Pass basin.

“It has been a great experience over the last 8 years to be working with Equinor being a major international energy company with a vast experience in developing, building, and operating FPSOs. Salt’s contribution has been our expertise in design and shipbuilding of complex vessels for demanding operations at sea. The result is a ship shaped FPSO concept with unique design solutions.” says Egil Sandvik, CEO Salt Ship Design

In February 2022 Equinor and Salt entered a pre-FEED contract to mature and further develop the hull design in cooperation with Equinor, Topside and Turret contractors, Class, Flag and Authorities. This work will carry on until start of FEED.

The development of FPSO designs and concept studies are an important part of Salt’s business, and the being a part of the Bay du Nord FPSO development represents an important breakthrough in an interesting new segment.

Reference is made to Equinor for further information regarding the Bay du Nord project or the FPSO details.
escveritas
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Re: [Canada] Bay du Nord

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KBR Awarded Front End Engineering Design Contract for Equinor Bay du Nord FPSO Project

HOUSTON, April 3, 2023 – KBR (NYSE: KBR) announced today that its Canadian entity, KBR Industrial Canada Co., has received a Letter of Intent (LOI) from Equinor Canada for the front-end engineering design (FEED) of the topside facilities of the new Bay Du Nord floating production, storage, and offloading facility (FPSO) to be located offshore Newfoundland, Canada.

The agreement also includes an option for continuation of detailed design and procurement management services through to final completion of the FPSO. The FEED scope comes on the back of the pre-FEED engineering carried out by KBR in 2022 and will further mature the engineering and execution planning, working towards a final investment decision with first production expected to be in the late 2020s.

During the FEED engineering, KBR will continue to help Equinor develop one of the lowest carbon emitting FPSO’s in the world, using an onboard combined cycle power system and the latest technology to minimize the number of crew onboard and maximize digital solutions. All these elements will produce energy safely and securely while minimizing carbon emissions.

KBR will execute the work scope jointly with Canadian sub-contractor Hatch Ltd., an employee-owned multidisciplinary engineering, project management, and professional services firm with a local office in St. John’s, Canada, and will provide Equinor with an integrated team across Canada and London.

The Bay du Nord FPSO is a deep-water facility utilizing industry leading technology and digital solutions to ensure safe and reliable production. This award builds upon KBR’s unrivalled knowledge and expertise in this arena.

“We are excited to be a part of this significant project with Equinor,” said Jay Ibrahim, president of KBR’s Sustainable Technology Solutions business. “This win is indicative of KBR’s strategic commitment to work with clients not only to secure energy supply for the world but to do it in a safe, responsible, and sustainable way. KBR adds maximum value to clients such as Equinor, by drawing on our extensive global engineering expertise and applying the latest technology and processes to deliver extraordinary outcomes.”
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