Shell and Equinor to create Britain’s largest independent oil and gas company in joint venture
https://www.cnbc.com/2024/12/05/shell-equinor-to-create-uks-largest-independent-oil-and-gas-company.html
by cnbc_official
Shell and Equinor to create Britain’s largest independent oil and gas company in joint venture
https://www.cnbc.com/2024/12/05/shell-equinor-to-create-uks-largest-independent-oil-and-gas-company.html
by cnbc_official
1 comment
Oil major Shell and Norway’s Equinor on Thursday announced plans to combine their British offshore oil and gas assets to create a jointly owned energy company.
The joint venture will be established in Aberdeen, Scotland in an effort to sustain fossil fuel production and the security of energy supply in the U.K.
The companies plan to complete the deal by the end of next year, subject to approvals. At that time, the incorporated company is set to become the U.K. North Sea’s largest independent producer, Shell said.
It is expected the company will produce more than 140,000 barrels of oil equivalent per day in 2025.
The 50-50 joint venture is set to include Equinor’s equity interests in Mariner, Rosebank and Buzzard and Shell’s holdings in Shearwater, Penguins, Gannet, Nelson, Pierce, Jackdaw, Victory, Clair and Schiehallion.
More: [https://cnb.cx/4glbyZb](https://cnb.cx/4glbyZb)
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