Hess Announces Increase in Recoverable Resource Estimate for Stabroek Block and Significant Discovery at Cataback, Offshore Guyana
- Gross discovered recoverable resource estimate for Stabroek Block increased to approximately 10 billion barrels of oil equivalent
- Cataback is the 21st significant discovery on the block
- Recent discoveries further enhance the development potential of the Stabroek Block
The updated resource estimate includes another significant discovery on the Stabroek Block at the Cataback well. The well encountered 243 feet (74 meters) of net pay in high quality hydrocarbon bearing sandstone reservoirs of which 102 feet (31 meters) is oil bearing. Cataback is located approximately 3.7 miles (6 kilometers) east of Turbot-1 and was drilled in 5,928 feet (1,807 meters) of water by the Noble Tom Madden.
The Stabroek Block is 6.6 million acres (26,800 square kilometers). ExxonMobil affiliate
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We use certain terms in this release relating to resources other than proved reserves, such as unproved reserves or resources. Investors are urged to consider closely the oil and gas disclosures in Hess Corporation’s Form 10-K, File No. 1-1204, available from