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Shenzi, located in the Gulf of Mexico 120 miles off the Louisiana coast, in the deepwater Green Canyon area, was discovered in 2002 and achieved first oil in 2009. Production for 2018 is included in the Gulf of Mexico total of 57,000 barrels of oil equivalent per day.
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. Production for 2018 is included in the Gulf of Mexico total of 57,000 barrels of oil equivalent per day.
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. Production for 2018 is included in the Gulf of Mexico total of 57,000 barrels of oil equivalent per day.
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. Production for 2018 is included in the Gulf of Mexico total of 57,000 barrels of oil equivalent per day.
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. Production for 2018 is included in the Gulf of Mexico total of 57,000 barrels of oil equivalent per day.
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. Production for 2018 is included in the Gulf of Mexico total of 57,000 barrels of oil equivalent per day.
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. An exploration well is planned to be drilled on the block in 2020.
On the 6.6 million acre Stabroek Block, offshore Guyana, 13 significant discoveries have been made since 2015. Gross discovered recoverable resources for the Stabroek Block are currently estimated at more than 6 billion barrels of oil equivalent with multi-billion barrels of additional exploration potential across the block.
The Liza Phase 1 development, sanctioned June 2017, is progressing rapidly, laying the foundation for first production by early 2020. Liza Phase 1 will consist of 17 wells connected to a floating production, storage and offloading (FPSO) vessel designed to produce up to 120,000 barrels of oil per day, gross.
The second phase of the Liza development will utilize a second FPSO with gross production capacity of approximately 220,000 barrels of oil per day, with start-up expected by mid-2022. Planning is underway for a third phase of development, which will use an FPSO designed to produce approximately 180,000 barrels of oil per day, with first production as early as 2023.
Hess pursues an exploration program that delivers value and long-term growth through a balanced global portfolio.
Hess Corporation is a leading independent energy company with operations globally. To learn more about Hess Corporation's assets, click on a Hess location.
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. Production for 2018 was 33,000 barrels of oil equivalent per day.
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. Net production in 2017 was 10,000 barrels of oil equivalent per day. Net production in 2018 was 20,000 barrels of oil equivalent per day.
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. In 2018, the Bakken shale play averaged 117,000 barrels of oil equivalent per day.
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. Production in 2018 was 7,000 barrels of oil equivalent per day.
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. Production for 2018 was 30,000 barrels of oil equivalent per day.
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. Production for 2018 is included in the Gulf of Mexico total of 57,000 barrels of oil equivalent per day.
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.
A leading terminal operator for more than 60 years, we have storage capacity for 21 million barrels of gasoline, distillate, biofuels and residual fuel oil product at 20 U.S. facilities from New York to Florida. Our terminals are strategically located to support our retail chain and fuel oil customers. In addition, we buy, sell, trade and transport crude oil, refinery feedstock and finished petroleum products.
We provide competitively priced solutions and market analysis to meet the energy needs of commercial, industrial and institutional customers. Since 1933 our customers have depended on us to deliver superior and reliable fuel oil products at great prices. Today, we are a leading supplier of electricity, natural gas and fuel oil to about 21,000 commercial, industrial and wholesale customers in 21 states and the District of Columbia, and also serve utilities and other wholesale customers.
We offer comprehensive energy solutions and cost-effective pricing plans for natural gas and electricity. In 2012 we opened our first natural gas-fired electric power plant in Bayonne, N.J. in partnership with ArcLight Capital Partners. We are developing a second power plant in Newark, N.J.
Hess is a one-stop shop for more than 1.3 million customers each day. We are known for our clean facilities, friendly service, great products and competitive prices. Our employees and customers know it as the "Hess Way" – and we think it is one reason we have outpaced the industry averages for both fuel and merchandise sales at our company-operated stores. We have been in the quick-serve restaurant business since 1997. Our key partners include Dunkin' Donuts, Quiznos and Godfather's Pizza. The Hess Toy Truck has been a holiday tradition since 1964. It is among the best-selling toys in America and captures nearly 10 percent of the entire annual toy truck market. In 2012, for the first time, the Hess Toy Truck was also offered online.