HOUSTON--(BUSINESS WIRE)--Apr. 9, 2015--
Hess Corporation (NYSE:HES) will host a visit today of a bipartisan
Congressional Delegation to its Tubular Bells oil and gas production
facility, located in the Mississippi Canyon area of the deepwater Gulf
of Mexico.
“Tubular Bells demonstrates Hess’ capability to safely and successfully
execute highly complex, deepwater development projects,” said Brian
Truelove, senior vice president, Offshore. “We are proud to give this
bipartisan Congressional Delegation an in-depth tour of our facility,
which was the first classic spar built in the United States, creating an
estimated 7,000 direct and indirect jobs in Texas and Louisiana.”
“Since August 2008, I have taken Members of Congress to the Gulf of
Mexico every year to experience first-hand how American energy is safely
produced,” Rep. Steve Scalise (LA-01) said. “I am excited to have this
bipartisan Congressional Delegation visit Tubular Bells to witness the
cutting-edge technologies, unparalleled safety standards, and
world-renowned ingenuity used in implementing these large-scale energy
projects. Offshore energy production is vital to strengthening our
national security, growing a healthy economy, and supplying an important
source of revenue to restore Louisiana's coastline, and I sincerely
thank Hess Corporation for hosting us for the 2015 Offshore Energy Tour.”
The Delegation joining Rep. Scalise includes the following members of
Congress: Rep Larry Buchson (IN-08), Rep. Buddy Carter (GA-01), Rep.
Barbara Comstock (VA-10), Rep. Paul Cook (CA-08), Rep. Gene Green
(TX-29), Rep. Tim Walberg (MI-07), Rep. Mimi Walters (CA-45), and Rep.
Ryan Zinke (MT-00).
The Tubular Bells Field was discovered in 2003 and the development was
sanctioned in October 2011. Tubular Bells commenced production in
November 2014, just three years after sanction. It lies in approximately
4,300 feet of water, 135 miles southeast of New Orleans.
Net production from Tubular Bells is expected to average 30,000–35,000
barrels of oil equivalent per day over 2015. Hess holds a 57.14 percent
interest in the Tubular Bells Field and is the operator. Chevron U.S.A.
Inc. has a 42.86 percent interest.
The Deepwater Gulf of Mexico is a key offshore focus area for Hess. The
company has been active there for almost 25 years, with net production
anticipated to total more than 80,000 barrels of oil equivalent per day
in 2015 from 11 fields. In addition, Hess is currently working on
another deepwater project, Stampede, which was sanctioned by co-owners
in October 2014. First production is expected in 2018. Hess has a 25
percent working interest in the project and is operator.
Hess Corporation is a leading global independent energy company engaged
in the exploration and production of crude oil and natural gas. More
information on Hess Corporation is available at http://www.hess.com.
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 Securities and Exchange Commission.
Source: Hess Corporation
Investor:
Jay Wilson, 212-536-8940
jrwilson@hess.com
or
Media:
For
photos, videos, images and additional information,
visit www.hess.com/tubularbells
or
Lorrie
Hecker, 212-536-8250
lhecker@hess.com
or
Hillary
Durgin Harmon, 713-496-5417
hdurginharmon@hess.com
