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Stock impact report

Exxon-led group strikes new oil and gas discovery off Guyana [Reuters]

Hess Corporation (HES) 
Last hess corporation earnings: 1/29 07:30 am Check Earnings Report
US:NYSE Investor Relations: hess.com/investors
Company Research Source: Reuters
Stabroek block offshore Guyana, the company's first announced discovery in the South American country this year. The Bluefin discovery joins more than 30 already since 2015 in the Stabroek block, an 6.6 million acre (26,800 square kilometers) area that has been the site of more than 11 billion barrels of recoverable oil and gas. The Bluefin well, located in the southeastern portion of the Stabroek block and drilled in 4,244 feet of water by the Stena Drillmax drillship, encountered approximately 197 feet of hydrocarbon-bearing sandstone, Exxon said. The company did not estimate recoverable reserves from the discovery. "Our exploration program continues to improve our understanding of the block's potential to drive viable oil-and-gas development," said the head of Exxon's Guyana operations, Alistair Routledge. A consortium led by Exxon began crude output in Guyana in 2019, and has ramped up production to some 650,000 barrels per day this year. The other members of the consort Show less Read more
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