The new joint venture between Shell and Equinor will have its headquarters in the Silver Fin building in the heart of Aberdeen city centre, it has been revealed.
In December, the two energy giants announced they would merge their North Sea oil and gas assets to create a new company.
The new firm, with Shell and Equinor each holding a 50% stake, will take over stakes of Equinor’s Mariner, Rosebank and Buzzard fields and Shell’s Shearwater, Penguins, Gannet, Nelson, Pierce, Jackdaw, Victory, Clair and Schiehallion.
It will be the UK's largest independent producer employing 1,300 people, and it has now been revealed it will have its HQ right in Aberdeen city centre.
Announcing the news on LinkedIn, Simon Roddy, Shell UK's senior vice president upstream, said: "In December we announced our plans to create a new incorporated joint venture with Equinor. Since then I’m often asked – how are things going on the new IJV?
"So, it’s with great pleasure to share that, subject to deal completion, we have selected the Silver Fin building in Aberdeen city centre as the future headquarters for the IJV.
"This is our first visible milestone and it’s exciting to see the details start to come to life.
"From experience, I can say that Silver Fin is an excellent location offering many positives for the future company.
"And we know that bringing the future organisation together in one location will be vital to enabling collaboration, connection and flexibility as the foundations of a shared culture and way of working.
"Many of the staff who will be part of the new company are based already in Silver Fin. Others will transition to the building in line with completion of the deal (anticipated by end 2025) and operational needs.
"We look forward to sharing more updates as we continue our progress."