Jan. 31 (UPI) -- Spending of around $2 billion for exploration and production is unchanged from last year, but focuses more on Guyana and North Dakota, Hess Corp. said.
Hess on Wednesday announced an exploration and production budget of $2.1 billion for this year, unchanged from 2017. CEO John Hess said about 60 percent of that would go toward an oil basin off the coast of Guyana that "continues to get bigger and better" and opportunities in the Bakken shale reservoir in North Dakota.