Penguins Oil and Gas Redevelopment Project
Penguins is an offshore oil and gas project in the UK North Sea, planned to be redeveloped using a new floating, production, storage and offloading (FPSO) vessel.
Shell and ExxonMobil jointly own the project with equal stakeholding.
Shell announced a final investment decision (FID) on the redevelopment of Penguins field in January 2018.
The redevelopment project is expected to have an average peak production of 45,000 barrels of oil equivalent per day (boe/d).
Project Gallery
Location and site details
Penguins field is located offshore around 150miles (240km) north-east of the Shetland Islands in Scotland.
The redevelopment location lies within a seaward licenced area approved for the exploration and extraction of hydrocarbons. It is adjacent to Norwegian/UK median line.
Water depth at the location ranges between 152m and 301m. READ MORE…