ted offshore Valhall Field (the company 64%), in 2015 the operator drilled one well and completed three wells. In 2016, the operator is expected to continue a multi-year well abandonment program. Denmark: At the company operated offshore South Arne Field (the company 62%), the company expects to complete drilling of a previously sanctioned 11 well multi-year program in the first quarter of 2016. Africa Equatorial Guinea: At the company operated offshore Block G (the company 85% paying interest, national oil company of Equatorial Guinea 5% carried interest), the company has production from the Okume and Ceiba fields. In 2015, the company deferred the remaining portion of an infill drilling program on the Okume Field. Ghana: At the company operated offshore Deepwater Tano/Cape Three Points license (the company 50% license interest), the company has drilled seven exploration wells on the block. Libya: At the onshore Waha concession in Libya, which include the Defa, Faregh, Gialo, North Gialo and Belhedan fields (the company 8%), the operator shut in production in 2015. Asia and Other JDA: At the Carigali Hess Operating Company operated offshore Block A-18 in the Gulf of Thailand (the company 50%), the operator continued development drilling in 2015 and made progress on a booster compression project that is expected to be completed by the third quarter of 2016. Malaysia: The company’s production in Malaysia comes from its interest in Block PM301 (the company 50%), which is adjacent to and is unitized with Block A-18 of the JDA and the company’s 50% interest in blocks, such as PM302, PM325 and PM326B located in the North Malay Basin, offshore Peninsular Malaysia, where the company operates a multi-phase natural gas development project. Australia: At the WA-390-P Block (the company 100%) in the Carnarvon Basin, offshore Western Australia (also known as Equus) covering approximately 780,000 acres, the company has drilled 13 natural gas discoveries. At the company’s adjacent WA-474-P Block (the company 100%), which could become part of the Equus project, the company plans to drill a commitment well in 2016. Guyana: At the Esso Exploration and Production Guyana Limited operated offshore Stabroek Block (the company 30% participating interest), the operator announced an oil discovery at the Liza-1 well in 2015. The operator plans to drill two appraisal wells, including one sidetrack with a production test, and two exploration wells in 2016. A new 17,000 square kilometer 3D seismic shoot is near completion and the operator, along with its partners, continues to evaluate the resource potential of the block. Canada: In 2014, the company acquired a 40% participating interest in four exploration licenses offshore Nova Scotia. The company expects the operator, BP plc, to drill the first exploration well in 2017 and a second exploration well in 2018. Bakken Midstream The company holds a 50% interest in Hess Infrastructure Partners LP (HIP) following the sale in 2015 of a 50% interest to Global Infrastructure Partners. HIP and its affiliates primarily comprise the Bakken Midstream operating segment, which provides fee-based services, including crude oil and natural gas gathering, processing of natural gas and the fractionation of natural gas liquids, terminaling and loading crude oil and natural gas liquids, transportation of crude oil by rail car, and the storage and terminaling of propane, primarily in the Bakken shale play in the Williston Basin area of North Dakota. The company operates the Bakken Midstream assets and operations, including routine and emergency maintenance and repair services under various operational and administrative services agreements. Bakken Midstream assets include the following: Tioga Gas Plant: The Tioga gas plant is a natural gas processing plant is located in Tioga, North Dakota. The plant has a cryogenic processing capacity of 250 thousand mcf per day (mmcfd) and integrated fractionation capacity (including ethane) of 60,000 boepd following the completion of an expansion project in 2014. In 2015, the company completed construction of a compressed natural gas (CNG)
hess corp (HES:New York)
1185 Avenue of the Americas
New York, NY 10036
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