NEW YORK, May 17, 2004 (BUSINESS WIRE) -- Amerada Hess Corporation (NYSE: AHC) announced that initial production from the Llano Field (Garden Banks Blocks 385 and 386) occurred on April 30, 2004. The field is currently producing at a gross rate of approximately 10,500 barrels of oil and 26 million cubic feet of gas per day. A second well is planned to begin production in late May. Amerada Hess holds a 50% working interest. The field is located 200 miles southwest of New Orleans in 2,600 feet of water and produces through an 11.5 mile sub-sea flowline to Shell's Auger Platform. Processing capacity of 25,000 barrels of oil and 75 million cubic feet of gas per day is reserved for Llano. Other interest owners in the field are Shell (27.5%, operator) and ExxonMobil (22.5%).
SOURCE: Amerada Hess Corporation
Amerada Hess Corporation
Jay R. Wilson, 212/536-8940