Corona is a heavy oil development located in shallow water in the UK and is operated by Apache Beryl I. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Corona was discovered in 2015, lies in block 9/18a AREA W (EXCLUDING AREAS G, N, R & Y), with water depth of around 365 feet. Buy the profile here.

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 17.00 Mmboe, comprised of 16.67 Mmbbl of crude oil & condensate and 2.03 bcf of natural gas reserves.

For more details on the Corona Heavy Oil Field, buy the profile here.

GlobalData

GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.

This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.