Company Report

Hess Corporation oil and gas exploration summary

Get this report


You can pay by card or invoice

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.

- Available as part of a subscription
- FAQ's about online orders

31 October 2017

Hess Corporation oil and gas exploration summary

Report summary

In the last five years Hess has successfully transitioned from an exploration-led, conventionally-biased, integrated IOC into a focused pure-play E&P company. It high-graded legacy assets and re-focused its high-impact deepwater exploration, to deliver sustainable, superior returns from five key areas: onshore US (unconventional), deepwater Gulf of Mexico, offshore West Africa, the Norwegian North Sea and the North Malay Basin. Additionally Guyana has delivered Hess' largest conventional discoveries of the last decade. This focus resulted in new resources of 4.7 billion boe being discovered over the last decade. Future exploration drilling is central to Hess' medium term strategy, and the company is committed to conventional exploration across a geographically-focused portfolio, with risk reduced through partnering. Full details are provided in our report, and all data and analysis can be downloaded in excel and pdf format.

Table of contents

  • Executive summary
    • Upstream strategy
    • Exploration outlook
    • Evolution of exploration strategy
  • Investment and costs
    • Well data
  • Reserves and resources
    • Production from new field discoveries and organic unconventionals, and as a proportion of all future production
    • Good resource additions but commerciality is in question
    • Guyana
    • Ghana
    • Liquids-rich unconventional expansion gives reserves a boost

Tables and charts

This report includes 24 images and tables including:

  • Basins drilled and all conventional & organic unconventional discoveries 2007-2016
  • Ten year performance summary
  • Exploration & appraisal spend and reinvestment
  • Exploration & appraisal spend by water depth
  • Investment and costs: Image 3
  • Discovery costs by water depth
  • Top 40 discoveries (2007 to 2016)
  • Key organic unconventional plays
  • Volumes discovered by year
  • Volumes discovered by water depth
  • Volumes discovered by country
  • Volumes discovered by basin
  • Full-cycle economics
  • SWOT grid
  • Net active exploration acreage by water depth
  • Net active exploration acreage by country
  • Gross conventional exploration & appraisal wells by basin and sector
  • Exploration wells drilled and spend per well
  • Exploration success rates
  • Production: Image 1
  • Full cycle value creation by year, with uncons
  • Exploration returns by year, with uncons
  • Costs and development value by reserve category
  • Exploration returns by water depth

What's included

This report contains:

  • Document

    Hess Corporation.xls

    XLS 602.00 KB

  • Document

    Hess Corporation oil and gas exploration summary

    PDF 636.63 KB

  • Document

    Hess Corporation oil and gas exploration summary

    ZIP 1.09 MB

  • Document


    XLS 684.00 KB

Other reports you may be interested in

Browse reports by Industry Sector