Finance
Shell and Equinor name their UK joint venture Adura
Published by Global Banking & Finance Review®
Posted on June 26, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on June 26, 2025
1 min readLast updated: January 23, 2026
Shell and Equinor's joint venture, Adura, is set to become the UK's largest oil producer, increasing production significantly over five years.
LONDON (Reuters) -Shell's and Equinor's British joint venture, set to become the biggest oil and gas producer in the UK North Sea, will be named Adura, the companies said on Thursday.
The joint venture was formed in December and is expected to increase production from around 140,000 barrels of oil equivalent per day this year, comparable with UK producer Harbour, to over 200,000 boed in the next five years.
Equinor brings tax savings to Adura while Shell's larger oil and gas production offers the venture higher cash flow as it develops new fields, including the Rosebank oil project, which has become a lightning rod for climate activists in Britain.
The name is a combination of Aberdeen, the centre of Britain's oil industry, and the word durability, the companies said.
Shell and Equinor each hold 50% in Adura, which is expected to launch by the end of this year pending regulatory approvals.
(Reporting by Shadia NasrallaEditing by Mark Potter)
The joint venture is named Adura, as announced by the companies.
Adura is expected to increase production from around 140,000 barrels of oil equivalent per day to over 200,000 barrels.
Equinor brings tax savings to Adura, which will help enhance the venture's financial performance.
The name 'Adura' combines 'Aberdeen', the center of Britain's oil industry, with 'durability'.
Adura is expected to launch by the end of this year, pending regulatory approvals.
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