Hess Announces Seventh Oil Discovery Offshore Guyana
Hess Corporation Logo header
SEARCH

Hess Announces Seventh Oil Discovery Offshore Guyana

  • Stena_Carron_Daytime_crop
02.28.2018

Hess announced a seventh oil discovery offshore Guyana, following drilling at the Pacora-1 exploration well. The Pacora-1 well is located approximately four miles west of the Payara-1 well, and follows previous discoveries on the Stabroek block at Liza, Payara,  Liza Deep , Snoek, Turbot and Ranger.

“The giant Payara field, which is planned as the third development offshore Guyana, will now include Pacora resources – increasing the size of the FPSO and bringing expected gross production from the first three phases of development to more than 500,000 barrels of oil per day,” CEO   John Hess   said. “The Pacora oil discovery reaffirms the remarkable exploration potential of the Stabroek Block.”

Full story ‚Äč



Related News
  • Hess Ranked Second Globally for Exploration Value Creation

    Drilling success in Guyana in 2018 earned Hess the number two spot in the industry for value created from wildcat drilling according to an annual exploration review by Rystad Energy. Only Exxon, co-owner and operator of the Stabroek Block, offshore Guyana, ranked higher.
    Full story
  • Hess Announces Regular Quarterly Dividend on Common Stock

    The Board of Directors of Hess Corporation today declared a regular quarterly dividend of 25 cents per share payable on the Common Stock of the Corporation on March 29, 2019 to holders of record at the close of business on March 18, 2019.
    Full story
  • Hess Announces Two New Discoveries Offshore Guyana

    Hess today announced positive results from the Tilapia-1 and Haimara-1 wells offshore Guyana, bringing the total number of discoveries on the Stabroek Block to 12.
    Full story