Tag Archives: Hess  CEO- John Hess

Stabroek Block’s 5.5B barrels reserve an understatement-Hess CEO

Hess Corporation which holds a 30 percent stake in the Stabroek Block believes that its shareholders and industry stakeholders are yet to see the full potential of the world-class offshore concession.

Hess  CEO, John Hess

In fact, the firm’s Chief Executive Officer (CEO), John Hess, recently noted that the estimate of 5.5B barrels of oil equivalent reserves is on the low side.

Speaking at the Bernstein 35th Annual Strategic Decisions Conference that was held a few weeks ago in New York, Hess said that the 5.5B estimate really ties to 10 or 11 discoveries and not 12 or 13 which were made.          Continue reading

%d bloggers like this: