Sevan Marine to build new FPSO for Shell at Penguins

Norway’s Sevan Marine will build one of its cylindrical FPSOs for Shell, who have made the final investment decision for the Penguins field redevelopment project in the UK sector of the North Sea.
Sevan Marine will also provide engineering support during the construction of the unit over three to four years.
Reese McNeel, CEO of Sevan Marine, commented: “I would like to congratulate all those who have worked so hard at Shell and Sevan Marine on making this final investment decision milestone a reality. Together with the recent start-up of the Dana Petroleum operated Western Isles FPSO in the UK and cost reductions taken, we have come a long way in turning around Sevan Marine. We look forward to fully supporting the construction of the Penguins FPSO while further developing the Sevan Marine concept and winning new projects.”
The new FPSO will be the sixth cylindrical FPSO designed by Sevan to be built.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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