Baldpate, located in the Gulf of Mexico 110 miles off the Louisiana coast in the Garden Banks area, was discovered in 1991 and achieved first oil through the world's first free-standing compliant tower platform in 1998.
Stampede, located in the Gulf of Mexico 115 miles south of Fourchon, Louisiana, in the deepwater Green Canyon area, was discovered in 2005. Stampede is one of the largest undeveloped fields in the Gulf of Mexico. First production was achieved in 2018.
Llano, located in the Gulf of Mexico approximately 150 miles off the Louisiana coast in the Garden Banks area, was discovered in 1997 and achieved first oil in 2004. The Llano-6 well, which is a subsea tieback, achieved first oil in 2022.
Tubular Bells, located in the Gulf of Mexico 135 miles off the Louisiana coast in the deepwater Mississippi Canyon area, was discovered in 2003 and achieved first oil in 2014. In July 2023, Hess announced an oil discovery at the Pickerel-1 exploration well, which will be a tieback to Tubular Bells with first oil expected in mid 2024.
In 2016, Hess acquired a one-third non-operated interest in the Block 42 contract area, which is located offshore Suriname along the northeast margin of South America.
Deepwater Block 59, which is to the north and contiguous to Block 42, was awarded to Hess and co-venture partners ExxonMobil and Equinor in 2017.
Penn State, located in the Gulf of Mexico 125 miles off the Louisiana coast, is a subsea tieback to Baldpate in the Garden Banks area. Penn State was discovered in 1995 and achieved first oil in 1999.
The Stabroek Block, located approximately 120 miles offshore Guyana, is 6.6 million acres. Gross discovered recoverable resources for the Stabroek Block are currently estimated at more than 11 billion barrels of oil equivalent with multi-billion barrels of exploration potential remaining on the block. The Liza Phase 1 development delivered first production in December 2019, less than five years after discovery. Liza Phase 2, sanctioned in May 2019, achieved first oil in February 2022. A third phase of development, at the Payara Field was sanctioned in September 2020 and achieved first production in November 2023. The fourth oil development on the block at Yellowtail was sanctioned in April 2022 with first oil expected in 2025. Uaru, the fifth development on the block, was sanctioned in April 2023 with production targeted to begin in 2026, and the sixth development at Whiptail was sanctioned in April 2024 with production targeted to begin in 2027.
Esox, located in the Gulf of Mexico approximately 6 miles east of the Hess-operated Tubular Bells production facilities, was discovered in 2019 and achieved first oil in 2020. The Esox-1 well was drilled in 4,609 feet of water and encountered approximately 191 net feet of high quality oil bearing Miocene reservoirs.
Hess pursues an exploration program that delivers value and long-term growth through a balanced global portfolio.
Block A-18 in the Malaysia-Thailand Joint Development Area (JDA) is located in the Malay Basin in the Gulf of Thailand about 93 miles from Kota Bharu, Malaysia and 161 miles from Songkhla, Thailand. Gas was discovered in 1971 and production began in 2005.
Hess discovered oil in North Dakota in 1951 and today is one of the largest producers in the Bakken with a premier acreage position in the core of the play. Our competitively advantaged infrastructure provides transport/market optionality. We have a proven track record of applying Lean and innovation to enhance returns.
The North Malay Basin project consists of 10 discovered gas fields located 186 miles offshore Peninsular Malaysia that is tied to a gas terminal onshore. These gas fields are being developed on a phased basis to support energy demand in Peninsular Malaysia. Phase 1 of full field development achieved first gas in 2017, Phase 2 achieved first gas in 2019, and both Phase 3 and Phase 4 first gas were achieved in 2022.
Conger, located in the Gulf of Mexico 125 miles off the Louisiana coast, is a subsalt, high-pressure, high-yield gas/condensate field in the Garden Banks area. Discovered in 1997, it achieved first oil in 2000.
Hess is committed to a long-term strategy of growing its reserves and production. We had 1.4 billion boe of proven reserves at the end of 2014.