Hess Corporation’s most notable assets are in Guyana

According to a report from Petroleum Today on May 16, 2021, Hess Corp.

By 2025, Guyana’s first four development projects-Lisa Big Oil Field Phase 1, Lisa Big Oil Field Phase 2, Palaya Oil Field and Yellowtail Oil Field-will produce more than 800,000 barrels of oil per day.

Hess said Guyana’s daily oil production could reach 1.

The Value Portfolio estimates: “By 2025, 30% of Hess’ shares will be converted into 240,000 barrels per day, and shareholders’ profits will be $37 per barrel.

Currently, Hess has nearly US$1.

Hess said that the company recently discovered high-quality oil in the Uaru well in Guyana.

The Value Portfolio said, “Hess is a valuable company with a compelling portfolio of assets.

Hess has so far invested more than US$2.

　　Li Jun compiled from Petroleum Today

　　The original text is as follows:

　　Hess Corporation's most impressive asset is in Guyana

　　Hess Corporation's most impressive asset remains the 30% stake it has in the Stabroek Block offshore Guyana where over 9 billion barrels of oil equivalent resources have been found since 2015.

　　The first 4 developments – Liza Phase 1, 2, Payara and Yellowtail – will be producing over 800,000 barrels of oil per day by 2025.

　　Hess says Guyana production could hit 1.

　　“The company's 30% stake will turn into 240 thousand barrels/day in production by 2025 at a $37/barrel margin for shareholders,” The Value Portfolio estimates.

　　At present Hess has almost $1.

　　Hess says high quality oil found at Uaru with potential for massive reservoir

　　“Hess Corporation is a valuable company with an impressive portfolio of assets,” The Value Portfolio said.

　　Hess plugs over three-quarter billion dollars more into Guyana offshore operations

　　The company reported last month a net income of US$252 million for the first quarter of 2021.