New York listed Hess Corporation has announced an oil discovery at the Esox-1 exploration well in Mississippi Canyon Block No. 726 in the Gulf of Mexico.
Esox-1 is located around 10km east of the Tubular Bells production facilities, and Hess is the operator with a 57.14% stake while Chevron holds a 42.86% interest.
John Hess, CEO of Hess, commented: “We are delighted with the success of the Esox well, which demonstrates the value of our infrastructure led exploration program in the deepwater Gulf of Mexico. We expect the well to be producing in the first quarter of 2020. As a low cost tieback to existing infrastructure, Esox should generate strong financial returns.”
