Even as it continues with aggressive exploration and production plans in the Stabroek Block which has already significantly contributed to four quarters of increased profits, Hess Corporation yesterday said that the two recent discoveries here could mean an additional oil platform for that area, aside from the one FPSO per year plans for Guyana.
“Guyana is going to be bringing on an FPSO almost once a year here for the coming years. So we’re going to have a growing free cash flow,” president of Hess, John Hess, remarked yesterday at the company’s second quarter earnings call.
Hess, which holds a 30 per cent working interest in the Stabroek Block it shares with partners ExxonMobil and CNOOC, reported revenues of some US$2.9 billion for the quarter ended June 2022, as compared to the US$1.6 billion reported last year.
