Victory Gas Field

Summary Information

• Operator: Shell
• Country: UK
• Location: 47 km north-west of the Shetland Islands
• Production start: target 2025/2026
• Partners:
• Type: Gas
• Estimated Reserves:
• Production Volume:

Description

• The development will feature a single subsea well which will be tied back to existing infrastructure of the Greater Laggan Area system, using a new 16 km pipeline.
• It is anticipated the Victory field will come online in the middle of the decade and at its peak, produce around 150 million standard cubic feet per day of gas (approximately 25,000 barrels of oil equivalent per day)
• Victory’s gas will be processed onshore at the Shetland Gas Plant before being piped to the UK mainland to enter the National Grid at St Fergus

Contractors

• -

History

• 2021 - Reabold resources increased its stake
• 2022 - Shell acquired Corallian, from Reabold becoming operator
• 2024 - Shell made the Final Investment Decision following approvals

Links

1. Conditional offer to acquire up to an additional 13.12% of Corallian Energy Limited and Victory Operational Update
2. Shell invests in the Victory gas field in the UK North Sea
3. Reabold Resources plc - Notification of final tranche of payment from Shell