News | August 14, 2023

Energy NL CEO Statement Regarding Equinor Exploration Program

Energy NL CEO Charlene Johnson released the following statement in response to the Equinor announcement today of an offshore exploration program planned for 2024.

“The announcement by Equinor today that they will operate an exploration program of the Sitka prospect using the Hercules semi-submersible rig in 2024 is an important and exciting one for Energy NL members and the Newfoundland and Labrador energy sector; it demonstrates a commitment to the region and the Bay du Nord project. It also demonstrates confidence in the supply and service sector to work with the company on an important exploration campaign.

“Over the last several months, Energy NL has had encouraging dialogue with Equinor and I remain firm in my belief that the Bay du Nord project will proceed. As we navigate the energy evolution, the lower carbon oil produced offshore Newfoundland and Labrador will be a valued commodity, and as one of the lowest carbon projects in the world, Bay du Nord will have a significant role to play in meeting global energy demand.

“I look forward to this exploration program commencing and further demonstrating the value of the Bay du Nord project and the Newfoundland and Labrador offshore, as well as the leading role Energy NL members will play in the success of the exploration program and the overall project.”

Energy NL represents approximately 500 member organizations worldwide which are involved in the energy sector. Members are active in all areas of the supply and service sector and include a diverse representation of businesses that range from offshore supply vessels and helicopters, carbon reduction and sustainable technologies, health and safety equipment and training, engineering solutions and fabricators to law firms and human resource agencies.

About Energy NL
Energy NL was founded in 1977 to represent the supply and service sector of the energy industry. Today Energy NL represents over 460 member organizations worldwide which are involved in, or benefit from, the energy industry of Newfoundland and Labrador.

Source: Energy NL