Fetching News Details

Equinor’s $5.2b Deepwater oil project
July 27, 2018
Source: Oil Price

Equinor’s $5.2b Deepwater oil project

Norwegian oil giant, Equinor has entered into an agreement with Canadian provinces for $5.2b to carry out a deepwater oil project offshore Canada’s east coast. The provinces of Newfoundland and Labrador are acquiring a 10% equity stake in the Bay du Nord project, expected to possess over 300 million barrels of high-quality crude oil. The project is estimated to generate $10.7b in economic activity and $2.7b in government revenues.

   Read More About : Canada Deepwater Equinor Offshore UPSTREAM
⬅ all news

Please Login to Save News for Later