After Shell announced its decision for the redevelopment of the Penguins field, it has now ordered a floating production, storage and offloading (FPSO) vessel for the project.
This project will include the construction of a floating production, storage and offloading (FPSO) vessel, the first new manned installation for Shell in the northern North Sea in 30 years.
The FPSO is expected to have a peak production (100%) of circa 45,000 boe/d. Sevan Marine will also continue to provide engineering support during the construction of the unit over the next 3 to 4 years.
“We look forward to fully supporting the construction of the Penguins FPSO while further developing the Sevan Marine concept and winning new projects,” says Reese McNeel, CEO of Sevan Marine ASA.
A joint venture-owned/Shell-operated Sevan 400 FPSO has been chosen for the development of the field. Tanker will transport oil to refineries and gas will be transported via the FLAGS pipeline to the St. Fergus gas terminal in north-east Scotland.
Once the field is redeveloped, it will see an additional eight wells drilled, which will be tied back to the new FPSO vessel.
