Equinor and its partner BP Canada have made oil discoveries at the Cappahayden and Cambriol prospects offshore Newfoundland, Canada, according to a news release.
The wells, located about 500 km east of St. John’s, Newfoundland and Labrador, were drilled by the Transocean Barents semisubmersible rig this summer in the Flemish Pass Basin. Equinor said Oct. 29 the wells “have proven the presence of hydrocarbons; however, it is too early to provide specific information on volumes.
The Cappahayden and Cambriol wells have water depths of about 1,000 m and 600 m, respectively.
Holding a 60% interest, Equinor serves as operator. The company said it has also drilled a top hole at the Sitka prospect as part of its 2020 exploration campaign.
Both contracts are expected to commence in the first quarter of 2022.
The discovery marks another important step toward commercial oil development in the southeast portion of Block 58.
The discovery adds to the previous recoverable resource estimate of approximately 9 billion oil equivalent barrels.