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NEW YORK, April 4, 2005 /PRNewswire-FirstCall via COMTEX/ -- Amerada Hess Corporation (NYSE: AHC) announced that its Wembley #1 well, located in Mississippi Canyon Block 722, reached a total measured depth of 29,212 feet and failed to encounter commercial quantities of hydrocarbons. The well has been plugged and abandoned.
Amerada Hess, operator of the Wembley well, will expense the costs of the well in the first quarter of 2005. Estimated net costs are $65 million before tax, or $42 million after tax.
About Amerada Hess Corporation
Amerada Hess, headquartered in New York, is a global integrated energy company engaged in the exploration for and the production, purchase, transportation and sale of crude oil and natural gas, as well as the production and sale of refined petroleum products.
Contact: Amerada Hess Corporation.......Jay R. Wilson (212) 536-8940
SOURCE Amerada Hess Corporation