Adura is a UK-based independent upstream oil and gas company focused on exploration and production in the UK North Sea. Headquartered in Aberdeen, it holds interests across producing fields and exploration licenses on the UK Continental Shelf.
The company was formed through the combination of UK offshore oil and gas assets previously held by Shell and Equinor, consolidating established North Sea operating expertise. Its activities span field development, production operations, asset integrity, and decommissioning planning within the UK sector.
Portfolio concentrated into fewer countries, expected ~USD 20bn free cash flow 2026–2030; US, Brazil and Angola to drive growth; higher margins from high-grading and stepped-up exploration.
Adjusted operating income USD 9.77bn; adjusted net income USD 3.70bn. Record production +9% (2,313 mboe/d). Seven NCS discoveries, Raia drilling, Q1 dividend $0.39/sh, $375m buy-back tranche.
Record production and strong cash results in 2025; safety improved; adjusted operating income $27.6B; production 2,137 mboe/d; renewables +25%; emissions −34% since 2015.
50/50 joint venture becomes the UK North Sea’s largest independent producer, taking on 12 producing assets and relocating staff to Aberdeen.
Adura, led by Neil McCulloch, combines expertise to optimize UK North Sea assets, assuming interests in 12 projects and exploration licenses, headquartered in Aberdeen.
