Particle.news
Download on the App Store

Shell and Equinor Launch Adura, Creating the U.K.'s Largest Independent North Sea Producer

The new venture faces investment uncertainty following the government's decision to keep the windfall tax.

Overview

  • Adura is a 50/50 incorporated joint venture that combines Shell and Equinor's offshore U.K. oil and gas operations.
  • Output is projected at more than 140,000 barrels of oil equivalent per day in 2026, which Wood Mackenzie indicates would lead the basin.
  • The company assumes interests in 12 producing assets, including Mariner, Rosebank, Buzzard, Shearwater, Clair and Schiehallion.
  • Headquartered in Aberdeen, Adura employs about 1,200 people transferred from the parents, with Neil McCulloch as CEO and Nicoletta Giadrossi as chair.
  • Equinor retains cross-border fields and offshore wind holdings, while Shell keeps SEGAL-linked terminals and other onshore assets, and OEUK warns the windfall tax could stall projects and cost jobs.