{"version":"1","article":{"id":"equinor-shell-bay-du-nord-farmout-2026","slug":"equinor-shell-bay-du-nord-farmout-2026","language":"en","url":"https://haberpaper.com/en/news/equinor-shell-bay-du-nord-farmout-2026","api_url":"https://haberpaper.com/api/v1/articles/equinor-shell-bay-du-nord-farmout-2026?lang=en","title":"Equinor agrees to sell Shell a 30% interest in Bay du Nord","summary":"Equinor said on 9 October that Shell would acquire a 30% interest in Bay du Nord offshore Canada. Equinor will retain 70% and remain operator. The project remains in engineering and evaluation, with a final investment decision targeted for early 2027.","category":"energy","region":"world","topics":[],"published_at":"2026-10-10T15:42:15+03:00","modified_at":"2026-10-10T15:42:15+03:00","publication_basis":"publication-record","event_period":"2026-10-09","event_period_basis":"event-or-reference-period","sources":[{"name":"Equinor — Equinor and Shell partner on the Bay du Nord project","url":"https://www.equinor.com/news/20261009-equinor-and-shell-partner-on-bay-du-nord","publishedAt":"2026-10-09","checkedAt":"2026-10-10"}],"translations":[{"language":"tr","url":"https://haberpaper.com/tr/news/equinor-shell-bay-du-nord-farmout-2026","api_url":"https://haberpaper.com/api/v1/articles/equinor-shell-bay-du-nord-farmout-2026?lang=tr"},{"language":"en","url":"https://haberpaper.com/en/news/equinor-shell-bay-du-nord-farmout-2026","api_url":"https://haberpaper.com/api/v1/articles/equinor-shell-bay-du-nord-farmout-2026?lang=en"},{"language":"ar","url":"https://haberpaper.com/ar/news/equinor-shell-bay-du-nord-farmout-2026","api_url":"https://haberpaper.com/api/v1/articles/equinor-shell-bay-du-nord-farmout-2026?lang=ar"},{"language":"fr","url":"https://haberpaper.com/fr/news/equinor-shell-bay-du-nord-farmout-2026","api_url":"https://haberpaper.com/api/v1/articles/equinor-shell-bay-du-nord-farmout-2026?lang=fr"},{"language":"es","url":"https://haberpaper.com/es/news/equinor-shell-bay-du-nord-farmout-2026","api_url":"https://haberpaper.com/api/v1/articles/equinor-shell-bay-du-nord-farmout-2026?lang=es"}],"data_types":["metrics"],"data":{"version":1,"blocks":[{"id":"equinor-shell-bay-du-nord-farmout-2026","type":"metrics","title":{"tr":"Equinor, Bay du Nord projesinin yüzde 30’unu Shell’e devredecek","en":"Equinor agrees to sell Shell a 30% interest in Bay du Nord","ar":"إكوينور تتفق مع شل على حصة 30% في مشروع باي دو نورد","fr":"Equinor accepte de céder à Shell 30 % de Bay du Nord","es":"Equinor acuerda ceder a Shell una participación del 30 % en Bay du Nord"},"description":{"tr":"Equinor, Shell’in Kanada açıklarındaki Bay du Nord projesinde yüzde 30 pay alacağını açıkladı. Equinor yüzde 70 payı ve operatörlüğü koruyacak; yatırım kararı 2027 başı için hedefleniyor.","en":"Equinor said on 9 October that Shell would acquire a 30% interest in Bay du Nord offshore Canada. Equinor will retain 70% and remain operator. The project remains in engineering and evaluation, with a final investment decision targeted for early 2027.","ar":"أعلنت إكوينور في 9 أكتوبر أن شل ستستحوذ على حصة 30% في باي دو نورد قبالة كندا. وستحتفظ إكوينور بحصة 70% وتبقى المشغل. ولا يزال المشروع في مرحلة الهندسة والتقييم، مع استهداف قرار الاستثمار النهائي في أوائل 2027.","fr":"Equinor a annoncé le 9 octobre que Shell prendrait une participation de 30 % dans Bay du Nord, au large du Canada. Equinor conservera 70 % et restera opérateur. Le projet demeure en ingénierie et en évaluation, avec une décision finale d’investissement visée pour début 2027.","es":"Equinor comunicó el 9 de octubre que Shell adquiriría un 30 % de Bay du Nord, frente a Canadá. Equinor conservará el 70 % y seguirá como operador. El proyecto continúa en ingeniería y evaluación, con una decisión final de inversión prevista para comienzos de 2027."},"methodology":{"tr":"Anlaşmada öngörülen paylar hedef niteliğindedir; yatırım tutarı şirket tahminidir.","en":"The announced interests are conditional on completion; investment is a company estimate.","ar":"نسب الملكية المعلنة مرتبطة بإتمام الصفقة، والاستثمار تقدير للشركة.","fr":"Les parts annoncées restent conditionnelles à la clôture ; l’investissement est une estimation de l’entreprise.","es":"Las participaciones anunciadas dependen del cierre; la inversión es una estimación empresarial."