August 1, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Production from the Stabroek Block off the coast of Guyana could be close to 1 million barrels per day by the end of the decade, Hess Corporation (NYSE:HES) (New York, New York) announced Wednesday.

Hess has a 30% stake in the Stabroek Block alongside Exxon Mobil Corporation (NYSE:XOM) (Spring, Texas). Hess in its second quarter earnings report put net production at Stabroek at 192,000 barrels of oil per day (BBL/d), compared with 110,000 BBL/d during the same period last year.