Equinor and Shell Complete Joint Venture Deal to Form Adura, UK North Sea's Largest Independent Producer

Equinor and Shell have completed a deal to form Adura, a new joint venture that will become the UK North Sea's largest independent producer. Adura will operate a cost-competitive portfolio of 12 producing fields and projects under development, including Mariner, Rosebank, and Shearwater. The entity is a 50/50 joint venture and is headquartered in Aberdeen. The deal aims to maximize long-term value from UK assets.