Hess has announced a deepwater oil discovery in the Gulf of Mexico. The company said it discovered an estimated 1 million barrels of recoverable oil, which is enough to supply all U.S. needs for at least five years.
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.