# Equinor and Shell agree Bay du Nord partnership in Canada > Shell is to acquire a 30% stake; a final investment decision is targeted for early 2027. - Canonical URL: https://newsverum.com/en/news/equinor-shell-agree-bay-du-nord-partnership-canada - Publisher: Newsverum - Section: Energy - Country: Canada - Published: 2026-10-11T19:07:53+00:00 - Updated: 2026-10-11T19:07:53+00:00 - Event / data period: 2026-10-09 - Other editions: [Türkçe](https://newsverum.com/tr/news/equinor-shell-agree-bay-du-nord-partnership-canada.md), [العربية](https://newsverum.com/ar/news/equinor-shell-agree-bay-du-nord-partnership-canada.md), [Français](https://newsverum.com/fr/news/equinor-shell-agree-bay-du-nord-partnership-canada.md), [Español](https://newsverum.com/es/news/equinor-shell-agree-bay-du-nord-partnership-canada.md), [Deutsch](https://newsverum.com/de/news/equinor-shell-agree-bay-du-nord-partnership-canada.md), [Português](https://newsverum.com/pt/news/equinor-shell-agree-bay-du-nord-partnership-canada.md) Norway’s Equinor said on October 9 that it had agreed with Shell on a partnership for the Bay du Nord oil project offshore Newfoundland and Labrador, Canada. Shell will acquire a 30% interest, while Equinor will retain 70% and remain operator. The project is still completing front-end engineering and design. The companies are targeting a final investment decision in early 2027, subject to market conditions, regulatory approvals and their internal processes. Equinor lists estimated recoverable resources above 400 million barrels for the initial phase and an investment estimate of about CAD 14 billion. These are company project estimates; production has not begun. ## Data ### Estimated project investment Equinor’s stated approximate capital investment estimate for Bay du Nord’s initial phase. Methodology: The approximately CAD 14 billion figure is Equinor’s project estimate. It is not a final investment approval or expenditure already made. | label | value | unit | period | basis | value_qualifier | |---|---|---|---|---|---| | Estimated investment for initial phase | 14 | billion CAD | 2026-10-09 | estimate | approximate | Sources: · Download data: [JSON](https://newsverum.com/api/v1/articles/equinor-shell-agree-bay-du-nord-partnership-canada/data/project-investment-estimate?lang=en&format=json) · [CSV](https://newsverum.com/api/v1/articles/equinor-shell-agree-bay-du-nord-partnership-canada/data/project-investment-estimate?lang=en&format=csv) ### Partnership agreement announced Equinor said Shell would acquire a 30% interest and that it would retain 70% and remain operator. Methodology: The event, ownership stakes and project stage are from Equinor’s announcement. The investment decision is a conditional target. | date | label | description | status | |---|---|---|---| | 2026-10-09 | Partnership agreement announced | Equinor said Shell would acquire a 30% interest and that it would retain 70% and remain operator. | occurred | Sources: · Download data: [JSON](https://newsverum.com/api/v1/articles/equinor-shell-agree-bay-du-nord-partnership-canada/data/partnership-announcement?lang=en&format=json) · [CSV](https://newsverum.com/api/v1/articles/equinor-shell-agree-bay-du-nord-partnership-canada/data/partnership-announcement?lang=en&format=csv) ## Sources - [Equinor]() (Source checked: 2026-10-11; Published: 2026-10-09) --- Cite the canonical URL above. [Editorial standards and corrections](https://newsverum.com/en/editorial)