Hess Increases Budget With Most Going To Guyana And Bakken

Hess Increases Budget With Most Going To Guyana And Bakken
Hess Corporation has stated that its 2022 Exploration & Production budget of $2.6 billion will mostly be allocated to Guyana and the Bakken.

The remaining $175 million will be used primarily for front-end engineering and design work for future development phases on the Stabroek Block.

Exploration and appraisal, as previously stated, will get $450 million in 2022 and will be used for the drilling of 12 exploration and appraisal wells on the Stabroek Block in Guyana, the Huron-1 well in the Green Canyon area of the Gulf of Mexico, and the Zanderij-1 well on Block 42 in Suriname.

Funds are also included for seismic acquisition and processing in Guyana, Suriname, and the deepwater Gulf of Mexico, and license acquisitions.

To contact the author, email bojan.lepic@rigzone.com


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