Hess Corporation makes a second oil discovery off the coast of Guyana

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Inspenet, May 1, 2023

The oil company Hess Corporation has made a second oil discovery in the Stabroek block, off the coast of Guyana, with the Lancetfish-1 well.

The well was drilled to 5,843 feet by the Noble Don Taylor drillship and is located approximately four miles southeast of the Fangtooth discovery.

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On the other hand, the Kokwari-1 exploration well drilled by Hess Corporation in the first quarter of the year did not find commercial quantities of hydrocarbons.

The Stabroek block: a black gold mine for the Hess Corporation

Hess owns a 30% interest in the Stabroek Block, while ExxonMobil is the operator with a 45% interest and CNOOC has a 25% interest.

In the announcement, the US company also said it plans to drill around 10 exploration and appraisal wells at Stabroek this year, as wel