Equinor is moving fast on its big Bay du Nord oilfield development offshore eastern Canada, selecting two companies to take part in a topsides engineering contest for a beefed-up, 200,000-barrel-per-day floating production, storage and offloading vessel.
Sources familiar with the project told Upstream that the Norwegian major is looking to accelerate the schedule for this challenging and remote deep-water project, 500 kilometres offshore in the exciting Flemish Pass basin off Newfoundland & Labrador.
After drilling two successful exploration wells near its Bay du Nord discovery last year, Equinor successfully increased its estimate of oil and gas that can be developed by subsea wells tied back to the FPSO hub.
