Shell takes investment decision on North Sea Penguins area

Shell revealed today that it had taken a final investment decision (FID) on the redevelopment of the Penguins area in the UK North Sea.

The decision paves the way for the construction of Shell’s first new manned installation in the northern North Sea in more than 30 years.

The new floating production, storage and offloading (FPSO) vessel is expected to have a peak production of about 45,000 barrels of oil equivalent per day.

Shell confirmed US firm Flour had been awarded the construction contract for the vessel.

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