Hess Corporation declares the successful completion of an appraisal well at its Pony discovery located on Green Canyon Block 468 in the deepwater Gulf of Mexico.

The Pony #2 sidetrack well encountered the same objective sands as Pony #1 and #2 wells. The sidetrack appraisal well reached a measured depth of 33,362 feet from a surface location 7,400 feet northwest of the discovery well. The main pay sand was oil-filled throughout the interval drilled.

This appraisal well is part of a comprehensive ongoing data gathering program that is being conducted over the Pony prospect, which is 100 percent owned by Hess. Recoverable resources are estimated to be approximately 200 million barrels of oil equivalent.

The company is evaluating development concepts for production from the Pony prospect before making a final investment decision.

Tags: Hess Corporation