Asset Report
Victory
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The Victory gas field lies in the West of Shetland basin, 45 kilometres northeast of Clair. Texaco discovered the field in 1977, but its size and lack of gas infrastructure hindered development. In 2022, Shell acquired 100% in Victory via its purchase of Corallian Energy. Corallian was awarded the licence in the 32nd offshore round in 2020. Shell took FID on Victory in January 2024. Victory will be a single subsea well tie-back to the Greater Laggan Area (GLA) gas infrastructure, via a new ...
Table of contents
- Key facts
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Summary and key issues
- Summary
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Key issues
- Victory's economics are very attractive
- Energy Profits Levy (EPL) damages project economics
- Victory could encourage other developments in the Greater Laggan Area
- Upside in thinner sands to the northeast
- Location maps
- Participation
- Geology
- Well data
- Exploration
- Reserves and resources
- Production
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Development
- Wells
- Subsea
- Infrastructure
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Costs
- Capital costs
- Decommissioning costs
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Operating costs
- Emissions Trading Scheme (ETS)
- 3 more item(s)...
Tables and charts
This report includes the following images and tables:
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Key facts: Table 1Index mapVictory map
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Participation: Table 1Well data: Table 1Reserves and resources: Table 1Production: Table 1Production profileInfrastructure: Table 1Cash flowEconomic analysis: Table 2Economic analysis: Table 3
- 9 more item(s)...
What's included
This report contains:
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