Hess closing Guyana investments for 2021 at US$750 million; US$1 billion budgeted for 2022

Hess Corporation, one of the co-venturers on the prolific Stabroek block, announced last week that it will close 2021 spending on its Guyana development at US$750M. Going into 2022, Hess’ Executive Vice President and Chief Financial Officer John Rielly said that approximately US$1 billion will be budgeted for its Guyana investments.