SHELL EP OFFSHORE VENTURES LIMITED

• ◆

  4 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

1. SHELL EP OFFSHORE VENTURES LIMITED 2005-12-12 → present
2. ENTERPRISE OIL EXPLORATION LIMITED 1984-12-12 → 2005-12-12
3. ENTERPRISE OIL (FULMAR) LIMITED 1983-09-01 → 1984-12-12
4. BRITISH GAS (FULMAR) LIMITED 1982-11-26 → 1983-09-01

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Financial Statements have been prepared under the going concern basis as the Directors are satisfied that the Company has adequate resources to meet its financial commitments over the going concern period to 31 December 2026.”

Group structure

1. SHELL EP OFFSHORE VENTURES LIMITED · parent
   1. Caspı Meruerty Operating Company B V 0.4% · Netherlands

Significant events

• “On December 5, 2024, Shell and Equinor ASA, announced the combination of their UK offshore oil and gas assets and expertise to form a new company which will be the UK North Sea's biggest independent producer.”
• “The Company's loss for the financial year increased from £3 5 million profit to £116 4 million loss The decrease is mainly driven by the write off of two wells drilled in the Columbian branch in 2024, due to new risks identified and significant delay in development Development is currently on hold until 2026.”
• “On 21 January 2025 a further issue of 9,831,240 ordinary shares of £1 00 each in the capital of the Company were allotted and fully paid in cash at par value”
• “On 4 July 2025, the Company approved capital reduction, which entailed cancelling and extinguishing 532,200,000 Ordinary shares of £1 00 each in the capital of the Company The amount arising from the capital reduction in aggregate £532,2 million was subsequently credited to the profit and loss reserves”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

14

last 12 months

Capital events

5

last 24 months

Officers appointed

1

last 12 months

Officers resigned

4

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +61%

  £27,200,000 → £43,800,000

• Cash

  -64.8%

  £47,200,000 → £16,600,000

• Net assets

  -33.6%

  £333,800,000 → £221,600,000

• Employees

  —

  Not reported

• Operating profit

  -101.9%

  £10,600,000 → -£200,000

• Profit before tax

  -788.1%

  £21,800,000 → -£150,000,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers