Shell and Equinor Form Adura, UK's Largest North Sea Producer

Shell and Equinor have created Adura, a 50:50 joint venture, the largest independent producer in the UK North Sea. The deal combines their operations, managing a portfolio of 12 producing fields and major projects, with a projected 2026 output of 140,000 boe/d. The move aims to enhance efficiency, drive down costs, and maintain exposure to UK liquids and gas production.