Heat oil in a Dutch oven. Once hot, saute the shrimp 2 minutes per side. Remove from the Dutch oven and cover to keep warm.
To the Dutch oven, add the butter, onion, celery, and carrots. Saute for 5 minutes, stirring as needed.
Add the garlic and stir for 1 minute. Then add the flour, tomato sauce, and stir until combined.
Now pour in the broth and stir. Cook for about 10 minutes. Using an immersion blender, blend the ingredients until they are pureed.
Finely chop the shrimp and add to the Dutch oven.
Add the salt, pepper, and paprika, and stir.
Add the heavy whipping cream and cook until the bisque comes to a soft boil.
Serve and enjoy, friends.