Hess Guyana Exploration Limited is acquiring a 15 percent interest in the Kaieteur block, offshore Guyana.
Hess is already in a partnership with Exxon’s subsidiary here and CNOOC in the adjacent Stabroek block, where seven major oil discoveries have been made made.
“Hess Guyana (Block B) Exploration Limited had reached agreement with Esso Exploration and Production Guyana Limited (ExxonMobil) to acquire a 15 percent participating interest in the Kaieteur block, offshore Guyana. The Cooperative Republic of Guyana has provided Hess and ExxonMobil an instrument detailing the transfer of interest, which has been completed,” the company said in a statement on Thursday.
