Hess Sanctions Liza Phase 1 Development Offshore Guyana
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Hess Sanctions Liza Phase 1 Development Offshore Guyana

  • The Stena Carron drills an exploration well offshore Guyana.
Hess has sanctioned the first phase of development of the Liza Field, one of the industry’s largest oil discoveries, located on the Stabroek Block offshore Guyana. The company also announced positive results from the Liza-4 well. Gross discovered recoverable resources for the block are now estimated to be 2.0 billion to 2.5 billion barrels of oil equivalent, including Liza and other successful exploration wells on Liza Deep, Payara and Snoek. 

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