The Bay du Nord project is a series of oil discoveries in the Flemish Pass Basin, about 500 kilometres northeast of St. John’s, Newfoundland and Labrador. Discovered in 2013, it represents a generational opportunity for Canada’s offshore — one that could open a new deepwater basin and shape the province’s energy industry for decades to come.
With an estimated investment of around CAD 14 billion, Bay du Nord has the potential to generate significant value for governments and communities, contributing billions in revenues and thousands of jobs across construction, subsea fabrication, drilling, logistics, marine operations, maintenance, and more.
Once developed, Bay du Nord will create the foundation for future subsea tie-backs, extending activity, capability, and opportunity in the region for decades to come.
Equinor is working closely with local suppliers, contractors, and governments to align the project’s needs with Newfoundland and Labrador’s strengths – I building skills, competitiveness, and shared value across Canada’s offshore industry.
Key figures (subject to project maturation and final investment decision)
- Estimated initial investment: ~CAD 14 billion
- Estimated government revenues: ~CAD 20 billion
- Total GDP contribution: ~CAD 50 billion
- Employment: Thousands of jobs across project phases
