Successful test of discovery well

HESS CORPORATION'S FULLY-owned subsidiary, Hess Libya Exploration Ltd, has carried out a successful test of its discovery well A1-54/01 offshore Libya in the Mediterranean Sea.

Well A1-54/01 was originally drilled in the Arous Al-Bahar prospect in 2008 and encountered hydrocarbons in several intervals with a combined gross section of approximately 150 m.
Hess recently re-entered and perforated the well over a 90 m carbonate interval and performed a drill stem test. The well flowed at a rate of 27mn standard cubic feet of good quality natural gas per day and 533 barrels of condensate per day on a 52/64 inch choke. The test was performed using the sixth generation dynamically positioned Stena Forth drill ship.
Upon conclusion of operations on this well, the Stena Forth will return to complete the drilling of an appraisal well, A2-54/01, which is located approximately 11 km northwest of the discovery well. Well A1-54/01 was drilled in 856 m of water in Area 54, which is 56 km offshore in the Sirte Basin. HLEL holds a 100 per cent working interest in Area 54, which it operates under an exploration and production sharing agreement (EPSA) with Libya's National Oil Corporation.


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