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
  • Investment is key challenge for oil and gas industry, says Hess CEO

    CNBC's Brian Sullivan sits down with Hess CEO John Hess at the energy summit CERAWeek by IHS Markit to discuss the state of the oil and gas industry.
    Full story
  • Hess schedules Q1 2019 earnings release conference call.

    Hess announced today that it will hold a conference call on Thursday, April 25, 2019 at 10 a.m. Eastern Time to discuss its first quarter 2019 earnings release.
    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