The UK arms of Shell and Equinor have completed a deal to combine their UK offshore oil and gas operations to form a new company. Adura will be the largest independent producer in the UK North Sea, with an expected output of 140,000 barrels of oil equivalent per day (22,258 m3) in 2026.
Neil McCulloch, who will lead Adura as CEO, bringing more than 30 years’ experience in the energy sector, comments: ‘It’s a rare privilege to be part of a company’s first chapter. A commitment to safety, a belief in the future of the North Sea, and the combined expertise from Equinor and Shell form the foundation of our exciting new company. I can’t wait to begin working with this exceptional team.’
A 50-50 joint venture, Adura combines decades of North Sea expertise with around 1,200 employees, boosting the UK’s job market, and maximising long-term value for UK assets.
Shell’s executive vice president for Conventional Oil & Gas, Rich Howe says: ‘Forming the largest independent producer together with Equinor is an historic moment for our business and the UK energy industry. With an exceptional asset base and industry leading expertise, Adura is well-positioned to lead in this mature basin.’ According to data produced by Wood Mackenzie, Adura is expected to produce more oil and gas from the UK North Sea than any other producer in 2026.
Equinor’s executive vice president for Exploration and Production International, Philippe Mathieu, adds: ‘Adura represents a new chapter in the UK North Sea, bringing together two strong portfolios and decades of experience. With the focus, scale and operational flexibility needed to succeed, the company is positioned for long-term impact. As owners, we are confident that Adura will generate long-term value and reinforce the UK North Sea’s role in meeting the country’s energy needs.’
