Hess to focus on Guyana and the Bakken during 2020
Over 80% of the company's 2020 Exploration & Production capital and exploratory budget will be allocated to high return investments in Guyana and the Bakken.
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Over 80% of the company's 2020 Exploration & Production capital and exploratory budget will be allocated to high return investments in Guyana and the Bakken.
The OYF-2 well in Morocco has been drilled to a measured depth of 1210 m and has encountered commercial quantities of gas in excess of pre-drill estimates.
The drilling operation by the Stena Forth drillship is estimated to take 30 days and shall drill to approximately 3000 m subsea.
The company has also made a further oil discovery northeast of the producing Liza field in the Stabroek Block.
The Sharjah National Oil Corporation (SNOC) and its partner Eni, have announced a successful new discovery of natural gas and condensate onshore in Sharjah.
US oil production from tight formations increased in 2019, accounting for 64% of total US crude oil production, according to the US EIA.
The contract was awarded by Dana Petroleum and will be executed by Ocean Installer’s office in Aberdeen, UK, with engineering work beginning immediately and offshore operations scheduled for 2Q20.
The company has announced that the Q10-A field offshore the Netherlands produced 258 million m3 of gas during 4Q19, compared to 203 million m3 in 3Q19.
Located approximately 275 km off the coast of Louisiana, the North Platte field development includes a semi-submersible floating production unit (FPU) in water over 1300 m deep.
The company has announced a net loss of US$1.7 billion for 4Q19, compared to a net income for 3Q19 of US$295 million.
ASH-2 which was drilled to a total depth of 4030 m in the Alem El Buieb (AEB) Formation onshore Egypt, has been completed to allow selective production from both an upper and lower reservoir interval.
SNC-Lavalin will provide front-end engineering and design (FEED) services for the second phase of the Haliba field, located in Al Dhafra Petroleum’s concession area.