Hess Exits Suriname's Offshore Block 59 Amid Drilling Risks

Key Takeaways HES has exited Block 59 in Suriname after completing minimum work obligations and failing to draw partners. XOM and EQNR left the block earlier due to high drilling risks and uncertain financial prospects. Despite seismic studies, no drilling followed, and the block now reverts to Suriname's state oil company.Hess Corporation (HES) has officially exited Suriname’s offshore Block 59, marking the end of its exploration activities in the area after previously fulfilling its minimum work obligat ...