},"sourceUrls":["https://www.equinor.com/news/20261009-equinor-and-shell-partner-on-bay-du-nord"],"updatedAt":"2026-10-10T12:05:31Z","items":[{"label":{"tr":"Anlaşmada Shell için öngörülen pay","en":"Shell interest under signed agreement","ar":"حصة شل وفق الاتفاق الموقع","fr":"Part de Shell selon l’accord signé","es":"Participación de Shell según el acuerdo firmado"},"value":30,"unit":"percent","period":"2026-10-09","basis":"target","measure":{"id":"bay-du-nord-shell-interest","unitCode":"percent","geography":"canada","frequency":"irregular","aggregation":"rate","periodRole":"reference-period"}},{"label":{"tr":"Equinor’un koruyacağı pay","en":"Equinor interest to be retained","ar":"الحصة التي ستحتفظ بها إكوينور","fr":"Part conservée par Equinor","es":"Participación que conservará Equinor"},"value":70,"unit":"percent","period":"2026-10-09","basis":"target","measure":{"id":"bay-du-nord-equinor-interest","unitCode":"percent","geography":"canada","frequency":"irregular","aggregation":"rate","periodRole":"reference-period"}},{"label":{"tr":"İlk aşama yatırım tahmini","en":"Initial-phase investment estimate","ar":"تقدير استثمار المرحلة الأولية","fr":"Investissement estimé pour la phase initiale","es":"Estimación de inversión de la fase inicial"},"value":14,"unit":"billion CAD","period":"2026-10-09","basis":"estimate","measure":{"id":"bay-du-nord-investment-estimate","unitCode":"billion-cad","geography":"canada","frequency":"irregular","aggregation":"flow","periodRole":"reference-period"}}]}]},"data_compilations":[{"id":"equinor-shell-bay-du-nord-farmout-2026","creator":{"@type":"Organization","@id":"https://haberpaper.com/#organization","name":"Haber Paper","url":"https://haberpaper.com/"},"license":{"@type":"CreativeWork","@id":"https://haberpaper.com/en/data-terms/v1#license","name":"Haber Paper Original Data Compilation License 1.0","url":"https://haberpaper.com/en/data-terms/v1"},"rights_scope":"Haber Paper original data arrangement, labels and methodology notes only; underlying source rights and permissions remain separate.","source_license_url":null}],"data_downloads":[{"id":"equinor-shell-bay-du-nord-farmout-2026","formats":{"json":"https://haberpaper.com/api/v1/articles/equinor-shell-bay-du-nord-farmout-2026/data/equinor-shell-bay-du-nord-farmout-2026?lang=en&format=json","csv":"https://haberpaper.com/api/v1/articles/equinor-shell-bay-du-nord-farmout-2026/data/equinor-shell-bay-du-nord-farmout-2026?lang=en&format=csv"}}],"content":{"paragraphs":["Equinor and Shell signed an agreement under which Shell will acquire a 30% interest in the Bay du Nord project offshore Newfoundland and Labrador, Canada. Equinor will retain 70% and remain operator. The 9 October announcement describes a transfer of interest and a sharing of development risk, not a construction decision. The companies said they would continue maturing the project before deciding whether to commit the investment required to build it.","Bay du Nord is in the Flemish Pass basin, about 500 kilometres offshore from St. John’s. The concept uses a floating production, storage and offloading vessel connected to subsea developments. Water depths in the project area are stated at approximately 600 to 1,170 metres. The initial phase includes the Bay du Nord and Cambriol discoveries, while other nearby discoveries are identified as possible future tie-backs rather than confirmed parts of the initial development.","Equinor describes more than 400 million barrels of estimated recoverable resources for the initial phase and an investment estimate of about CAD 14 billion. These remain company estimates. They are not a final investment decision, a financing contract or spending already incurred at the stated level. The release says the investment decision depends on market conditions, regulatory