Bay Du Nord Oil Project To Cost $16 Billion To Develop

The United States Has Approved The Bay Du Nord Oil Project Off New-found-land And Labrador’s Coast In April.

The Bay Du Nord Project Is In The Flemish Pass, Which Is About 500 Kilometres East Of St. John’s.

The Developer, Equinor, Says It Will Cost $16 Billion To Develop, Which Will Produce An Estimated 500 Million Barrels Over Several Decades.