- Seabob-1 and Kiru-Kiru-1 are the 6th and 7th discoveries in 2022
- Discoveries will add to the previous discovered recoverable resource estimate for the Stabroek Block of approximately 11 billion barrels of oil equivalent
- Liza Unity and Liza Destiny FPSOs have reached their combined design capacity of more than 360,000 gross barrels of oil per day
The Seabob-1 well encountered approximately 131 feet (40 meters) of high quality oil bearing sandstone reservoirs. The well was drilled in 4,660 feet (1,421 meters) of water by the Stena Carron and is located approximately 12 miles (19 kilometers) southeast of the Yellowtail Field.
The Kiru-Kiru-1 well encountered approximately 98 feet (30 meters) of high quality hydrocarbon bearing sandstone reservoirs. The well was drilled in 5,760 feet (1,756 meters) of water by the Stena DrillMAX and is located approximately 3 miles (5 kilometers) southeast of the Cataback-1 discovery. Drilling operations at Kiru-Kiru are ongoing.
“We are excited to announce two more discoveries on the Stabroek Block, bringing our total this year to seven,” CEO
Hess and its co-venture partners currently have four sanctioned developments on the Stabroek Block. The Liza Phase 1 development, which began production in
At least six FPSOs with a production capacity of more than 1 million gross barrels of oil per day are expected to be online on the Stabroek Block in 2027, with the potential for up to 10 FPSOs to develop gross discovered recoverable resources.
The Stabroek Block is 6.6 million acres. ExxonMobil affiliate
This news release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Words such as “anticipate,” “estimate,” “expect,” “forecast,” “guidance,” “could,” “may,” “should,” “would,” “believe,” “intend,” “project,” “plan,” “predict,” “will,” “target” and similar expressions identify forward-looking statements, which are not historical in nature. Our forward-looking statements may include, without limitation, the expected number, timing and completion of our development projects and estimates of capital and operating costs for these projects; estimates of our crude oil and natural gas resources and levels of production; and our future financial and operational results. Forward-looking statements are based on our current understanding, assessments, estimates and projections of relevant factors and reasonable assumptions about the future. Forward-looking statements are subject to certain known and unknown risks and uncertainties that could cause actual results to differ materially from our historical experience and our current projections or expectations of future results expressed or implied by these forward-looking statements. The following important factors could cause actual results to differ materially from those in our forward-looking statements: fluctuations in market prices or demand for crude oil, natural gas liquids and natural gas, including due to COVID-19, competing or alternative energy products and political conditions and events; potential failures or delays in increasing oil and gas reserves, including as a result of unsuccessful exploration activity, drilling risks and unforeseen reservoir conditions, and in achieving expected production levels; changes in laws, regulations and governmental actions applicable to our business, including legislative and regulatory initiatives regarding environmental concerns; the ability of our contractual counterparties to satisfy their obligations to us, including the operation of joint ventures which we may not control; unexpected changes in technical requirements for constructing, modifying or operating exploration and production facilities and/or the inability to timely obtain or maintain necessary permits; potential disruption or interruption of our operations due to catastrophic events, including COVID-19 or climate change; and other factors described in Item 1A—Risk Factors in our Annual Report on Form 10-K and any additional risks described in our other filings 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 oil and gas disclosures in Hess Corporation’s Form 10-K, File No. 1-1204, available from