The Canadian government has given approval to Equinor’s Bay du Nord oil project. The field is located in Flemish Pass, approximately 500km east of St John’s, Newfoundland and Labrador.
The project’s environmental studies were conducted by the Impact Assessment Agency of Canada over the last four years.
Following approval, Equinor must comply to 137 legally binding requirements throughout Bay du Nord’s time of operation, such as net-zero greenhouse gas (GHG) emissions by 2050.
The field will be developed with a floating production, storage and offloading (FPSO) unit with a capacity of around 1MMbbl of oil and equipped with a quick connect-disconnect mooring and riser system sue to the iceberg-prone location.
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