We’re an active player in Canada – one of the most resource-rich countries in the world. Equinor’s East Coast Canada assets are a high priority within our global portfolio. Equinor operates numerous discoveries in the Flemish Pass basin and is a partner in two developments in the Jeanne d’Arc basin offshore the province of Newfoundland and Labrador.
How to find us in Canada
St John's
Steers Cove
NL A1C 6J5, St. John’s
Canada
Tel: +1 709-726-9091
We are active in some of the most exciting energy resource areas in Canada, operating interests in several exploration, development and production licenses offshore Newfoundland where we are applying deep water development lessons learned from our work on the Norwegian Continental Shelf.
Equinor has made oil discoveries in the Flemish Pass offshore Newfoundland, including the Bay du Nord discovery, and work is ongoing to assess options for developing Bay du Nord. Equinor is the operator of Bay du Nord and holds a 65% working interest. For more information on Bay du Nord, see the link below.
Equinor is active in the Jeanne d’Arc basin offshore Newfoundland with partner-operated producing fields Hebron and Hibernia.
We have been present offshore Newfoundland and Labrador since 1996, when Norsk Hydro first acquired assets. Through our operating and partner fields, we are making significant investments in Canada’s offshore industry. Our ambition is to become an operator offshore East Coast Canada.
We have strengthened our long-term position in the Canadian offshore by acquiring exploration licenses in the Flemish Pass Basin in 2015 and the Jeanne d’Arc Basin in 2018, where we will apply the exploration knowledge and experience we have gained globally and in the North Atlantic specifically.
The growth of our portfolio offshore Newfoundland supports the company’s long-term position in the Canadian offshore.
Offshore Newfoundland is known to have a harsh environment for petroleum operations, with seasonal icebergs, wind and waves as well as deep water depths. With our vast experience as an operator in the Norwegian Continental Shelf and as a partner in established developments offshore Newfoundland, we are well-equipped to deal with these challenges.
The continued appraisal and maturation of our Bay du Nord discovery highlights the progress we are making in potential field development.
Offshore production in Newfoundland equals approximately 40% of Canada’s light crude production. Newfoundland and Labrador’s offshore resource potential are estimated at more than six billion barrels of oil.
Equinor is operator of a number of discoveries offshore Newfoundland in the Flemish pass basin:
The discoveries are in a water depth of about 1,100 meters, located within 10 to 20 kilometers of each other, and about 500 kms offshore from St. John’s, the capital city of Newfoundland and Labrador. bp is a 35% partner in the first five discoveries, while Equinor retains the other 65%. At the 2020 Cappahayden and Cambriol discoveries, Equinor holds 60% interest, while bp holds 40%. With the discovery of Bay du Nord, Newfoundland became a core area in our exploration portfolio.
The geology of the Flemish Pass Basin is very encouraging. The reservoir offers excellent Jurassic reservoirs with high porosity, high permeability and mature source rocks. The geology is very similar to what we experience in the NCS and the discoveries at Bay du Nord and Harpoon offer light, high-quality crude oil.
We have operated a number of exploration programs offshore Newfoundland since 2007.
Equinor also holds working interests in the following projects:
The Hibernia oil field has proven and probable field reserves totaling about 1.6 billion barrels of recoverable crude oil, making it the province's largest producing field to date.
The Hebron oil field started producing in November 2017 and is the second largest field in production offshore Newfoundland. The field is expected to produce 731 million barrels of recoverable oil in its lifetime.
We have a strong commitment to local investment in Canada and we aim to put local communities first in everything we do. We believe that bringing long-term value to local communities is important to the sustainability of our business and to the economic prosperity of the region.
We work to maintain the strong relationships we have built by aligning our business activities and investing in areas that promote local involvement in our operations.
Sustainability is no longer just about doing business responsibly – it’s also about seeing social and sustainability challenges as opportunities for innovation and development. We strive to create shared value opportunities by working closely with communities and aligning our business activities so that we can proactively and effectively create local value. We use a model of collaboration and partnership to address challenges and create value for local communities and for our business. This approach is integrated into our corporate social responsibility practices and guides our local content and social investment considerations. We promote social sustainability through a number of areas, including involvement in our tendering process to promote local sourcing, through social investment programs, as well as through strategic multi-organization partnerships and initiatives.
Offshore Newfoundland and Labrador, we have a Benefits Plan in place in which we have made a commitment to providing opportunities to Canada and, in particular Newfoundland and Labrador. This means that personnel and companies from Newfoundland and Labrador and Canada will have full and fair opportunity to compete for the supply of goods and services, research and development, and employment vacancies—with first consideration going to the province.
Equinor is a supporter of local communities and youth talent development in Canada through sponsorship pillars covering arts and culture, sports and STEM (Science, Technology, Education and Mathematics). Currently, Equinor is the proud sponsor of the following programs and events:
In accordance with Canadian regulatory requirements, Equinor Canada Ltd. has published the following report for Extractive Sector Transparency Measures Act (ESTMA).