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- Pacora-1 well encounters approximately 65 feet of high-quality, oil-bearing sandstone
-
Pacora resources to be integrated into third phase of development;
will help bring
Guyana production to more than 500,000 barrels of oil per day - Further drilling on the Stabroek Block planned in 2018
“The giant Payara field, which is planned as the third development
offshore
The Pacora-1 well is located approximately four miles west of the
Payara-1 well, and follows previous discoveries on the Stabroek block at
Liza, Payara,
Following completion of the Pacora-1 well, the Stena Carron drillship
will move to the Liza Field to drill the Liza-5 well and complete a well
test, which will be used to assess concepts for the Payara development.
The Stabroek Block is 6.6 million acres (26,800 square kilometers).
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
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
View source version on businesswire.com: http://www.businesswire.com/news/home/20180228005747/en/
Source:
Hess Corporation
Investor:
Jay Wilson, (212) 536-8940
jrwilson@hess.com
or
Media:
Lorrie
Hecker, (212) 536-8250
lhecker@hess.com