Belud South Well Offshore Malaysia Discovers Hydrocarbons.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 that the Belud South exploration well drilled on Block SB302 offshore Sabah, Malaysia has made a new oil and gas discovery. The Belud South-1 well was drilled to a total depth of 8,773 feet in 508 feet of water and encountered 352 feet of net pay, predominately natural gas. A sidetrack was drilled which established oil in several of the sands. Further exploratory and appraisal drilling is planned on the block in 2005. Amerada Hess Hess , Walter Rudolf 1881-1973. Swiss physiologist. He shared a 1949 Nobel Prize for his research on the brain's control of the body. holds a 40% working interest in Block SB 302 and is the operator; partners are Kufpec (40%) and Petronas Carigali (20%). The Belud South-1 well is located 12.5 miles northwest of the Tembungo oil field offshore Sabah, Malaysia. 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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