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November 23, 2021updated 28 Apr 2022 5:49am

Penguins Redevelopment Conventional Oil Field, UK

By Carmen

Penguins Redevelopment is a conventional oil development located in shallow water in the UK and is operated by Shell U.K. Discovered in 1974, Penguins Redevelopment lies in block 211/13a PENGUIN EAST AREA and 211/13a PENGUIN WEST AREA, with water depth of around 1,005 feet.

The project is currently in construction 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, to approximately 35,500 bpd of crude oil and condensate and 53 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2038.


Remaining recoverable reserves

The field is expected to recover 86.95 Mmboe, comprised of 69.56 Mmbbl of crude oil & condensate and 104.33 bcf of natural gas reserves.


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: Fluor and Magnora

Other Contractors: Det Norske Veritas Holding, Fuglesangs, GMC Inspection Services, Magnora and Matre Maskin

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.

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