What is the Bay du Nord project?

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.

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 the Bay du Nord project produce the lowest-carbon oil in Canada?

Equinor spokesman Alex Collins said the Bay du Nord project “has the potential to produce the lowest-carbon oil in the country.” “Equinor is pleased with the strong support that the Bay du Nord project has received from stakeholders across the province and Canada,” she said.

Is Hercules planning a Bay du Nord oil project?

The company said in May it was pausing its plans to develop the Bay du Nord offshore oil project in the same area, casting a pall over the future of oil and gas in the province. The Hercules semi-submersible rig will begin exploring the Flemish Pass Basin, about 500 kilometres east of St. John's, next year.