In an announcement despatched to Rigzone this week, Shell introduced that it has restarted manufacturing on the Penguins subject within the UK North Sea with a contemporary floating, manufacturing, storage, and offloading (FPSO) facility.
The Penguins FPSO was constructed by Sevan and is the primary new Shell-operated facility within the UK North Sea for over 20 years, Shell famous within the assertion.
The earlier export route for the Penguins subject was through the Brent Charlie platform, Shell highlighted within the assertion, including that this ceased manufacturing in 2021 and is being decommissioned. The corporate stated the brand new FPSO may have round 30 p.c decrease operational emissions in contrast with Brent Charlie and famous that it’s anticipated to increase the lifetime of the sector “by as much as 20 years”.
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The redevelopment of the Penguins subject has concerned drilling further wells, that are tied again to the brand new FPSO, Shell stated within the assertion. The sphere is in 541 ft of water depth, round 150 miles north-east of the Shetland Islands, the corporate highlighted, including that it was found in 1974 and beforehand produced oil and fuel between 2003 and 2021.
Peak manufacturing is estimated at round 45,000 barrels of oil equal per day, Shell famous within the assertion. The corporate identified that the sector at present has an estimated found recoverable useful resource quantity of roughly 100 million barrels of oil equal.
The Penguins FPSO is operated by Shell plc subsidiary Shell U.Ok. Restricted, the assertion highlighted. Shell has a 50 p.c operated stake in Penguins, with NEO Vitality holding the opposite 50 p.c curiosity, the discharge identified.
In an announcement posted on its website in December final yr, Shell introduced that Shell U.Ok. Restricted and Equinor UK Ltd, a subsidiary of Equinor ASA, will “mix their UK offshore oil and fuel property and experience to kind a brand new firm which would be the UK North Sea’s largest impartial producer”.
On deal completion, the brand new impartial producer might be collectively owned by Equinor and Shell, that assertion famous, outlining that every firm will maintain a 50 p.c curiosity. Shell’s Penguins assertion outlined that this three way partnership “will tackle Shell’s fairness pursuits in Penguins”.
In its Penguins assertion, Shell famous that, on its Capital Market Day in 2023, the corporate “dedicated to ship upstream and built-in fuel tasks approaching stream between 2023 to 2025 with a complete peak manufacturing of better than 500,000 barrels of oil equal per day”. Shell identified in its assertion that “Penguins is anticipated to contribute to this dedication”.
Final month, in a launch posted on its web site, Shell introduced that manufacturing had began on the Shell-operated Whale floating manufacturing facility within the Gulf of Mexico.
“With an estimated peak manufacturing of 100,000 barrels of oil equal per day, Whale at present has an estimated recoverable useful resource quantity of 480 million barrels of oil equal,” Shell famous in that launch.
Shell Offshore Inc has a 60 p.c operated curiosity within the Whale growth and Chevron U.S.A. Inc holds the remaining 40 p.c stake, Shell highlighted in that launch.
In a launch posted on its website in July final yr, Shell stated the operator of the Jerun subject in Malaysia had introduced that first fuel had been achieved.
Jerun is operated by SapuraOMV Upstream, with a 40 p.c stake, in partnership with Sarawak Shell Berhad and PETRONAS Carigali Sdn Bhd, which every have a 30 p.c curiosity, that launch identified.
“The Jerun platform is designed to provide as much as 550 million cubic ft of fuel per day, with condensate manufacturing of 15,000 barrels per day throughout peak manufacturing,” Shell stated within the launch.
To contact the creator, e mail andreas.exarheas@rigzone.com
