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Payara-1 Discovery
The Payara-1 well, located approximately 10 miles (16 kilometers)
northwest of the Liza discovery, was drilled by
Drilling on Payara began on
Deeper High-Quality Reserves Identified Below Liza Field
In addition to the Payara discovery, the Liza-3 appraisal well, which
was completed in
“The Payara-1 results further demonstrate the prospectivity of the
Stabroek block,”
Further Evaluation of the Stabroek Block
The Stabroek Block is 6.6 million acres (26,800 square kilometers).
The co-venture partners plan to appraise the Liza and Payara discoveries
and continue to evaluate the resource potential on the broader Stabroek
block with additional exploration drilling and seismic analysis planned
for 2017. Upon completion of operations on the Payara-1 well, the
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
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 disclosure relating to proved reserves in
Hess’ Form 10-K, File No. 1-1204, available from
View source version on businesswire.com: http://www.businesswire.com/news/home/20170112005571/en/
Source:
Hess Corporation
Investors:
Jay Wilson, 212-536-8940
jrwilson@hess.com
or
Media:
Lorrie
Hecker, 212-536-8250
lhecker@hess.com