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Hess press release
Hammerhead-1 encountered approximately 197 feet (60 meters) of high-quality, oil-bearing sandstone reservoir. The well was safely drilled to 13,862 feet (4,225 meters) depth in 3,373 feet (1,150 meters) of water. The Stena Carron drillship began drilling on
"Hammerhead is another significant oil discovery that further demonstrates the tremendous prospectivity of the Stabroek Block, where we continue to see multi billion barrels of additional exploration potential," CEO
Hammerhead-1 is located approximately 13 miles (21 kilometers) southwest of the Liza-1 well and follows previous discoveries on the Stabroek Block at Liza,
There is potential for additional production from significant undrilled targets and plans for accelerated exploration and appraisal drilling. A second exploration vessel, the Noble Tom Madden, is due to arrive in
Liza Phase 1, which is expected to begin producing oil by early 2020, will use the Liza Destiny FPSO to produce up to 120,000 barrels of oil per day. Construction of the FPSO and subsea equipment is well advanced. Pending government and regulatory approvals, Liza Phase 2 is targeted for sanctioning by the end of this year. It will use a second FPSO designed to produce up to 220,000 barrels per day and is expected to be producing by mid-2022. A third phase of development, at the Payara Field, is targeted for sanctioning in 2019 and will use an FPSO designed to produce approximately 180,000 barrels of oil per day, with first production as early as 2023.
The Stabroek Block is 6.6 million acres (26,800 square kilometers).