Coming into view: Yards primed for Bay du Nord FPSO bid battle

Equinor is set to issue bid documents early next year to yards battling to build the hull of a floating production, storage and offloading vessel for its $9.4 billion Bay du Nord project offshore Canada.

Located offshore Newfoundland & Labrador, Bay du Nord will be tapped by multiple subsea wells tied back to a newbuild FPSO likely to handle about 200,000 barrels per day of oil, with first production targeted for 2028 or 2029.

Last year, Equinor was about to select the preferred contractors to build the FPSO hull, topsides and subsea hardware, but stalled its decision-making process after making two nearby oil discoveries which meant a bigger FPSO was needed.