The ONE GUYANA floating, production, storage and offloading (FPSO) vessel arrived at the Stabroek Block offshore Guyana this week. This FPSO will operate at Yellowtail, the fourth and largest oil development on the block to date, with an initial production capacity of approximately 250,000 gross barrels of oil per day.

Production from Yellowtail is on track for start-up later this year following completion of installation and well activities, and is expected to bring daily production from the Stabroek Block to approximately 900,000 gross barrels of oil per day by year end.

ExxonMobil Guyana Limited is operator and holds 45% interest in the Stabroek Block. Hess Guyana Exploration Ltd. holds 30% interest and CNOOC Petroleum Guyana Limited holds 25% interest.

About Hess

Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas.