Hess Corp. (HES) Announces Oil Discovery at Uaru, Offshore Guyana
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Hess Announces Oil Discovery at Uaru, Offshore Guyana; Stabroek Block Recoverable Resources Now Estimated to Be Over 8 Billion Barrels of Oil Equivalent
January 27, 2020 8:03 AM ESTStabroek Block recoverable resources increased by 2 billion barrels of oil equivalent Uaru is the 16th discovery on the block; will be incremental to new resources estimate Fifth drillship expected in 2020
NEW YORK--(BUSINESS WIRE)-- Hess Corporation (NYSE: HES) today announced another oil discovery offshore Guyana at the Uaru well, the 16th discovery on the Stabroek Block. The company also announced an increase in the estimated gross discovered recoverable resources for the block to more than 8 billion barrels of oil equivalent, up from the previous... More
