Benzinga | Jun 9, 2021 08:36AM EDT

Hess Announces Discovery At Longtail-3, Offshore Guyana

* Adds to previous recoverable resource estimate of approximately 9 billion barrels of oil equivalent

* Mako-2 appraisal well results, together with the previously announced Uaru-2 discovery, give line of sight to a potential fifth FPSO on the Stabroek Block

Hess Corporation (NYSE:HES) today announced a discovery offshore Guyana at the Longtail-3 well on the Stabroek Block. Drilling at Longtail-3 encountered 230 feet (70 meters) of net pay, including newly identified, high quality hydrocarbon bearing reservoirs below the original Longtail-1 discovery intervals. The well is located approximately two miles (3.5 kilometers) south of the Longtail-1 well. It was drilled in more than 6,100 feet (1,860 meters) of water by the Stena DrillMAX. The Longtail-1 discovery on the Stabroek Block was drilled in 2018, encountering approximately 256 feet (78 meters) of high-quality, oil-bearing sandstone reservoir.