Hess Issues Statement on Impact from Incident at Shell Enchilada Platform in Gulf of Mexico

Nov 13, 2017 07:31 am
NEW YORK -- 

Hess Corporation (NYSE: HES) released a statement today about the impact on its operations resulting from a fire at the Shell Enchilada platform in the Gulf of Mexico. Shell advised in a statement on Nov. 12 that a plan for repairing the damaged portions of the asset is being developed. All production coming into the Garden Banks Gas Pipeline system also remains shut in until further notice.

Hess production is shut in at its Baldpate, Conger and Penn State Fields. Production is also shut in at the Shell-operated Llano Field (Hess 50 percent interest). Hess production at these fields is approximately 30 thousand barrels of oil equivalent per day.

Hess continues to work closely with the operator to understand the timing for a restart.

Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information is available at www.hess.com.

Cautionary Statements

This news release contains projections and other forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These projections and statements reflect the company’s current views with respect to future events and financial performance. No assurances can be given, however, that these events will occur or that these projections will be achieved, and actual results could differ materially from those projected as a result of certain risk factors. A discussion of these risk factors is included in the company’s periodic reports filed with the Securities and Exchange Commission.

Hess Corporation
Investor:
Jay Wilson, 212-536-8940
or
Media:
Lorrie Hecker, 212-536-8250