Equinor Awards Pre-FEED Contracts for Bay du Nord FPSO in Canada
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Equinor has awarded pre-FEED contracts for the Bay du Nord FPSO project in Canada, which involves several offshore oil discoveries in the Flemish Pass basin. The first discovery was made by Equinor in 2013.
January 24, 2025 | 2:15 pm
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Equinor has advanced its Bay du Nord project by awarding pre-FEED contracts, indicating progress in its offshore oil exploration in Canada.
The awarding of pre-FEED contracts signifies a step forward in the Bay du Nord project, which could enhance Equinor's future oil production capabilities. This progress is likely to be viewed positively by investors, potentially leading to a short-term increase in EQNR's stock price.
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