Posted in Canada, drilling, Offshore Energy - General, tagged Bay du Nord, Equinor, Exxon, Flemish Pass, Odfjell Hercules, Orphan basin, Persephone well, Sitka well on July 24, 2024| Leave a Comment »
Per the CNLOPB weekly activities report, Equinor spudded the important Sitka C-02 well in the Flemish Pass area on July 10, 2024. This well will help clarify the resource potential in the Bay du Nord project area with the goal of better defining development plans.
Meanwhile, operations on Exxon’s important Persephone well in the Orphan Basin have now been ongoing for 2 months. Some type of announcement by Exxon is expected after operations are completed and the well has been plugged.
Posted in Canada, Offshore Energy - General, tagged Bay du Nord, CNLOPB, Equinor, Hebron, Hibernia, Newfoundland, resource estimates, Suncor, Terra Nova on February 22, 2024| Leave a Comment »
The CNLOPB has announced contingent resources of 340 million bbls for the Cambriol discovery which would be co-developed with 2 nearby discoveries as part of Equinor’s Bay du Nord project. Per CNLOPB estimates, this brings the Bay du Nord resource total to 1.132 billion bbls. Equinor has announced that 2 exploratory wells will be spudded this summer. Positive results would further strengthen the case for Bay du Nord development.
| contingent resources per CNLOPB (million bbls) | |
| Bay du Nord | 407 |
| Cappahayden | 385 |
| Cambriol | 340 |
| project area total | 1132 |
Meanwhile, Terra Nova production is ramping up after a long hiatus for FPSO refurbishment, remarkable Hibernia has produced more than double the original resource estimate of 520 million bbls and is still producing about 60,000-70,000 bopd, and Hebron is impressively producing about 120,000 bopd on average.
There is indeed reason for optimism about North America’s only Atlantic production in what is arguably the continent’s (world’s?) most challenging operating environment.
Posted in Canada, Offshore Energy - General, tagged Bay du Nord, Canada, Equinor, FPSO, Newfoundland on April 6, 2022| Leave a Comment »
Federal Environment Minister Steven Guilbeault formally approved the Bay du Nord offshore oil megaproject Wednesday, making a decision that will infuriate environmentalists but boost the Newfoundland and Labrador economy.
CBC News
Posted in Canada, energy policy, Offshore Energy - General, tagged Andrew Fury, Bay du Nord, Equinor, Newfoundland on March 8, 2022| Leave a Comment »
A decision on the proposed Bay du Nord oil project off the coast of Newfoundland will be delayed by another 40 days, according to Federal Environment Minister Steven Guilbeault.
Ottawa’s decision for the project was set for Sunday, but was originally scheduled for Dec. 6. The 40-day delay means a decision could come by April 13.
The project has reportedly caused a division within Prime Minister Justin Trudeau’s cabinet, according to Radio-Canada, which reported in February that several Liberal ministers from Ontario, Quebec and British Columbia want to reject Bay du Nord.
CBC
The delays in Ottawa are disappointing for the following reasons:
Bud's Offshore Energy (BOE) 