- Longtail-1 well encounters approximately 256 feet of high-quality, oil-bearing sandstone
- Discovery is in southeast portion of Stabroek Block, near Turbot discovery
- Adding third drillship to accelerate exploration of high value prospects
The well encountered approximately 256 feet (78 meters) of high-quality,
oil-bearing sandstone reservoir. The well was safely drilled to 18,057
feet (5,504 meters) depth in 6,365 feet (1,940 meters) of water. The
Stena Carron drillship began drilling on
The Longtail-1 well is located approximately 5 miles west of the
Turbot-1 well and follows previous world-class discoveries on the
Stabroek Block at Liza, Payara,
Longtail drilling results are under evaluation; however, the combined gross recoverable resources of Turbot and Longtail are estimated to exceed 500 million barrels of oil equivalent.
Following completion of the Longtail-1 well, the Stena Carron drillship will move to drill the Hammerhead-1 well located approximately 9 miles southwest of the Liza discovery. The operator plans to add a third drillship that will operate in parallel to the Stena Carron to explore the Block’s numerous high value prospects.
Liza Development Advances
The Liza Phase 1 development offshore
The second phase of the Liza development will utilize a second FPSO with gross production capacity of approximately 220,000 barrels of oil per day, with start-up expected by mid 2022. A third phase of development is planned to closely follow Liza Phase 2 and is expected to bring gross production to more than 500,000 barrels of oil per day by late 2023.
The Stabroek Block is 6.6 million acres (26,800 square kilometers).
This news release contains projections and other forward-looking
statements within the meaning of Section 27A of the Securities Act of
1933 and Section 21E of the Securities Exchange Act of 1934. These
projections and statements reflect the company’s current views with
respect to future events and financial performance. No assurances can be
given, however, that these events will occur or that these projections
will be achieved, and actual results could differ materially from those
projected as a result of certain risk factors. A discussion of these
risk factors is included in the company’s periodic reports filed with
We use certain terms in this release relating to resources other than
proved reserves, such as unproved reserves or resources. Investors are
urged to consider closely the disclosure relating to proved reserves in
Hess’ Form 10-K, File No. 1-1204, available from