Hess corp announces 2020 exploration & production capital, exploratory budget of $3 bln

Hess corp - 2020 exploration & production capital and exploratory budget of $3.0 billion.hess corp - more than 80% of 2020 exploration & production capital and exploratory budget will be allocated to investments in guyana and bakken.hess corp - net production is forecast to average between 330,000 and 335,000 barrels of oil equivalent per day in 2020, excluding libya.hess corp - bakken net production is forecast to average approximately 180,000 barrels of oil equivalent per day in 2020.hess corp - in bakken, we plan to maintain a six rig program through 2020.hess corp - offshore guyana focus in 2020 will be on liza phase 2 development, among others.hess - to continue investing in active exploration & appraisal program in guyana on both stabroek & kaieteur blocks and in deepwater gulf of mexico.hess - 2020 e&p capex budget allocated as: $1.69 billion for production, $860 million for offshore guyana developments, $450 million for exploration & appraisal activities.hess corp - 2020 e&p capex budget allocated as: $1.73 billion for united states and $1.27 billion for international e&p.
HES Ratings Summary
HES Quant Ranking