Offshore Staff

(US, GoM) - Hess drilled a successful well on its Pony prospect in Green Canyon block 468 in 3,440 ft of water.

The well was drilled to a total depth of 32,448 ft and encountered 475 ft of oil saturated sandstones in Miocene age reservoirs, based on wireline log evaluation, according to Hess.

The operator plans to follow up with the drilling of an appraisal sidetrack well approximately 4,000 ft to the northeast. Well results will be used to refine estimates of net pay, says Hess.

The operator maintains that results to-date have been consistent with pre-drill expectations. Total hydrocarbon resources on the Hess acreage is estimated in the range of 100-600 MMboe. Hess has a 100% working interest in this well.

07/13/06