Hess Corp., a partner in the Exxon Mobil Corp.-driven exploration effort that has led to 13 oil and gas discoveries offshore Guyana, has increased the estimated gross discovered recoverable resources on the Stabroek Block to more than 6 billion barrels of oil equivalent (Bboe).

The higher estimate, up from 5.5 Bboe, comes amid ongoing exploration and appraisal (E&A) activity on the block and after three discoveries were made this year. That is enough to put at least five FPSOs to work producing more than 750,000 gross barrels of oil per day (bbl/d) by 2025.

Already have an account? Log In

Thanks for reading Hart Energy.

Subscribe now to get unmatched coverage of the oil and gas industry’s entire landscape.

Get Access