Victory Gas Field (United Kingdom)
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Victory Gas Field is an in development gas field in United Kingdom.
Project Details
Main Data
Table 1: Field-level project details for Victory Gas Field
| Unit name | Status | Operator | Owner | Discovery year | FID* year | Production start year |
|---|---|---|---|---|---|---|
| Victory | In development[1] | Shell[2] | Shell (100.0%)[3][2] | 1977[4] | 2024[2] | 2025 (expected)[2] |
Production and Reserves
Table 2: Reserves of Victory Gas Field
| Fuel Description | Reserve Classification | Quantity | Units | Data Year | Source |
|---|---|---|---|---|---|
| gas | 2C Contingent Resources | 5068.67 | million m³ | 2022 | [5][6] |
| gas | Remaining reserves | 4332.44 | million m³ | 2021 | [7] |
Table 3: Production from Victory Gas Field
| Category | Fuel Description | Quantity | Units | Data Year | Source |
|---|---|---|---|---|---|
| cumulative production | gas | 4295.63 | million m³ | 2020 | [8] |
| production design capacity | gas | 1536.29 | million m³/y | 2028 | [9][2] |
| production design capacity | gas | 724.9 | million m³/y | 2026 | [8] |
Location
Table 4: field-level location details for Victory Gas Field
| Concession/Block | Location | Coordinates (WGS 84) |
|---|---|---|
| 207/01a[9] | Offshore, United Kingdom[9] | 60.9695, -1.9089 (exact)[9] |
The map below shows the exact location of the field:
Background
Texaco was awarded license P183 in 1972 in the 4th offshore licensing round.[10][11] Texaco discovered Victory in 1977, via a well drilled in block 207/1-3.[12] Shell conducted a seismic 3D appraisal of the field in 1996. Corallian Energy Limited was awarded Victory gas field during the UK Oil and Gas Authority’s (OGA) 32nd offshore licensing round. As of 2022, Corallian Energy Limited is the operator of the field and holds 100 percent equity in the license. Corallian is a private limited company, in which Reabold Resources has had a 49.99% interest since 2018. In May 2022, Reabold announced it had received a potential offer from a “credible party” for its stake in Corallian.[13]
In November 2020, the “Victory project schedule” according to Reabold was for FID to be reached and the Field Development Plan (FDP) to be approved in early 2022 with production starting at the end of 2024.[11] By December 2021, expected FID had been pushed back to the end of 2022.[14] On July 5, 2022, Corallian submitted its letter of application for consent to develop, FDP, and Environmental Impact Assessment (EIA) to NTSA. According to the timeline listed in the EIA, Corallian is targeting development drilling and subsea installation in summer of 2024 and first gas by Q4 of that year.[12]
Victory is one of the fields Friends of the Earth called out in 2021 as ignoring the guidance of the IEA’s Net Zero by 2050 report. FOE estimated total lifecycle emissions from the field at 11 MtCo2e.[15]
Articles and Resources
Additional data
To access additional data, including an interactive map of oil and gas extraction sites, a downloadable dataset, and summary data, please visit the Global Oil and Gas Extraction Tracker on the Global Energy Monitor website.
References
- ↑ , https://www.offshore-mag.com/field-development/article/14223186/corallian-energy-submits-proposal-for-shetlands-area-victory-gas-project https://www.offshore-technology.com/projects/victory-gas-field-west-of-shetland-uk-continental-shelf/ , https://www.offshore-mag.com/field-development/article/14223186/corallian-energy-submits-proposal-for-shetlands-area-victory-gas-project.
{{cite web}}: Check|url=value (help); Missing or empty|title=(help) - ↑ 2.0 2.1 2.2 2.3 2.4 https://web.archive.org/web/20240123172459/https://www.offshore-mag.com/subsea/article/14303830/shell-commits-to-victory-gas-tieback-west-of-shetland?o_eid=3576I2756701B8H&oly_enc_id=3576I2756701B8H&rdx.ident%255Bpull%255D=omeda%257C3576I2756701B8H. Archived from the original on 23 January 2024.
