Tag: Hess Corporation
Stabroek reservoir quality, low break-evens continue to promise high returns for...
In providing asset highlights during an investor presentation on February 11, Hess Corporation said the 16 discoveries made so far at the Stabroek Block...
Potential grows for more than 5 FPSOs at prolific Stabroek Block
With the gross recoverable resource estimate now above 8 billion barrels of oil equivalent at the Stabroek Block, co-venturers ExxonMobil, Hess and CNOOC are...
Development drilling for giant Liza Phase 2 project set to begin...
Development drilling for the 220,000 barrels per day Liza Phase 2 project offshore Guyana will begin next month as US oil major ExxonMobil ramps...
Liza Phase 1 approaching 75,000 barrels per day
Oil production at Guyana’s first ever offshore development – Liza Phase 1 - is ramping up with daily output now around 75,000 barrels per...
Liza Phase 1 cost expected to be around US$1 billion below...
Development cost for the 120,000 barrels per day Liza Phase 1 project offshore Guyana has been reduced by close to US$1 billion according to...
Hess plugs over 80% of its 2020 E&P budget into Guyana,...
Hess Corporation on Tuesday announced a $3 billion Exploration and Production capital and exploratory budget, of which more than 80% will be allocated to...
Hess sees ‘excellent potential’ at Suriname’s Block 42
Hess corporation sees great potential in the offshore Suriname basin where preparations are underway to ramp up the search for hydrocarbons in the Dutch-speaking...
Extensive logging exercise ongoing at Ranger 2 well
Appraisal drilling and related activities are ongoing at the Stabroek Block offshore Guyana as US oil major ExxonMobil moves to assess several discoveries and...
Guyana oil production targeted for possible December start-up
Oil production in the South American country of Guyana is targeted for a possible December start-up at the Liza Phase 1 Development, months ahead...
Hess strikes oil in deepwater Gulf of Mexico
Hess Corporation (NYSE:HES), a 30 percent co-venturer in Guyana’s Stabroek Block, on Tuesday announced an oil discovery at the Esox-1 exploration well located in Mississippi...