LONDON – BP says it has signed a deal to sell its interest in the Bay du Nord project offshore Newfoundland and Labrador to Equinor, the project’s operator.
Financial terms of the deal were not immediately available.
Bay du Nord is in the Flemish Pass Basin, about 500 kilometres offshore Newfoundland and Labrador.
BP holds interests across 10 licences associated with the project, with an average working interest of 37.2 per cent.
The deal is subject to customary conditions and approvals.
BP will continue to hold a 100 per cent interest in two exploration licences offshore Newfoundland and Labrador.
This report by The Canadian Press was first published July 6, 2026.
