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SES - Hess holds steady on 2020 GOM plans, sees declines in 2021 - May 21, 2020

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Hess Corp.’s Q1 Gulf of Mexico production grew 6% YOY to 74,000 boe/d. During the quarter, the company brought online the Esox-1 discovery (57.24% WI) in the Mississippi Canyon area, a low-cost tieback to the Tubular Bells production facilities that went from discovery to first oil in four months. The company does not plan to invest in additional production wells this year but will participate with 25% WI in the BPoperated Galapagos deepwater exploration......
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