Victory is a conventional gas development located in shallow water in the UK and is operated by Shell U.K. 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.
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The project is currently in approval stage and is expected to start commercial production in 2025. Final investment decision (FID) of the project was approved 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 2025 and is forecast to peak in 2026, Based on economic assumptions, the production will continue until the field reaches its economic limit in 2034.
About Shell U.K
Shell U.K. Ltd (Shell U.K.) a subsidiary of Shell plc, is an oil and gas company. It offers crude oil and natural gas, and petroleum products. The company offers fuels, engine oils, lubricants, bitumen and coolants. It operates through upstream, downstream, and projects and technology businesses. Shell U.K. provides services such as disabled driver fuel services, Shell service stations, electric vehicle recharge offers among other services. The company caters its fuel and lubricants to businesses, motorists, aviation and shipping industries. Shell U.K. is headquartered in London, the UK.
For more details on the Victory Conventional Gas Field, buy the profile here.
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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.
