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Hess Corporation is a global exploration and production company focused on oil and gas development and production in key international markets.
Hess Corporation is a global exploration and production (E&P) company that operates in the oil and gas sector. Incorporated in 1920 and headquartered in Delaware, the company is heavily involved in the exploration, development, production, and sale of crude oil, natural gas liquids (NGL), and natural gas. Hess's significant operations are predominantly located in the United States, Guyana, Malaysia, and the Malaysia/Thailand Joint Development Area (JDA). Key developments include extensive production efforts in the Stabroek Block in offshore Guyana, where the company has sustained numerous discoveries and aims to deploy up to ten Floating Production Storage and Offloading (FPSO) units to enhance overall production capacity, which could exceed 1.2 million barrels of oil per day by the end of 2027.
Additionally, Hess has a robust Midstream segment, driven primarily through Hess Midstream LP, which offers fee-based services. These services include gathering, processing, and transporting crude oil and natural gas, as well as storage and disposal solutions mainly focused in the Bakken shale play of North Dakota. The company is currently pursuing mergers and strategic expansions to further consolidate its position as a leader in the E&P sector, thereby enhancing operational efficiencies and market penetration in high-demand regions.
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