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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
Oil production • 25%
Gas production • 25%
Renewable energy projects • 25%
Infrastructure development • 25%
Northern North Sea • 25%
Central North Sea • 25%
Southern North Sea • 25%
West of Shetland • 25%
Shell • 25%
Equinor • 25%
A new partner • 25%
Equal ownership • 25%
10 billion cubic meters • 25%
11 billion cubic meters • 25%
12 billion cubic meters • 25%
More than 12 billion cubic meters • 25%
Less than 300 million barrels • 25%
300 to 350 million barrels • 25%
351 to 400 million barrels • 25%
More than 400 million barrels • 25%
Less than 5 GW • 25%
5 to 10 GW • 25%
10 to 15 GW • 25%
More than 15 GW • 25%
Less than 100,000 barrels per day increase • 25%
100,000 to 200,000 barrels per day increase • 25%
200,000 to 300,000 barrels per day increase • 25%
More than 300,000 barrels per day increase • 25%
