Victory is a conventional gas development located in shallow water in the UK and is operated by Corallian Energy. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Victory was discovered in 1977, lies in block 207/1a ALL, with water depth of around 533 feet. Buy the profile here.
The project is currently in approval stage and is expected to start commercial production in 2024. The development cost is expected to be $149 m. The Victory conventional gas development will involve the drilling of approximately one wells and includes subsea tree.
Field participation details
The field is owned by Shell.
Production from Victory
Production from the Victory conventional gas development project is expected to begin in 2024 and is forecast to peak in 2025, to approximately 70 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2032.
Remaining recoverable reserves
The field is expected to recover 25.51 Mmboe, comprised of 153.07 bcf of natural gas reserves.
About Corallian Energy
Corallian Energy Ltd, is engaged in the discovery, exploration, extraction of crude petroleum and natural gas. The company is headquartered in the UK.
For more details on the Victory Conventional Gas Field, buy the profile here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
