Market
Shell and Equinor JV announce major UK North Sea discovery by end of 2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official press releases from Shell, Equinor, or 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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Similar markets
No • 50%
Yes • 50%
Acquisition of small assets • 25%
No acquisitions • 25%
Acquisition of large assets • 25%
Acquisition of medium assets • 25%
External CEO appointed • 25%
New CEO appointed from Equinor • 25%
New CEO appointed from Shell • 25%
Current leadership remains • 25%
140,000 to 160,000 barrels per day • 25%
Less than 120,000 barrels per day • 25%
120,000 to 140,000 barrels per day • 25%
More than 160,000 barrels per day • 25%
TotalEnergies • 25%
Other • 25%
Shell • 25%
BP • 25%
No • 50%
Yes • 50%
No significant discovery • 34%
Moderate discovery • 33%
Large discovery • 33%