Drilling Operations Temporarily Suspended at Hess Pony Prospect.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 -- 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 : HES) today announced that drilling at its Pony #2 well, on Green Canyon Block 468 in the deepwater Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico Golfo de Mexico Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east , will be temporarily suspended because of drilling rig inspection requirements. The Ocean Baroness rig will be put in dry dock for statutory Coast Guard ABS inspection and routine repairs. The cost of the demobilization de·mo·bil·ize tr.v. de·mo·bil·ized, de·mo·bil·iz·ing, de·mo·bil·iz·es 1. To discharge from military service or use. 2. To disband (troops). , repairs, inspection and remobilization will be incurred by Diamond Offshore Drilling Diamond Offshore Drilling, Inc. is a deepwater drilling contractor which provides drilling services to the energy industry. The company's headquarters are located in Houston, Texas, but they have offices in Louisiana, Africa, Australia, Brazil, Indonesia, Scotland, Singapore, and , Inc. "While we had hoped to reach total depth of 32,500 feet before this statutory inspection, various mechanical issues kept us from achieving this goal," said John O'Connor John O'Connor can refer to a number of people:
Total hydrocarbon resource on the Hess acreage is estimated to be in the range of 100 to 600 million barrels of oil equivalent. Hess Corporation has a 100 percent working interest in the Pony discovery. Hess Corporation, with headquarters in New York, is a global integrated energy company engaged in the exploration, production, purchase, transportation and sale of crude oil and natural gas, as well as the production and sale of refined petroleum products. More information on Hess Corporation is available at www.Hess.com. Forward Looking Statements Certain statements in this release constitute "forward-looking statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended, and Section 27A of the United States Securities Act of 1933, as amended. Forward-looking statements are subject to known and unknown risks and uncertainties and other factors that may cause actual results to differ materially from those expressed or implied by such statements, including, without limitation, uncertainties inherent in the measurement and interpretation of geological, geophysical and other technical data. |
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