wells has announced a potential oil discovery in the Gulf of Mexico . The US - funded independent made the discovery at the Esox-1 drilling well , which is located in Mississippi Canyon at No . 726 , with approximately 58 metres of high - quality oil - bearing Miocene shale encountered when drilling at a water depth of 1,405 m. Hess holds a 57 % interest in wells , with Chevron holding a 40 % stake .
Hess has announced a deepwater oil discovery in the Gulf of Mexico. The US-based independent made the discovery at the Esox-1 exploration well, which is located in Mississippi Canyon Block No. 726, with approximately 58 metres of high-quality oil-bearing Miocene reservoirs encountered when drilling at a water depth of 1,405 m. Hess holds a 57% interest in Esox, with Chevron holding a 43% stake.