Finance
Shell starts production from Victory gas field in North Sea
Published by Global Banking & Finance Review®
Posted on September 30, 2025
2 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on September 30, 2025
2 min readLast updated: January 21, 2026
Shell's Victory gas field in the North Sea begins production, capable of heating 900,000 homes annually, enhancing the UK's gas supply.
By Stephanie Kelly
LONDON (Reuters) -Shell has started production from its Victory gas field in the North Sea, which at peak production can heat almost 900,000 homes per year, it said on Tuesday.
At full capacity, the gas field can produce about 150 million standard cubic feet per day of gas, or about 25,000 barrels of oil equivalent per day. The field will provide gas for Britain's homes, businesses and power generation.
Victory will contribute toward Shell's goal to deliver gas projects with total production of more than 1 million boed by the end of the decade.
The company expects most of the recoverable gas at the field, which is about 47 km northwest of the Shetland Islands, to have been extracted by that time.
Shell will extract gas via a single subsea well and transport it to the Shetland Gas Plant using an existing pipeline network, the company said.
It will then be delivered to the Scottish mainland at St. Fergus near Peterhead, and fed into the national gas network.
UK gas production is expected to fall by 10% this year from 2024, according to data from the North Sea Transition Authority in March.
(Reporting by Stephanie Kelly; Editing by Jan Harvey)
The Victory gas field is an offshore gas field located in the North Sea, operated by Shell, which has recently started production.
Gas production capacity refers to the maximum amount of gas that can be produced from a gas field, measured in standard cubic feet per day.
A subsea well is an oil or gas well that is drilled on the seabed, allowing for extraction of resources from beneath the ocean.
The Shetland Gas Plant is a facility that processes gas extracted from offshore fields in the North Sea before it is transported to the mainland.
The UK gas network is a system of pipelines that delivers natural gas to homes and businesses across the United Kingdom.
Explore more articles in the Finance category
