Hess Hits Oil Pay Near Tubular Bells

Hess Hits Oil Pay Near Tubular Bells
Operator Hess holds a 57.14-percent stake in Esox, with Chevron U.S.A. Inc. owning the remainder.

Hess Corp. Tuesday reported an oil discovery at the Esox-1 exploration well, located in Mississippi Canyon Block 726 in the deepwater Gulf of Mexico (GOM).

Drilled in 4,609 feet (1,405 meters) of water, Esox-1 encountered approximately 191 net feet (58) of high-quality oil-bearing Miocene reservoirs, operator Hess noted in a written statement emailed to Rigzone. The discovery is located approximately six miles (10 kilometers) east of the Tubular Bells production facilities, and Hess stated the plan is to tie it back to the Tubular Bells infrastructure.

Hess holds a 57.14-percent stake in Esox. Chevron U.S.A. Inc. owns the remaining 42.86-percent interest.

“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,” Hess CEO John Hess commented. “We expect the well to be producing in the first quarter 2020. As a low cost tieback to existing infrastructure, Esox should generate strong financial returns.”

Hess and Chevron’s Tubular Bells floating production facility integrates a spar hull and three-level topsides, according to a fact sheet on Hess’ website.

To contact the author, email mveazey@rigzone.com.


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