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“Our interest in the Kaieteur block extends our company’s already
significant acreage position in the prolific
The Kaieteur block is located approximately 155 miles (approximately 250
kilometers) offshore the coast of
Significantly, the Kaieteur Block lies in the same geological basin as the Stabroek Block, where total recoverable resources of more than 3.2 billion barrels of oil equivalent have been discovered to date. Hess has a 30 percent working interest in the Stabroek Block.
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: https://www.businesswire.com/news/home/20180426005876/en/
Source:
Hess Corporation
Investors:
Jay Wilson,
212-536-8940
jrwilson@hess.com
or
Media:
Lorrie
Hecker, 212-536-8250
lhecker@hess.com