Hess Acquires Interest in New Acreage Offshore Guyana
Hess Corporation Logo header
SEARCH

Hess Acquires Interest in New Acreage Offshore Guyana

  • 02-28-18_Guyana-Map02_1008x567 (5)
04.26.2018

Hess today announced that its subsidiary, Hess Guyana(Block B) Exploration Limited, had reached agreement with Esso Exploration and Production Guyana Limited (ExxonMobil) to acquire a 15 percent participating interest in the Kaieteur Block, offshore GuyanaThe Cooperative Republic of Guyana has provided Hess and ExxonMobil an instrument detailing the transfer of interest, which has been completed.

“Our interest in the Kaieteur block extends our company’s already significant acreage position in the prolific Guyana-Suriname Basin, which has delivered seven world class oil discoveries to date,” said CEO   John Hess  . “We look forward to working with our partners and the Government of Guyana to evaluate the potential of this highly prospective acreage.”

Full story​​
Related News
  • 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
  • Hess to Participate in Credit Suisse 24th Energy Summit

    Hess announced today that John Hess, Chief Executive Officer, will present at the Credit Suisse 24th Annual Energy Summit in Vail on Tuesday, February 12 at 7:30 a.m. Mountain Time.
    Full story
  • Hess Reports Estimated Results for the Fourth Quarter of 2018

    Hess today reported a net loss of $4 million, or $0.05 per common share, in the fourth quarter of 2018, compared to a net loss of $2,677 million, or $8.57 per common share, in the fourth quarter of 2017. On an adjusted basis, the Corporation reported a net loss of $77 million, or $0.31 per common share, in the fourth quarter of 2018, compared with an adjusted net loss of $304 million, or $1.01 per common share, in the prior-year quarter.
    Full story