Hess Sanctions Liza Phase 1 Development Offshore Guyana
Hess Corporation Logo header
SEARCH

Hess Sanctions Liza Phase 1 Development Offshore Guyana

  • Hess Liza Field
06.16.2017
In June 2017, Hess 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. Since then, further discoveries have been announced at Payara and Turbot. As of October 2017, gross discovered recoverable resources for the Stabroek Block are estimated to be 2.25 billion to 2.75 billion barrels of oil equivalent.

Full story
Related News
  • In the Media: Building a Better Bakken

    Featured in Oil and Gas Investor's "Building a Better Bakken" article, Hess highlights improving cycle times and use of innovative technology to spend less and produce more.
    Full story
  • Hess reports estimated results for second quarter of 2019

    Hess today reported a net loss of $6 million, or $0.02 per common share, in the second quarter of 2019, compared with a net loss of $130 million, or $0.48 per common share, in the second quarter of 2018. On an adjusted basis, the Corporation reported a net loss of $28 million, or $0.09 per common share, in the second quarter of 2019, compared with an adjusted net loss of $56 million, or $0.23 per common share, in the prior-year quarter. The improved after-tax adjusted results reflect increased U.S. crude oil production and reduced exploration expenses, partially offset by the impact of lower realized selling prices and higher depreciation, depletion and amortization expenses.
    Full story
  • Hess  Shows Continued ESG Commitment and Progress in 2018 Sustainability Report

    Hess’ 2018 Sustainability Report provides a comprehensive review of the company’s strategy and performance on environmental, social and governance programs and initiatives.
    Full story