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Market
Focus region for Shell and Equinor JV expansion in 2025?
2
Resolution / Starting Odds
Northern North Sea • 25%
Central North Sea • 25%
Southern North Sea • 25%
West of Shetland • 25%
Official strategic announcements from the joint venture
Story
Shell and Equinor Form 50-50 UK North Sea Joint Venture to Create Largest Independent Oil and Gas Producer
Dec 5, 2024, 07:51 AM
Shell Plc and Equinor ASA are combining their UK offshore oil and gas assets into a new 50%-50% joint venture, forming the largest independent oil and gas producer in the UK North Sea. The joint venture aims to bolster domestic production and ensure energy security in the UK and is expected to produce approximately 140,000 barrels of oil equivalent per day in 2025.
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No acquisitions • 25%
Acquisition of small assets • 25%
Acquisition of medium assets • 25%
Acquisition of large assets • 25%
Current leadership remains • 25%
New CEO appointed from Shell • 25%
New CEO appointed from Equinor • 25%
External CEO appointed • 25%
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Less than 120,000 barrels per day • 25%
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140,000 to 160,000 barrels per day • 25%
More than 160,000 barrels per day • 25%
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North America • 25%
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Africa • 25%
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