Partner in the offshore Stabroek Block, Hess Guyana, says it sees “simply outstanding financial returns” from the fourth planned well development in the Stabroek Block and it also said that the best possible use of gas from oil extraction would be for re-injection.
Hess Guyana said it is committed to supplying some of the gas for domestic use here, but President and Chief Operating Officer of Hess Corporation, Gregory Hill, pointed out that the project is still in the design phase and they could not give any details until it is sanctioned. Hill was at the time responding to Scotiabank Analyst Paul Cheng’s question on the 2016 Production Sharing Agreement [Article 12] which dealt with utilization of the associated and non-associated gases.
