Stampede Deepwater Development Update – MTS Houston Section – Presentation – August 25, 2016

The AUGUST 2016 MTS Houston Section luncheon will be held on August 25, 2016 and will feature a presentation by Stephen Whitaker, Project Director for Hess’s Stampede Development. Mr. Whitaker will provide an update on the development of this deepwater field.

The Hess-operated Stampede deepwater oil and gas field is one of the largest un-developed fields in the Gulf of Mexico, with gross recover- able reserves estimated in the range of 300-350 million barrels of oil equivalent.

Discovered in 2005, the field is located in Green Canyon Blocks 468, 511 and 512 in the Gulf of Mexico in 3,500 feet of water, 115 miles south of Fourchon, Louisiana. Oil and gas reserves at Stampede are located within the Miocene reservoirs at a depth of approximately 30,000ft.

The front-end engineering and design (FEED) for the project started in the second quarter of 2013 with the final investment decision (FID) made in October 2014.

The project leverages Hess’s proven capability to safely execute deepwater development projects and top-quartile performance in offshore drilling and project delivery. It is scheduled to come onstream in 2018 and is expected to provide a significant contribution to Hess’ future growth. Production facilities will consist of subsea production and injection wells tied back to a single Tension Leg Platform. Gross topsides processing capacity for the project is approximately 80,000 barrels of oil and 100,000 barrels of water injection capacity per day. Hess, the operator, has a 25 percent working interest in the field, alongside its co-owners – Union Oil Company of California, a Chevron subsidiary, Statoil, and Nexen, which each hold a 25% interest.

At the August luncheon, Stephen Whitaker, Hess’s project director for Stampede will provide an update on the development, along with some of the challenges and accomplishments.

About the Speaker

Stephen Whitaker is Project Director, Offshore – Stampede Deepwater Development for Hess Corporation, a global independent energy company engaged in the exploration and production of crude oil and natural gas. In this role, Whitaker is responsible for managing the development of the Stampede oil and gas field. Prior to this he was responsible for developing Hess’s subsea assets in the Gulf of Mexico and West Africa, and in expanding the role of the Subsea Development Group to Hess assets offshore Europe and in the Asia Pacific region.

Before joining Hess in 2005, Whitaker worked for J.P. Kenny, where he held a number of technical and managerial positions around the globe, culminating in his position as CEO of J.P. Kenny in Houston in 1998.

Whitaker has also held a variety of positions with BP, Technip and Atkins. He started his career in the UK with Horizon Exploration after graduating from the University of Wales Institute of Science and Technology in 1980.

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