Reuters reports:Hess said that it is seeking partners to explore two fields in Kurdistan and a block offshore Ghana.View original articleKurdistan FieldsDinatra Block covers 1,319 sq km and Shakrok Block covers 418 sq kmOwnership of both blocks: Hess (64%, operator), Petroceltic (16%), KRG (20%)Deepwater Tano/Cape...
Lukoil is in talks with Hess to buy a stake in its Deepwater Tano/Cape Three Points project off Ghana, as part of its strategy to look beyond a closed Russian market.The project is located about 70 km offshore Ghana. Hess started pre-development studies on the block after finishing drilling its seventh well in 2013.Ownership of...
Hess Corp agreed to divest its 2.72% interest in the Azeri, Chirag and Guneshli Fields (ACG) in offshore Azerbaijan and its 2.36% interest in the associated BTC pipeline to ONGC Videsh Ltd for $1 billion.
ACG fields highlights:
The fields cover 432.4 sq km in the Azerbaijani Caspian Sea ~100 kms east of Baku
Average H1-2012 Production (for 2.72% interest): 18.605 MBOE/d (WI)
Presently, the fields are producing through seven platforms and more than 70 wells, with an eighth platform under construction.
Average unadjusted metric of $53,749/Daily BOE for production.
BTC pipeline highlights:
Transports oil from the Sangachal terminal near Baku in Azerbaijan, through Georgia, to a new marine export terminal at Ceyhan, Turkey
Length of 1,774 km with more than 1,000 km in Turkey and a capacity of 1 MMbbl/d
Hess Corporation announced an E&P budget of $6.7 billion for 2013, a decrease of about 18% YoY. The cut is consistent with plans announced in Jul-2012. The budget comprises $4 billion for conventional and $2.7 billion for unconventional resources.Conventional resourcesAllocated $1.85 billion for production, $1.6 billion...
Hess Corporation announced an E&P budget of $6.7 billion for 2013, a decrease of about 18% YoY. The cut is consistent with plans announced in Jul-2012. The budget comprises $4 billion for conventional and $2.7 billion for unconventional resources.
Allocated $1.85 billion for production, $1.6 billion for development and $550 million for exploration activities
Targeting development drilling at the Tubular Bells Field in the deep-water GoM and continued development of Block A-18 in the Joint Development Area, Gulf of Thailand
Targeting installation of the early production system and FEED for full field development of North Malay Basin
Anticipating completion of seismic activity and drilling of two wells at the Dinarta and Shakrok Blocks, Kurdistan
Commencing exploration activities on the deep-water Tano / Cape Three Points Block, Ghana
Bakken shale budget reduced to $2.2 billion from $3.3 billion; the company will operate 14 rigs in the region
Targeting drilling of appraisal wells in the Utica Shale, Ohio
Targeting completion of the Tioga Gas Plant expansion