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Discovered in 2005, the Stampede Field is located approximately 115
miles south of Fourchon, La., in the Gulf of
Gross topsides processing capacity for the project is approximately
80,000 barrels of oil per day and 100,000 barrels of water injection
capacity per day. Total estimated recoverable resources for Stampede are
estimated in the range of 300–350 million barrels of oil equivalent. The
development is estimated to cost approximately
Hess has a 25% working interest and is operator.
Cautionary Statements
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
the
Source:
Hess Corporation
Investors:
Jay Wilson, 212-536-8940
or
Media:
Lorrie
Hecker, 212-536-8250
lhecker@hess.com