Hess Announces 13th Discovery Offshore Guyana
Hess Corporation (HES)
Last hess corporation earnings: 1/29 07:30 am
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Source: Business Wire
Yellowtail-1 well is fifth discovery in Turbot area Turbot area expected to become major development hub Adds to previously announced estimated gross discovered recoverable resource of more than 5.5 billion barrels of oil equivalent NEW YORK--(BUSINESS WIRE)-- Hess Corporation (NYSE: HES) today announced a new discovery offshore Guyana at the Yellowtail-1 well, marking the 13th discovery on the Stabroek Block. The discovery adds to the previously announced estimated gross discovered recoverable resource of more than 5.5 billion barrels of oil equivalent on the Stabroek Block. “Yellowtail marks the 13th significant discovery on the Stabroek Block,” said CEO John Hess. “As the fifth discovery in the greater Turbot area, it underpins another major development hub.” Yellowtail-1 encountered approximately 292 feet (89 meters) of high-quality oil-bear
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