Exciting News for the Bay du Nord Project!

In a groundbreaking move for the Bay du Nord project, Equinor Canada has officially named Norwegian company BW Offshore as the preferred bidder for its Floating Production, Storage and Offloading (FPSO) unit.

What This Means for Offshore Production

The agreement, known as a Head of Agreement (HoA), paves the way for continued collaboration between BW Offshore and Equinor, focusing on the technical and commercial details of the FPSO. This innovative vessel is specifically designed to thrive in harsh sub-Arctic conditions, aiming to enhance oil production capabilities.

An FPSO Fit for the Future

Set to support an impressive production of up to 160,000 barrels of oil per day, this FPSO is not just about immediate gains. Equipped with a disconnectable turret system, it offers flexibility in operations. Additionally, the design incorporates advanced technology aimed at reducing emissions, showcasing a commitment to sustainability in offshore oil production.

Planning for Long-term Success

With a focus on future tiebacks, the FPSO will ensure that the Bay du Nord project remains viable and adaptable in the long run. This strategic partnership marks a significant step forward in harnessing the untapped potential of Canada's offshore oil reserves.