Victoria has built a portfolio of proven and prospective oil and gas assets in prolific hydrocarbon producing regions of West Africa and the FSU. Victoria's major shareholder is a consortium of influential Middle-Eastern investors led by Noor Capital PSC. Victoria also has strategic relationships with Blackwatch Petroleum Services, an international geoscience consultancy, and Geodynamics Research, developers of IPDS passive seismic technology.
Victoria Oil & Gas principal activities are exploring for, developing and managing oil and gas projects in Russia, Kazakhstan and other countries in the Former Soviet Union. In Russia it owns a 1,224 square kilometre West Medvezhye field located in the West Siberian basin and lies in close proximity to gas and condensate fields. During 2007, the Group disposed its entire interest in Olager LLP.