Hess Announces Two New Discoveries Offshore Guyana
Hess Corporation Logo header
SEARCH

Hess Announces Two New Discoveries Offshore Guyana

  • Noble Tom Hadden1
02.06.2019

Hess today announced positive results from the Tilapia-1 and Haimara-1 wells offshore Guyana, bringing the total number of discoveries on the Stabroek Block to 12.

“These two discoveries demonstrate the continuing exploration potential on the prolific Stabroek Block and add to the previously announced gross discovered recoverable resource estimate of more than 5 billion barrels of oil equivalent,” said CEO John Hess

Full story
Related News
  • Hess Recognized for Strong Management and ESG Leadership

    Hess has been recognized for strong management and environmental, social and governance (ESG) leadership in recent months. “We see sustainability as fundamental to our long term strategy and performance, supporting our purpose to be the world’s most trusted energy partner," said CEO John Hess.
    Full story
  • Hess Reports Estimated Results for the Fourth Quarter of 2019

    Hess today reported a net loss of $222 million, or $0.73 per common share, in the fourth quarter of 2019, compared with a net loss of $4 million, or $0.05 per common share, in the fourth quarter of 2018. On an adjusted basis, the Corporation reported a net loss of $180 million, or $0.60 per common share, in the fourth quarter of 2019, compared with an adjusted net loss of $77 million, or $0.31 per common share, in the prior-year quarter.
    Full story
  • Hess Announces 2020 E&P Capital and Exploratory Budget

    Hess today announced a 2020 Exploration & Production capital and exploratory budget of $3.0 billion, of which more than 80% will be allocated to high return investments in Guyana and the Bakken. ​ Net production is forecast to average between 330,000 and 335,000 barrels of oil equivalent per day in 2020, excluding Libya. Bakken net production is forecast to average approximately 180,000 barrels of oil equivalent per day in 2020.
    Full story