approvals and each company’s internal decision processes.","The project was completing front-end engineering and design (FEED) when the announcement was made. The work described includes capital efficiency, execution planning and overall project robustness. A final investment decision is targeted for early 2027, and first oil is expected in 2031 in the project facts. Those are stated targets and expectations; they may change and do not mean construction has been approved or begun.","Equinor framed the transaction as part of portfolio management and risk sharing in large-scale developments. Shell’s entry would give it a 30% interest and leave Equinor with 70%. The transfer must complete applicable steps before closing. Bay du Nord is located in Canada, so its site, regulatory approvals and schedule are governed by Canadian processes even though Equinor is a Norwegian company."],"key_points":[],"sections":[]},"text":"Equinor said on 9 October that Shell would acquire a 30% interest in Bay du Nord offshore Canada. Equinor will retain 70% and remain operator. The project remains in engineering and evaluation, with a final investment decision targeted for early 2027.\n\nEquinor and Shell signed an agreement under which Shell will acquire a 30% interest in the Bay du Nord project offshore Newfoundland and Labrador, Canada. Equinor will retain 70% and remain operator. The 9 October announcement describes a transfer of interest and a sharing of development risk, not a construction decision. The companies said they would continue maturing the project before deciding whether to commit the investment required to build it.\n\nBay du Nord is in the Flemish Pass basin, about 500 kilometres offshore from St. John’s. The concept uses a floating production, storage and offloading vessel connected to subsea developments. Water depths in the project area are stated at approximately 600 to 1,170 metres. The initial phase includes the Bay du Nord and Cambriol discoveries, while other nearby discoveries are identified as possible future tie-backs rather than confirmed parts of the initial development.\n\nEquinor describes more than 400 million barrels of estimated recoverable resources for the initial phase and an investment estimate of about CAD 14 billion. These remain company estimates. They are not a final investment decision, a financing contract or spending already incurred at the stated level. The release says the investment decision depends on market conditions, regulatory approvals and each company’s internal decision processes.\n\nThe project was completing front-end engineering and design (FEED) when the announcement was made. The work described includes capital efficiency, execution planning and overall project robustness. A final investment decision is targeted for early 2027, and first oil is expected in 2031 in the project facts. Those are stated targets and expectations; they may change and do not mean construction has been approved or begun.\n\nEquinor framed the transaction as part of portfolio management and risk sharing in large-scale developments. Shell’s entry would give it a 30% interest and leave Equinor with 70%. The transfer must complete applicable steps before closing. Bay du Nord is located in Canada, so its site, regulatory approvals and schedule are governed by Canadian processes even though Equinor is a Norwegian company.","corrections":[],"editorial_illustration":{"kind":"symbolic-editorial-illustration","documentary":false,"scope":"section","asset_id":"energy","url":"https://haberpaper.com/assets/illustrations/energy-1536.webp","width":1536,"height":1024,"alt":"Symbolic energy landscape with solar panels, wind turbines and transmission lines.","language":"en"},"section_illustration":{"kind":"symbolic-editorial-illustration","documentary":false,"scope":"section","asset_id":"energy","url":"https://haberpaper.com/assets/illustrations/energy-1536.webp","width":1536,"height":1024,"alt":"Symbolic energy landscape with solar panels, wind turbines and transmission lines.","language":"en"}}}