U.S. oil and gas producer Hess Corp said it would spend 11% more in 2020 compared with last year, betting heavily on its assets in offshore Guyana and the Bakken shale play.
The company said its 2020 exploration and production capital and exploratory budget will be $3 billion, higher than the estimated $2.7 billion allocated for 2019.
The company said it would allocate $1.69 billion for production, $860 million for offshore Guyana developments and $450 million for exploration and appraisal activities.
Brazil Energy Insight 
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