Hess (HES) Seeks New Partner for Block 59 Offshore Suriname

Hess Corporation (HES) is currently looking for partner(s) to continue exploration at Block 59 offshore Suriname. This block was previously held by a consortium of ExxonMobil, Equinor and Hess, with each company owning a one-third share. However, in July 2024, ExxonMobil and Equinor transferred their ownership to Hess Corporation in a non-financial transaction. According to Staatsolie, the state-owned oil company at Suriname, Hess Corporation has until July 2025 to find a new partner and proceed with the ex ...