Hess today announced two significant discoveries at the Fangtooth-1 and Lau Lau-1 wells on the Stabroek Block offshore Guyana. These discoveries will add to the block’s previously announced gross discovered recoverable resource estimate of approximately 10 billion barrels of oil equivalent.

Hess Chief Executive Office John Hess  presented at the Goldman Sachs Global Energy and Clean Technology Conference Virtual Conference on January 6, 2022.  An audio webcast replay of the discussion is now available.

Hess is a leader in deepwater development and production, with top quartile performance in offshore drilling and project delivery. We are the fifth-largest gross operated deepwater producer in the Gulf of Mexico and also have offshore assets in Asia Pacific and South America.

Hess is a leading producer with premier acreage and an advantaged infrastructure position in the core of North Dakota’s Bakken shale formation. We have an inventory of high return drilling locations and a proven track record of asset optimization, cost reduction and value creation.