NEW YORK – Hess Corp. has made an oil discovery at the Esox-1 exploration well on Mississippi Canyon block 726 in the deepwater Gulf of Mexico.
Esox-1 was drilled in 4,609 ft (1,405 m) of water and encountered about 191 net ft (58 m) of high-quality oil-bearing Miocene reservoirs. Esox-1 is about 6 mi (10 km) east of the Tubular Bells production facilities.
CEO John Hess said: “We expect the well to be producing in the first quarter of 2020. As a low-cost tieback to existing infrastructure, Esox should generate strong financial returns.”
Hess is the operator and holds 57.14% interest in Esox; and Chevron U.S.A. Inc. holds 42.86% interest.