MIL-OSI Economics: Shell commits to develop Victory gasfield, NW Shetland

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Source: South Africa’s Economy Loses Momentum Amid Record Power Cuts – Press Release/Statement:

Headline: Shell commits to develop Victory gasfield, NW Shetland

Shell has taken final investment decision on its wholly-owned Victory gas field, about 50km northwest of Shetland, it said January 17. A subsea well will be tied back to the Greater Laggan Area system and from there the gas will flow to St Fergus, where Shell is partner in the Acorn carbon capture and storage project.

 Shell UK upstream senior vice president Simon Roddy said: “The UK North Sea is a critical national resource, providing a steady supply of the fuels people rely on today and strengthening the country’s energy security and resilience.”

The Victory field will come online in the middle of the decade and at its peak produce around 4.25mn m³/d. Most of the recoverable gas is expected to be extracted by the end of the decade.

Shetland gas plant, courtesy TotalEnergies

The post Shell commits to develop Victory gasfield, NW Shetland appeared first on Offshore Energies UK (OEUK).

MIL OSI Economics