Equinor holds 60% in the license while partner BP Canada Energy Group ULC holds 40% interest. (Source: Shutterstock)
The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) said Feb. 2 it issued significant discovery license 1060 to Equinor Canada Ltd. for its Cambriol G-92 discovery.
C-NLOPB said recoverable oil volumes from the Cambriol G-92 discovery in the Flemish Pass Basin are estimated at 340 MMbbl.
The discovery is close to the Equinor-operated Bay du Nord project, which Equinor and BP decided in May 2023 to postpone developing for up to three years. If Bay du Nord is developed, Equinor has said its nearby Cambriol and Cappahayden discoveries, in about 650 m water depth, could be tied back to it.
Equinor holds 60% in the license while partner BP Canada Energy Group ULC holds 40% interest.
Recommended Reading
IBAT CEO: Lithium Extraction in Smackover ‘Almost Child's Play’
2025-03-24 - Iris Jancik, the CEO of International Battery Metals, said the company aims to work with oil and gas companies to explore lithium extraction projects.
BKV Applies Refrac Playbook to Potential M&A Targets
2025-04-03 - BKV Corp. applies its refrac playbook—tried and true in the Barnett Shale—to potential M&A targets as it looks to gain contiguous acreage, Upstream President Eric Jacobson told Hart Energy at DUG Gas.
Exclusive: India’s Cairn to Deliver First Shale Well in Summer
2025-03-23 - India's Cairn Oil & Gas, part of Vedanta Group, plans to deliver its first shale well using U.S. shale techniques honed by oilfield service companies, in June or July.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.