BW Offshore is advancing preparations for front-end engineering and design work on the floating production, storage and offloading vessel planned for Equinor’s Bay du Nord development in eastern Canada, with the FEED phase expected to begin in early 2026. The progression follows completion of the pre-FEED programme and the start of an interim phase authorised by the client.

In September, BW Offshore entered a Heads of Agreement with Equinor after being selected as the preferred bidder for the FPSO that will support what is set to become Canada’s initial deepwater offshore oil project near Newfoundland and Labrador. The current bridging phase is dedicated to deepening the technical scope and refining the commercial framework for the proposed FPSO design. Work underway includes adjustments to key elements of the concept and assessment of design options aimed at maintaining a practical and efficient configuration.

The transition to full FEED remains subject to approval by Equinor and BP. Both companies anticipate that the FEED phase will start in early 2026, with a final contract decision planned toward the end of the same year, depending on the outcomes of the engineering and commercial maturation now in progress.