Hess Announces Seventh Oil Discovery Offshore Guyana

Hess announced a seventh oil discovery offshore Guyana, following drilling at the Pacora-1 exploration well. The Pacora-1 well is located approximately four miles west of the Payara-1 well, and follows previous discoveries on the Stabroek block at Liza, Payara,  Liza Deep , Snoek, Turbot and Ranger.

“The giant Payara field, which is planned as the third development offshore Guyana, will now include Pacora resources – increasing the size of the FPSO and bringing expected gross production from the first three phases of development to more than 500,000 barrels of oil per day,” CEO   John Hess   said. “The Pacora oil discovery reaffirms the remarkable exploration potential of the Stabroek Block.”

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