uth Arne Field, offshore Denmark. Africa As of December 31, 2014, 15% of the company’s total proved reserves were located in Africa. During 2014, 22% of the Corporation’s crude oil and natural gas liquids production were from its African operations. Equatorial Guinea: The company is operator and owns an interest in Block G which contains the Ceiba Field and the Okume Complex. The national oil company of Equatorial Guinea holds a 5% carried interest in Block G. Libya: The company, in conjunction with its Oasis Group partners, has production operations in the Waha concessions in Libya which contain the Defa, Faregh, Gialo, North Gialo, Belhedan and other fields. Algeria: The company has a 49% interest in a venture with the Algerian national oil company that redeveloped three oil fields. Ghana: The company holds a 44% paying interest and is operator of the Deepwater Tano Cape Three Points license while the Ghana National Petroleum Corporation holds an 11% paying interest and a 10% carried interest in the block. Asia and Other As of December 31, 2014, 11% of the company’s total proved reserves were located in the Asia region. Joint Development Area of Malaysia/Thailand: The company owns an interest in Block A-18 of the JDA in the Gulf of Thailand. Malaysia: The company’s production in Malaysia comes from its interest in Block PM301, which is adjacent to and is unitized with Block A-18 of the JDA and its 50% interest in Blocks PM302, PM325 and PM326B located in the North Malay Basin (NMB), offshore Peninsular Malaysia, where the company is operator of a multi-phase natural gas development project. Australia: The company holds an interest in an exploration license covering approximately 780,000 acres in the Carnarvon Basin offshore Western Australia (WA-390-P Block, also known as Equus). The company has drilled 13 natural gas discoveries. Kurdistan Region of Iraq: The company is operator and holds an 80% paying interest (64% working interest) in the Dinarta exploration block. China: In 2013, the company signed a Production Sharing Agreement (PSA) with China National Petroleum Corporation to evaluate unconventional oil and gas resource opportunities covering approximately 200,000 gross acres in the Santanghu Basin. Guyana: The company holds a 30% participating interest in the offshore Stabroek license. Canada: The company received regulatory approval to hold a 40% participating interest in four exploration licenses offshore Nova Scotia. Marketing and Refining- Discontinued Operations The company’s downstream businesses were sold or shutdown, as of December 31, 2014, except for the energy trading joint venture, HETCO, which was sold in February 2015, and HOVENSA, which would be shut down in the first quarter of 2015. In 2014, the company sold its retail marketing business consisting of approximately 1,350 retail gasoline stations, most of which had convenience stores. In addition, it sold two joint venture investments in natural gas fueled electric generating projects in Newark and Bayonne, New Jersey in 2014. History Hess Corporation was founded in 1920. The company, a Delaware corporation, was incorporated in 1920.
hess corp (AHC:German Stock Exchange)
1185 Avenue of the Americas
New York, NY 10036
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