Oil Discoveries in Province’s Offshore

There has been an oil discovery off the coast of Newfoundland.

The discovery is located in the Flemish Pass.

Equinor and its partner BP have made oil discoveries at the Cappahayden and Cambriol prospects, which were drilled this past summer by the Transocean Barents.

Also, the CNLOPB issued a significant discovery licence to Equinor based on the Harpoon O-85 exploration well.

The two discoveries Equinor announced today along with the Harpoon significant discovery will potentially accelerate the development of the Bay du Nord project and bodes well for Newfoundland and Labrador’s offshore future.