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“We are focused on building a sustainable enterprise that helps meet the world’s growing energy needs in a safe, environmentally responsible, socially sensitive and profitable way." —Gerbert Schoonman, Senior Vice President, Production, Hess Corp.

Hess Corporation recently announced it has made a final investment decision to proceed with Uaru, the fifth development on the Stabroek Block, after receiving government and regulatory approvals. Uaru will have a production capacity of approximately 250,000 gross barrels of oil per day with production targeted to startup in 2026.

From an operator’s perspective, minimizing downhole losses while maintaining wellbore stability is one of the biggest challenges to successfully drilling an extended-reach well. Michael Yao, Senior Rock Mechanics Advisor at Hess, noted that extended laterals tend to have more breakouts than vertical or less deviated wells. This means a higher mud weight is often required to keep the wellbore stable.

Data analytics can help an E&P company better understand the reservoir formations it pursues while maximizing production. Data also are key to monitoring facility and equipment performance, flagging anomalous conditions that could result in system damage.

The North Dakota Tribal College System (NDTCS) announced a new apprenticeship program developed in partnership with Hess Corporation to improve educational and employment opportunities for Native Americans across North Dakota.

Hess Corporation and the Government of Guyana recently announced an agreement for Hess to purchase high quality carbon credits for a minimum of $750 million between 2022 and 2032 directly from the Government of Guyana.

The Llano-6 well in the Gulf of Mexico delivered first production on August 4. The well is a tieback to Shell’s Auger facility.

Hess Corporation announced two new discoveries at the Seabob-1 and Kiru-Kiru-1 wells on the Stabroek Block offshore Guyana.

Hess Corporation today announced publication of its annual sustainability report, which provides a comprehensive review of the company’s strategy and performance on environmental, social and governance (ESG) programs and initiatives.

Hess, ExxonMobil and CNOOC – co-venture partners on the Stabroek Block – recently finalized an agreement with the Government of Guyana for a Gas to Energy project.

His Excellency Dr Irfaan Ali recently announced a national healthcare initiative in collaboration with the Mount Sinai Health System, an internationally recognized healthcare provider, and Hess Corporation to improve the quality of and access to healthcare for the people of Guyana.