Shell begins production at Victory gas fields in the North Sea

Shell announced on Tuesday that it has begun production at its Victory field in the North Sea. At peak production, this gas can heat nearly 900,000 households per year.

The gas field is capable of producing 150 million standard cubic foot of gas per day, which is about 25,000 barrels equivalent to oil per day. The gas field will supply Britain's homes and businesses with gas, as well as power generation.

Shell will be able to achieve its goal of delivering gas projects that produce more than one million boed of total production by the end decade.

By then, the company expects to have extracted most of the recoverable natural gas from the field located about 47 km north of the Shetland islands.

Shell said it will extract gas from a single well subsea and transport it via an existing pipeline to the Shetland Gas Plant.

The gas will be fed into the national network at St. Fergus, near Peterhead.

According to the North Sea Transition Authority, data released in March shows that UK gas production will fall 10% this year compared to 2024. (Reporting and editing by Stephanie Kelly)

(source: Reuters)