All smiles: Equinor discovery in Canada almost as big as Bay du Nord

Equinor's Cappahayden oil discovery offshore eastern Canada holds 385 million barrels of recoverable oil, which is far bigger than many people expected and puts it on a par with the Norwegian major's nearby 407-million barrel Bay du Nord oil find.

Altogether, this brings to nearly 1 billion barrels the amount of recoverable oil expected to be exploited under Equinor's Bay du Nord project in the Flemish Pass basin in Newfoundland & Labrador waters.