Partner in the Stabroek Block, Hess Corporation (Hess), yesterday announced another discovery at the Fangtooth well in the lucrative “high return” offshore area, while stating that this country along with North Dakota’s Bakken (USA) area will see some 80% of its US$3.7 billion capital projects spending committed to them.
The new discovery in the Stabroek Block comes even as operator ExxonMobil forges ahead with the exploration of some additional 10 wells this year.