{{cite web}}: Missing or empty|title=(help); Unknown parameter|3576I2756701B8H&utm_campaign=ignored (help) - ↑ , https://corallian.co.uk/victory , https://www.offshore-technology.com/marketdata/victory-conventional-gas-field-uk/ https://www.offshore-technology.com/projects/victory-gas-field-west-of-shetland-uk-continental-shelf/ , https://corallian.co.uk/victory , https://www.offshore-technology.com/marketdata/victory-conventional-gas-field-uk/.
{{cite web}}: Check|url=value (help); Missing or empty|title=(help) - ↑ https://www.offshore-technology.com/marketdata/victory-conventional-gas-field-uk/ , https://corallian.co.uk/victory https://www.offshore-technology.com/projects/victory-gas-field-west-of-shetland-uk-continental-shelf/, https://www.offshore-technology.com/marketdata/victory-conventional-gas-field-uk/ , https://corallian.co.uk/victory.
{{cite web}}: Check|url=value (help); Missing or empty|title=(help) - ↑ (PDF) https://www.dropbox.com/s/s3fwulvnm6v99xj/Corallian_Victory%20Development_ES-2022-003_06Jul22.pdf?dl=0.
{{cite web}}: Missing or empty|title=(help) - ↑ https://web.archive.org/web/20230202151016/https://www.energyvoice.com/oilandgas/north-sea/west-of-shetland/444199/reabold-agreed-32m-deal-with-anonymous-oil-and-gas-major-for-stake-in-corallian/. Archived from the original on 02 February 2023.
{{cite web}}: Check date values in:|archive-date=(help); Missing or empty|title=(help) - ↑ Nick Ferris (44404). "Exclusive natural gas data reveals trillions of dollars of upcoming projects". Energy Monitor. Archived from the original on 44974. Retrieved 44974.
{{cite web}}: Check date values in:|access-date=,|date=, and|archive-date=(help) - ↑ 8.0 8.1 (PDF) https://web.archive.org/web/20230227132612/https://reabold.com/wp-content/uploads/2017/10/Reabold-Victory-Presentation-FINAL.pdf. Archived from the original (PDF) on 27 February 2023.
{{cite web}}: Missing or empty|title=(help) - ↑ 9.0 9.1 9.2 9.3 (PDF) https://www.dropbox.com/s/b3bmxuhu6m2buuf/Victory%20EIA_Summary_of_Project_06Jul22.pdf?dl=0.
{{cite web}}: Missing or empty|title=(help) - ↑ Chevron North Sea Limited (June 2018). "P183 RELINQUISHMENT REPORT" (PDF). NTSA Data Authority. Retrieved September 1, 2022.
{{cite web}}: CS1 maint: url-status (link) - ↑ 11.0 11.1 Reabold Resources Plc (November 2020). "Victory Gas Discovery - Block 207/1a" (PDF). Reabold. Retrieved September 1, 2022.
{{cite web}}: CS1 maint: url-status (link) - ↑ 12.0 12.1 Corallian Energy Limited (July 2022). "Victory Field Development ENVIRONMENTAL STATEMENT" (PDF). Dropbox. Retrieved September 2022.
{{cite web}}: Check date values in:|access-date=(help)CS1 maint: url-status (link) - ↑ Hamish Penman (2022-05-04). "Reabold receives offer for 49.99% stake in Corallian, including Victory project". Energy Voice. Retrieved 2022-09-01.
- ↑ Nermina Kulovic (2021-12-23). "Corallian files plan for West of Shetland gas discovery". Offshore Energy. Retrieved 2022-09-01.
- ↑ "Tip of the iceberg: The future of fossil fuel extraction | Policy and insight". Friends of the Earth | Policy and insight. Retrieved 2022-09-01.
