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
Victory lies in the West of Shetland basin, 17 kilometres east of the Edradour gas field in the Greater Laggan Area. Texaco made the discovery in 1977. In 2022, Shell acquired a 100% stake 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. We expect first gas in early 2026. Cessation of production is dependent on the lifetime of the Greater Laggan Area infrastructure.Shell is ...
Table of contents
- Key facts
-
Summary and key issues
- Summary
-
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:
- Key facts: Table 1
- Index map
- Victory map
- Participation: Table 1
- Well data: Table 1
- Reserves and resources: Table 1
- Production: Table 1
- Production profile
- Infrastructure: Table 1
- Cash flow
- Economic analysis: Table 2
- Economic analysis: Table 3
- 9 more item(s)...
What's included
This report contains:
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