(Energy Analytics Institute, 26.May.2021) — Hess Corporation presented at the UBS Global Energy Conference on 26 May 2021. What follows are key points and key slides from the discussion, including the corporation presentation (see PDF download), dominated by details on Guyana.
Guyana Highlights:
Preserve Long Term Value of Assets
— Guyana positioned to generate material, long-term cash flow growth
— Liza Phase 1, Liza Phase 2 and Payara developments breakeven at ~$35/bbl, ~$25/bbl and ~$32/bbl Brent, respectively
— 18 discoveries in Guyana have delivered gross recoverable resources of ~9 BBOE; with multi billion barrels of exploration potential remaining
— Line of sight on up to 10 FPSOs to develop discovered resources
Production and Costs
— Potential for at least 6 FPSOs on Stabroek Block by 2027
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By Piero Stewart. © Energy Analytics Institute (EAI). All Rights Reserved.
