John Hess, Chief Executive Officer, participated in a Fireside Chat at the J.P. Morgan 2022 Energy, Power & Renewables Conference.  A replay of the webcast in now available.

Hess announced an increase in the gross discovered recoverable resource estimate for the Stabroek Block offshore Guyana to approximately 11 billion barrels of oil equivalent, up from the previous estimate of more than 10 billion barrels of oil equivalent. The updated resource estimate includes three new discoveries on the block at Barreleye, Lukanani and Patwa in addition to the Fangtooth and Lau Lau discoveries announced earlier this year.

Hess is a leader in deepwater development and production, with top quartile performance in offshore drilling and project delivery. We are one of the largest gross operated deepwater producers 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.