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April 28, 2022

Corona Heavy Oil Field, UK

By Carmen

Corona is a heavy oil development located in shallow water in the UK and is operated by Apache Beryl I. Discovered in 2015, Corona lies in block 9/18a AREA W (EXCLUDING AREAS G, N, R & Y), with water depth of around 365 feet.

The project is currently in approval stage and is expected to start commercial production in 2023.

Field participation details

The field is owned by Apache.


Production from Corona

Production from the Corona heavy oil development project is expected to begin in 2023 and is forecast to peak in 2025, to approximately 5,751 bpd of crude oil and condensate and 1 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2056.


Remaining recoverable reserves

The field is expected to recover 17 Mmboe, comprised of 16.67 Mmbbl of crude oil & condensate and 2.03 bcf of natural gas reserves.


Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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