Hess in the Media: How A Lean-Efficient, Cost-Effective Well Workover Can Do Wonders
When Materion Corp. and Hess Corp. developed and added the new ToughMet Sucker Rod Couplings to Hess wells, run times tripled, workover costs were cut significantly and fluid production increased by 10% to 15%. Hess’s Bakken asset is implementing this solution in 250 wells or more in 2017 to drive costs down for the company by almost $20 million.
Hess Schedules Q4 2019 Earnings Release Conference Call
Hess will hold a conference call on Wednesday, January 29, 2020 at 10 a.m. Eastern Time to discuss its fourth quarter 2019 earnings release.
Hess Announces Oil Discovery Offshore Guyana at Mako-1
Hess today announced another oil discovery on the Stabroek Block offshore Guyana at the Mako-1 well southeast of the Liza Field. The discovery adds to the current gross recoverable resource estimate of more than 6 billion barrels of oil equivalent.
Hess Announces First Production from the Liza Field, Offshore Guyana
Hess today announced startup of production from the Liza Field offshore Guyana, less than five years after the first discovery of hydrocarbons and well ahead of the industry average for deepwater developments. Production from the first phase of the Liza Field, located in the Stabroek Block, is expected to reach full capacity of 120,000 gross barrels of oil per day in the coming months, with the first cargo set to be sold within several weeks.