Hess Announces Eighth Oil Discovery Offshore Guyana
Hess Corporation Logo header
SEARCH

Hess Announces Eighth Oil Discovery Offshore Guyana

  • Stena_Carron___Lower_angle_cropped
06.20.2018

Hess announced an eighth oil discovery offshore Guyana at the Longtail-1 exploration well, creating the potential for additional resource development in the southeast area of the Stabroek Block. The Longtail-1 well follows previous world-class discoveries on the Stabroek Block at Liza, Payara,  Liza Deep , Snoek, Turbot, Ranger and Pacora.

CEO John Hess  said: “We are very pleased with this eighth significant oil discovery, which reaffirms the remarkable exploration potential of the Stabroek Block.”

Full story


Related News
  • In the Media: Evolution of Designs Hastens U.S. Shale Boom

    Hess’ financial and production metrics have experienced a marked increase following its move to plug-and-perf (PNP) completion designs and improved well spacing after the price collapse of 2014. The company reported in its December 2018 investor presentation that its adoption of PNP completions is forecast to result in increases in production to about 200,000 boe/d and net present value by about $1 billion.
    Full story
  • Hess Announces Regular Quarterly Dividend On Common Stock - June 2019

    The Board of Directors of Hess Corporation (NYSE: HES) today declared a regular quarterly dividend of 25 cents per share payable on the Common Stock of the Corporation on June 28, 2019 to holders of record at the close of business on June 17, 2019.
    Full story
  • Hess Ranked Top Oil and Gas Company on 2019 Best Corporate Citizens List

    Hess has earned a place as the No. 1 oil and gas company on Corporate Responsibility magazine’s prestigious list of 100 Best Corporate Citizens of 2019. The annual list recognizes public companies across the U.S. for outstanding environmental, social and governance transparency and performance.
    Full story