Hess Corp. (HES) Increases Resource Estimate for Stabroek Block, Offshore Guyana
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Hess Corp. (HES) Tops Q2 EPS by 7c
July 25, 2018 7:36 AM EDTHess Corp. (NYSE: HES) reported Q2 EPS of ($0.23), $0.07 better than the analyst estimate of ($0.30).
Key Highlights:
Estimate of gross discovered recoverable resources on the Stabroek Block, offshore Guyana (Hess 30 percent), increased to more than 4 billion barrels of oil equivalent; total discoveries to date have established the potential for up to five FPSOs to produce over 750,000 barrels of oil per day, gross by 2025Announced an eighth oil discovery on the Stabroek Block, offshore Guyana at the Longtail-1 exploration well located... More