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 January 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.
Tubular Bells, located in the Gulf of Mexico 135 miles southeast of New Orleans in the deepwater Mississippi Canyon area, was discovered in 2003 and achieved first oil in 2014.
In 2016, Hess Suriname Exploration Limited, a wholly-owned subsidiary of Hess Corporation, acquired a one-third non-operated interest in the Block 42 contract area, which is located offshore Suriname in the Guyana-Suriname Basin along the northeast margin of South America. The block is 1.5 million acres at water depths ranging from 1,800 to 2,700 meters.
In 2017, Hess announced entry to Block 59 along the northeast margin of South America, approximately 190 miles from Suriname’s capital city of Paramaribo. The 2.8 million acre block, which is contiguous to Block 42, is in water depths ranging from approximately 2,000 to 3,600 meters and shares a maritime border with Guyana.
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 Kaieteur block is located approximately 155 miles offshore Guyana, adjacent to the Stabroek Block. The Kaieteur Block is approximately 3.3 million acres, which is equivalent in size to more than 580 deepwater blocks in the Gulf of Mexico.
On the 6.6 million acre Stabroek Block, offshore Guyana, 18 discoveries to date have established the potential for at least five FPSOs producing more than 750,000 barrels of oil per day by 2026. Gross discovered recoverable resources for the Stabroek Block are currently estimated at approximately 9 billion barrels of oil equivalent with multi-billion barrels of additional exploration potential on the block.
The Liza Phase 1 development delivered first production in December 2019. Liza Phase 1 consists of 17 wells connected to a floating production, storage and offloading (FPSO) vessel designed to produce up to 120,000 gross barrels of oil per day.
The second phase of the Liza development, sanctioned in May 2019, will utilize a second FPSO with gross production capacity of approximately 220,000 barrels of oil per day, with start-up expected by early 2022. A third phase of development, at the Payara Field was sanctioned in September 2020. First oil is expected in 2024.
Esox, located in the Gulf of Mexico approximately 6 miles (10 kilometers) 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 (1,405 meters) of water and encountered approximately 191 net feet (58 meters) 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 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 is a partner in the Waha Concessions in Libya with 13 producing fields in the hydrocarbon-rich Sirte Basin. Five large oil fields were discovered between 1958 and 1961 and production started in 1962. Production has been interrupted in recent years due to civil unrest, but resumed in 2017.
Hess discovered oil in North Dakota in 1951. With its prime, industry-leading acreage position, Hess Bakken operations in North Dakota are competitive with the best shale-oil plays in the world. Our top quartile operating performance and our infrastructure advantage help us deliver some of the highest returns in the play. We continue to increase productivity and reduce drilling and completions costs through the consistent, widespread and focused application of Lean. We have established more drilling spacing units in the core of the play than any other operator and our initial production rates (IPs) have continued to increase due in part to our continued downspacing of wells and increased frac stages.
South Arne, located 150 miles west of Esbjerg in the Danish North Sea, was licensed in 1989 and has produced oil and gas since 1999.
Hess operates the North Malay Basin - Integrated Gas Development project, located 186 miles offshore Peninsular Malaysia, under a Production Sharing Contract with PETRONAS. The field was discovered in 1979 and began production in 2013. North Malay Basin full field development achieved first production of natural gas in July 2017.
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, was discovered in 1997 and 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.