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- Ranger-1 well encounters approximately 230 feet of high-quality, oil-bearing reservoir
-
Well is located approximately 60 miles northwest of the
Liza Development - Five previous world class discoveries on the Stabroek Block now estimated to have total recoverable resources of more than 3.2 billion barrels of oil equivalent
- Additional exploration drilling is planned on the Stabroek Block in 2018
The five previous world class discoveries on the block -- Liza, Payara,
Snoek,
“The Ranger oil discovery demonstrates that the petroleum system is
working in a new geologic play in the
Following completion of the Ranger-1 well, the Stena Carron drillship will move to the Pacora prospect, 4 miles from the Payara discovery. Additional exploration drilling is planned on the Stabroek Block for 2018, including potential appraisal drilling at the Ranger discovery.
The Stabroek Block is 6.6 million acres (26,800 square kilometers).
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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/20180105005427/en/
Source:
Hess Corporation
Investors:
Jay Wilson, 212-536-8940
jrwilson@hess.com
or
Media:
Lorrie
Hecker, 212-536-8250
lhecker@hess.com