Top Qs
Timeline
Chat
Perspective
Bay du Nord oil field
From Wikipedia, the free encyclopedia
Remove ads
The Bay du Nord oil field is located 500 kilometres (310 mi) northeast of St. John's, Newfoundland, Canada.[1] The offshore development is owned by Equinor.
History
The property was discovered in 2013.[2]
On 6 April 2022, Equinor's project was approved under Section 54 of the Canadian Environmental Assessment Act, 2012 by the Federal government of Canada. Environment Minister Steven Guilbeault faced stiff opposition in cabinet but won the day. The project will use an FPSO vessel.[3]
On 14 June 2023, the project's development was shelved,[4][5] for up to three years.[6] That year, it was worth $16 billion.[7]
On 22 January 2024, the project was restarted.[8]
Remove ads
References
Wikiwand - on
Seamless Wikipedia browsing. On steroids.
Remove ads