OGA Approves the Redevelopment of the Penguins Custer in the Northern North Sea

Source: www.gulfoilandgas.com 1/16/2018, Location: Europe

Andy Samuel, Chief Executive of the Oil and Gas Authority has welcomed Shell’s announcement that it has made a final investment decision on the redevelopment of the Penguins oil and gas field in the UK North Sea.

He said: 'We are very pleased to approve the redevelopment of the Penguins cluster in the Northern North Sea. It’s a vote of confidence from two major global operators, Shell and Esso, in realising the significant remaining potential of an existing asset. We are expecting further high value projects to move forward to sanction this year which will help prolong UK production for many years.

The project also marks the first time that the OGA Supply Chain Action Plans will be used as part of the field development approval process ensuring collaboration through the Supply Chain to maximise value for both operator and service companies.'


Greece >>  5/6/2021 - Following recent press reports referring to the transformation of HELLENIC PETROLEUM S.A. (the “Company”), we would like to inform investors: ...
United Kingdom >>  5/5/2021 - Afentra plc, the upstream operator focused on opportunities in Africa, has been launched with a clear mandate to look at opportunities to invest in th...

United States >>  4/23/2021 - Dear Electric Reliability Council of Texas Board of Directors, Dear Public Utility Commission of Texas,
The purpose of this letter is to outlin...

United States >>  4/19/2021 - - New clean energy source for heating, electricity, transportation and manufacturing
- First pilot project underway in Utah; additional pilot pr...


United Kingdom >>  4/15/2021 - Clean Power Capital Corp. is pleased to announce that it has entered into a definite agreement to make an investment in FusionOne Energy Corp. (“Fusio...
Iran >>  4/20/2015 - Two British companies are gathering information about how to invest in Iran, managing-director of Iran Industries Investment Company said. ...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.