<< Back |
“In 2013, our production budget includes infill drilling programs at
Block G in
Unconventional expenditures of approximately
-
Development of the
Bakken Shale inNorth Dakota , where Hess plans to operate 14 rigs and complete the expansion of the Tioga Gas Plant -
Drilling appraisal wells in the
Utica Shale inOhio
Production expenditures of approximately
-
Drilling production wells on Block G (Hess 85 percent – operator) in
Equatorial Guinea -
Drilling production and water injection wells at the Valhall Field in
Norway (Hess 64 percent) and the South Arne Field inDenmark (Hess 61 percent – operator) -
Drilling production and water injection wells at the Shenzi Field
(Hess 28 percent) and drilling a production well at the Llano Field
(Hess 50 percent) in the deepwater Gulf of
Mexico
Development expenditures of approximately
-
Development drilling at the Tubular Bells Field (Hess 57 percent –
operator) in the deepwater Gulf of
Mexico -
Installation of the early production system and front-end engineering
and design for full field development of
North Malay Basin (Hess 50 percent – operator) -
Continued development of Block A-18 (Hess 50 percent) in the Joint
Development Area in the Gulf of
Thailand
Exploration expenditures of approximately
-
Further exploration activities on the Deepwater Tano /
Cape Three Points Block (Hess 90 percent – operator) inGhana -
Completing seismic and drilling two wells at the Dinarta and Shakrok
Blocks (Hess 80 percent – operator) in Iraqi
Kurdistan
2013 Estimated Capital and Exploratory Expenditures ($ Millions) |
||||||||||
By Segment: | By Region: | |||||||||
Exploration and Production | Exploration and Production | |||||||||
Unconventionals | 2,700 | United States | 3,600 | |||||||
Production | 1,850 | Europe | 1,000 | |||||||
Development | 1,600 | Africa | 700 | |||||||
Exploration | 550 | Asia and Other | 1,400 | |||||||
Total Exploration and Production | 6,700 | 6,700 | ||||||||
Marketing, Refining and |
100 | |||||||||
Total | 6,800 | |||||||||
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:
Jon
Pepper, 212-536-8550