Hammerhead reminder28 Apr 2019 10:59
From Hess's conference call October 20th 2018
'Now turning to Exploration. In August we announced our ninth discovery, Hammerhead, on the Stabroek Block offshore Guyana in which Hess holds a 30% interest and ExxonMobil is the operator. The well, which is located about 13 miles southwest of the Liza-1 discovery well, encountered 197 feet of high-quality, oil-bearing Miocene age sandstone reservoir, OPENING UP A NEW PLAY TYPE. We recently completed a successful flow test and further appraisal activities are planned.
The Stenna Carron rig will now go to Las Palmas in the Canary Islands in Spain for recertification and is expected to return to the block in late December when we plan to spud a well on the upper Cretaceous Amara prospect located 24 miles southeast of the Turbot discovery. A second exploration vessel, the Noble Tom Madden drillship, has arrived in theater and is scheduled to spud a well on the Pluma prospect in early November.'
'Gregory P. Hill - Hess Corp.
Okay, Doug. Well, first of all, Hammerhead, we just completed it at DST. Couple comments on Hammerhead to start. THIS IS A MASSIVE ACCUMULATION. A VERY THICK SAND PACKAGE. IN FACT, IT'S THE THICKEST SINGLE SAND PACKAGE THAT WE DRILLED ON THE BLOCK. IT'S A VERY LARGE STRUCTURE SO IT'S GOING TO REQUIRE SOME ADDITIONAL APPRAISAL. WHAT WE CAN SAY IS THAT THE RESULTS OF THE DST WERE GOOD, MEANING THAT THE RESERVOIR QUALITY IS EXCELLENT AND THE RESERVOIR SEEMS TO BE WELL-CONNECTED. You're right to say that Hammerhead's accretive to the 4 billion barrels and it could jump the queue in terms of being ahead of some of the other phases that were on the Turbot cluster, but it's too early to say that because we need some additional appraisal before we make that final decision. But, again, it is accretive to the 4 billion barrels.'
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