Hess Corp. (HES) Increases Resource Estimate for Stabroek Block, Offshore Guyana

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Hess Announces Increased Resource Estimate for Stabroek Block, Offshore Guyana

July 23, 2018 8:07 AM EDT

Estimate of gross discovered recoverable resources for the Stabroek Block increased to more than 4 billion barrels of oil equivalent Planning underway for a third phase of development Total discoveries to date establish potential to produce over 750,000 barrels per day by 2025

NEW YORK--(BUSINESS WIRE)-- Hess Corporation (NYSE: HES) today announced an increased estimate of gross discovered recoverable resources for the Stabroek Block, offshore Guyana to more than 4 billion barrels of oil equivalent, up from the previous estimate of... More