Hess brings Stampede project online

U.S. oil company Hess has started first production from its operated Stampede development in the Gulf of Mexico. 

Discovered in 2005, the Stampede deepwater oil and gas field is located 115 miles south of Fourchon, La., in the Gulf of Mexico. The field has total estimated recoverable resources in the range of 300-350 million barrels of oil equivalent. The project was sanctioned in October 2014.

The development includes subsea production and injection wells tied back to a single tension leg platform (TLP). Gross topsides processing capacity for the project is approximately 80,000 barrels of oil per day and 100,000 barrels of water injection capacity per day. The TLP was installed at its offshore location during the second quarter of 2017.

In its 4Q 2017 report on Monday Hess said that first production at Stampede started in January 2018.

Further regarding the Stampede development, Hess said it completed subsea work, received regulatory approval for production operations, and continued drilling at the fourth production well and first water injection well.

Under the current development scope, production facilities will consist of six subsea production wells and four water injection wells tied back to the TLP. Production is expected to ramp up through 2018.

Hess is operator of the field and has a 25 percent working interest in the field. Co-owners are Union Oil Co. of California, a Chevron subsidiary (25%), Nexen Petroleum Offshore USA, a CNOOC ltd company (25%), and Statoil (25%).

Also on Monday, Hess posted a net loss of $2.68 billion in the fourth quarter of 2017, compared with a net loss of $4.89 billion in the fourth quarter of 2016.

Offshore Energy Today Staff

Share this article

Follow Offshore Energy Today

Events>

<< May 2019 >>
MTWTFSS
29 30 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

08th OIL & GAS AFRICA 2019 CONFERENCE

OIL & GAS AFRICA is one of the most prime regional & international Oil and Gas conferences in East Africa…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

OWI WA 2019

West Africa’s only dedicated Offshore Well Intervention Conference is returning for its second year…

read more >

OIL & GAS PHILIPPINES 2019

Oil & Gas Philippines event display products like Oil & gas, fire protection systems and materials…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply