“Our production is now expected to come in at the upper end of our full year guidance range, while our capital and exploratory expenditures are projected to come in below our original full year guidance, CEO John Hess said.

Hess announced it has received regulatory approval from the government of Guyana and has made a final investment decision to proceed with the second phase of development of the Liza Field on the Stabroek Block.

Hess is a leading producer with premier acreage and an advantaged infrastructure position in the core of North Dakota’s Bakken shale formation. Our inventory of high return drilling locations and record of asset optimization, cost reduction and value creation position Hess to deliver significant growth in free cash flow and production.

Hess bested 14 finalists from around the globe, impressing judges with the project’s innovative approach and all-around excellence in implementation.