Significant discoveries at Fangtooth-1 and
Lau Lau-1 wells add to previous recoverable resource estimate of approximately 10 billion barrels of oil equivalent
- Fangtooth-1 results confirm deeper exploration potential on Stabroek Block
The Fangtooth-1 well encountered approximately 164 feet (50 meters) of high quality oil bearing sandstone reservoirs. The well was drilled in 6,030 feet (1,838 meters) of water by the Stena DrillMAX and is located approximately 11 miles (18 kilometers) northwest of the Liza Field.
The Lau Lau-1 well encountered approximately 315 feet (96 meters) of high quality hydrocarbon bearing sandstone reservoirs. The well was drilled in 4,793 feet (1,461 meters) of water by the Noble Don Taylor and is located approximately 42 miles (68 kilometers) southeast of the Liza Field.
“We are excited to announce two more significant discoveries on the Stabroek Block,” CEO
Separately, the Liza Unity floating production storage and offloading (FPSO) vessel is undergoing hookup and commissioning after arriving in Guyanese waters in
The hull for the Prosperity FPSO vessel, the third development on the Stabroek Block at the Payara Field, is complete and topside construction activities are ongoing in
The Stabroek Block is 6.6 million acres. ExxonMobil affiliate
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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 oil and gas disclosures in Hess Corporation’s Form 10-K, File No. 1-1204, available from