Hess Provides Update on BM-S-22 License, Brazil

Wednesday, June 03, 2009

Hess Corporation announces that the Guarani well on the BM-S-22 license in the Santos Basin offshore Brazil has been drilled in 2,238 meters of water to a measured depth of 5,424 meters. Drilling operations are continuing with a sidetrack and coring of the well as part of an ongoing evaluation program.

Hess holds a 40 percent interest in the license in partnership with Exxon Mobil (40 percent) and Petrobras (20 percent). Exxon Mobil is operator of the license.

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