Market
What will be the production level of the Shell-Equinor joint venture in 2025?
2
Resolution / Starting Odds
Less than 120,000 barrels per day • 25%
120,000 to 140,000 barrels per day • 25%
140,000 to 160,000 barrels per day • 25%
More than 160,000 barrels per day • 25%
Production reports from Shell, Equinor, or industry analysts
Story
Shell and Norway's Equinor Merge UK North Sea Assets to Form Largest Independent Oil and Gas Company
Dec 5, 2024, 09:10 AM
Shell Plc and Norway's Equinor ASA have agreed to combine their UK offshore oil and gas assets to form Britain's largest independent oil and gas company. The 50-50 joint venture aims to bolster domestic energy production and enhance the UK's energy security. The new entity will become the biggest independent producer in the UK North Sea, expected to produce approximately 140,000 barrels of oil equivalent per day in 2025. The joint venture will be equally owned by both companies.
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Similar markets
Gas production • 25%
Infrastructure development • 25%
Renewable energy projects • 25%
Oil production • 25%
Central North Sea • 25%
West of Shetland • 25%
Southern North Sea • 25%
Northern North Sea • 25%
124-128 bcm • 25%
120-124 bcm • 25%
Less than 120 bcm • 25%
More than 128 bcm • 25%
Equinor • 25%
Equal ownership • 25%
A new partner • 25%
Shell • 25%
BP • 25%
Other • 25%
TotalEnergies • 25%
Shell • 25%
Decrease of more than 10% • 25%
Increase of up to 10% • 25%
Increase of more than 10% • 25%
Decrease of up to 10% • 25%
Less than 5 GW • 25%
More than 15 GW • 25%
10 to 15 GW • 25%
5 to 10 GW • 25%
