Par boil potatoes. Cut potatoes into small cubes, and place in a microwave-safe bowl. Cover with water and cook on high for 3 minutes. Potatoes are done when easily pierced with fork. Once par boiled, drain potatoes and set aside.
In a large, deep skillet, add butter and olive oil and cook over medium heat until butter melted.
Add peppers, celery and shallot, season with salt and pepper and cook, stirring occasionally until slightly softened, about 5 minutes.
Add old bay, dried thyme, and minced garlic and cook over medium heat until just fragrant, about 1 minute.
Gradually whisk or stir in flour until fully incorporated and then cook 2 minutes, stirring frequently.
Next, over medium heat, slowly whisk in wine and chicken stock. Once the wine and chicken stock are fully combined with the roux, stir in cream and fresh grated nutmeg.
Add the potatoes to the pan and cook, stirring occasionally for 15-20 minutes, until liquid is thickened.
Add raw shrimp, chopped smoked oysters, scallops, peas, cayenne, parsley and Worcestershire sauce, and cook 2-3 minutes more until shrimp are just opaque and scallops are just cooked through. Taste and season with additional salt and pepper, if desired.
Turn off the heat, and transfer the filling to 2 large soup crocks.