Hess Acquires Interest in New Acreage Offshore Guyana

Hess today announced that its subsidiary, Hess Guyana(Block B) Exploration Limited, had reached agreement with Esso Exploration and Production Guyana Limited (ExxonMobil) to acquire a 15 percent participating interest in the Kaieteur Block, offshore Guyana. The Cooperative Republic of Guyana has provided Hess and ExxonMobil an instrument detailing the transfer of interest, which has been completed.

“Our interest in the Kaieteur block extends our company’s already significant acreage position in the prolific Guyana-Suriname Basin, which has delivered seven world class oil discoveries to date,” said CEO   John Hess  . “We look forward to working with our partners and the Government of Guyana to evaluate the potential of this highly prospective acreage.”