Hess Corporation | Worldwide Oil & Gas Exploration
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Exploration

  • We leverage our capabilities to deliver long-term value

    Competitively Positioned for Long-Term Growth

    Hess’ exploration strategy is to create future growth options that deliver long-term value by focusing on proven and emerging oil-prone plays in the Atlantic Basin – areas our exploration team understands well and that leverage our offshore drilling and development capabilities.

  • Guyana

    Multiple Plays in Offshore Guyana

    At the Stabroek Block offshore Guyana, the Liza-1 well resulted in a significant oil discovery, logging 295 feet of high quality oil bearing sandstone reservoir.  The asset is operated by Esso E&P Guyana Ltd. and Hess has a 30 percent working interest. The Stabroek Block is equivalent in size to 1,150 Gulf of Mexico OCS blocks and contains multiple prospects and play types. During 2016 we will continue to appraise and explore this large offshore asset to determine the commercial viability of the resources already discovered and the full potential of the block.

  • Melmar prospect in the Gulf of Mexico

    Melmar Opportunity in Deepwater Gulf

    The Melmar prospect, in the Alaminos Canyon area of the deepwater Gulf of Mexico, is the largest remaining four-way structure in the Perdido Fold Belt trend. ConocoPhillips is the operator and Hess has a 35 percent working interest. The Melmar-1 well spud in December 2015, with results expected in mid 2016.

  • Sicily in the Gulf of Mexico

    Strategic Sicily Partnership in the Gulf

    Our Sicily prospect, located in the Keathley Canyon area of the deepwater Gulf of Mexico, is a large well-imaged four-way structure we are exploring with the operator, Chevron — with whom we have established a strong working relationship through our partnerships at the Hess operated Tubular Bells and Stampede Fields, also in the Gulf of Mexico. The Sicily-1 well, which had an unrisked gross pre-drill estimate of 300 to 400 million barrels of oil equivalent, resulted in a discovery. Appraisal of the prospect will continue in 2016. The Sicily-2 well spud in December 2015 with results expected in the second quarter of 2016. Hess has a 25 percent working interest.

  • Nova Scotia

    An Emerging Play in Nova Scotia

    Hess has partnered with operator BP to explore four deepwater licenses offshore Nova Scotia, which combined are equal in size to 600 deepwater Gulf of Mexico OCS blocks. Although a frontier area, based on 3D seismic data, the geology appears analogous to deepwater Gulf of Mexico. Exploration drilling is currently planned to commence in 2017. Hess has a 40 percent working interest.