Guyana’s deeper waters leading to new oil discoveries, Hess CEO says

 (Reuters) – An Exxon Corp-led consortia operating in Guyana has found new “attractive deep-water” oil prospects in the South American country, Hess Corp (HES.N) Chief Executive John Hess on Thursday during a web conference.

Exxon operates the consortia responsible for all oil production in Guyana with a 45% stake, with partners Hess (30%) and CNOOC Petroleum (25%). New wells are being drilled at 18,000 feet, compared to 15,000 feet before, he said.

The Fangtooth discovery well drilled earlier this year at 18,000 feet, for example, could underpin another production unit on its own, Hess said.

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