Penguin East is a producing conventional oil field located in shallow water in the UK and is operated by Shell U.K. The field is located in block 211/13a PENGUIN EAST AREA, with water depth of 548 feet.
Field participation details
The field is owned by Exxon Mobil and Royal Dutch Shell.
Production from Penguin East
The Penguin East conventional oil field recovered 94.80% of its total recoverable reserves, with peak production in 2004. The peak production was approximately 16.15 thousand bpd of crude oil and condensate and 48 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2026.
Remaining recoverable reserves
The field is expected to recover 3.09 Mmboe, comprised of 1.39 Mmbbl of crude oil & condensate and 10.21 bcf of natural gas reserves.
About Shell U.K
Shell U.K. Ltd (Shell U.K.) a subsidiary of Royal Dutch Shell plc, is an oil and gas company that produces and supplies 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. It also operates 33 offshore installations and one Floating Production Storage and Offtake vessel. The company caters its fuel and lubricants to businesses, motorists, aviation and shipping industries. Shell U.K. is headquartered in London, the UK.
Methodology
Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.