Offshore Guyana: Largest New Oil Province Discovered in Past Decade

The Stabroek Block, located approximately 120 miles offshore Guyana, is 6.6 million acres. Gross discovered recoverable resources on the block are currently estimated at more than 10 billion barrels of oil equivalent with multi-billion barrels of future exploration potential remaining.
The second of multiple oil developments planned on the Stabroek Block achieved first production in February 2022.
“We are proud to be a partner in the successful development of this world class oil resource. We look forward to continuing to work with the Government and the people of Guyana to realize the remarkable potential of the Stabroek Block for the benefit for all stakeholders,” CEO John Hess said.
See the full news release including cautionary language: bit.ly/3I1WmiQ