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Shenzi-1 Well In Deepwater Gulf Of Mexico Discovers Hydrocarbons
11/19/2002

An exploration well on the Shenzi prospect (AHC 28%) in the deepwater Gulf of Mexico has discovered hydrocarbons. The well has reached a measured depth of 26,607 feet and has encountered a gross hydrocarbon column of 465 feet with 140 feet of net pay. The water depth is 4,400 feet.

The Shenzi discovery is located 125 miles off the Louisiana coast in Green Canyon Block 654. The significance of the discovery will be assessed following further evaluation of drilling and resource data. Appraisal drilling will be necessary to determine the size of the discovery.

Contact: Amerada Hess Corporation.......C.T. Tursi (212) 536-8593