Shell & Equinor Form New UK Offshore Giant
Update: 2025-12-02
Description
Shell and Equinor merge offshore operations in UK, forming Adura, a 50-50 joint venture. Neil McCulloch leads the new company, managing twelve producing fields and major projects, employing 1200 staff. Adura aims to produce over 140,000 barrels of oil equivalent per day by 2026, becoming the top producer in the basin. This move allows Shell to lower operating costs and focus efforts, while Equinor emphasizes the benefits of scale and operational flexibility.
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