Penguins Redevelopment is a conventional oil development located in shallow water in the UK and is operated by Shell U.K. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Penguins Redevelopment was discovered in 1974, lies in block 211/13a PENGUIN EAST AREA and 211/13a PENGUIN WEST AREA, with water depth of around 1,005 feet. Buy the profile here.
The project is currently in commissioning stage and is expected to start commercial production in 2023. Final investment decision (FID) of the project was approved in 2018. The development cost is expected to be $1,000 m. The Penguins Redevelopment conventional oil development will involve the drilling of approximately eight wells and includes FPSO, subsea manifold, and subsea trees.
Field participation details
The field is owned by Neo Energy Group and Shell.
Production from Penguins Redevelopment
Production from the Penguins Redevelopment conventional oil development project is expected to begin in 2023 and is forecast to peak in 2024, Based on economic assumptions, the production will continue until the field reaches its economic limit in 2038.
Contractors involved in the Penguins Redevelopment conventional oil field
Some of the key contractors involved in the Penguins Redevelopment project as follows.
Main EPC: Subsea 7
EPC Contractors: Magnora and Fluor
Other Contractors: Magnora, Aibel, Det Norske Veritas Holding, Fuglesangs and GMC Inspection Services
About Shell U.K
Shell U.K. Ltd (Shell U.K.) a subsidiary of Royal Dutch Shell plc, is an oil and gas company. It offers crude oil and natural gas, and petroleum products. The company offers fuels, lubricants, bitumen and chemicals. It operates through upstream, downstream, and projects and technology business. Shell U.K. owns and operates gas pipeline systems and terminals to distribute natural gas liquids. The company's trading business trades crude oil, refined products, natural gas, electrical power, chemical feedstock and environmental products, such as CO2 allowances. The company caters its fuel and lubricants to businesses, motorists, aviation and shipping industries. Shell U.K. is headquartered in London, the UK.
For more details on the Penguins Redevelopment Conventional Oil Field, buy the profile here.