Amerada Hess Announces Oil Discovery Offshore Equatorial Guinea.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Amerada Hess Corporation The Hess Corporation (NYSE: HES) is an integrated oil company based in New York City. The company changed its name from Amerada Hess as of May 8, 2006. The company explores, produces, transports, and refines oil. (NYSE NYSE See: New York Stock Exchange : AHC AHC Appalachian Hardwood Center AHC American Heritage Center (University of Wyoming, Laramie, WY) AHC American Horse Council AHC Association for History and Computing AHC Australian Heritage Commission AHC Assault Helicopter Company ) announced today that the G-19 exploration well drilled offshore Equatorial Guinea Equatorial Guinea (gĭn`ē), officially Republic of Equatorial Guinea, republic (2005 est. pop. 536,000), 10,830 sq mi (28,051 sq km), W central Africa. on Block G in the Rio Muni Basin has made a new oil discovery. The G-19 well was drilled to a total depth of 7,483 feet in 1,263 feet of water and encountered 113 feet of net oil pay in the Campanian. The G-19 well is located one mile northeast of the Northern Block G fields area and offers the potential, longer term, for a satellite tie-back to the Northern Block G development. Amerada Hess has an 85% working interest in the Block and is the operator. Amerada Hess' partner in the Block is Energy Africa Equatorial Guinea Ltd, a wholly-owned subsidiary of Tullow Oil plc, which has the remaining 15% working interest. GEPetrol, the national oil company of Equatorial Guinea, will have a carried 5% participating interest in any commercial production from the G-19 well. About Amerada Hess Corporation Amerada Hess, headquartered in New York, is a global integrated energy company engaged in the exploration for and the production, purchase, transportation and sale of crude oil and natural gas, as well as the production and sale of refined petroleum products. |
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