**Hess Reveals 11% Decline in Guyana Oil Production Amid Maintenance Shutdowns**
Hess Corporation announced a significant 11% decrease in oil production from its operations in Guyana, attributing the drop to scheduled maintenance activities. The company stated that the maintenance was necessary to ensure the safety and efficiency of its production facilities.
During the last quarter, Hess reported that daily production averaged around 350,000 barrels per day, down from previous levels due to these temporary shutdowns. The company emphasized that these maintenance efforts are part of its commitment to operational excellence and long-term sustainability in the region.
Despite the setback, Hess remains optimistic about the future of its Guyana operations. The company is investing heavily in infrastructure and exploration, with plans to ramp up production in the coming months as maintenance concludes. Hess continues to collaborate with its partners to enhance output and capitalize on Guyana’s rich oil reserves, which are among the largest discoveries in recent history.
Industry analysts suggest that while short-term production dips can affect quarterly results, the long-term outlook for Guyana’s oil sector remains strong, with expectations of increased production capacity as new projects come online. Hess is well-positioned to benefit from this growth as it navigates current challenges.
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