Hess 1999 Annual Report Download - page 14

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12
DENMARK
Am erada Hess A/S, the Corporation’s Danish subsidiary, brought the South Arne Field onstream in the
third quarter of 1999. Am erada Hess A/S developed the field with a concrete gravity base and integrated
top sides. Net production is expected to average 30,000 barrels of oil per day and 40,000 M cf of natural
gas per day for Amerada Hess A/S in 2000. Further development wells, including water injectors, are
being drilled to enhance future recovery. Amerada Hess A/S is the operator of the South Arne Field
and has a 57.48% interest in the field.
NORWAY
Am erada Hess Norge A/S, the Corporation’s Norw egian subsidiary, and its partners continue to evalu-
ate the large enhanced-recovery, w aterfl ood project for the Valhall Field, in which Amerada Hess Norge
has a 28.09% interest. Early in 2000, the Norwegian Governm ent provided royalty relief for fields on the
Norwegian Continental Shelf. That decision is expected to accelerate the decision m aking process for
the waterfl ood project and increase Am erada Hess Norge’s share of production from the Valhall Field
by about 2,000 barrels of oil per day. Production for Am erada Hess Norge averaged 27,009 barrels of
crude oil and natural gas liquids per day and 30,600 M cf of natural gas per day in 1999.
GABON
Am erada Hess Production Gabon, in which Amerada Hess has a 77.50% interest, has a 40% interest in
the Atora Field which is being developed. Production is expected to begin late in 2000 and to peak at a
rate of 4,000 barrels of oil per day for Amerada Hess. By year-end 2000, the Corporation’s Gabonese
production is expected to reach 11,000 barrels of oil per day com pared with the current level of 7,000
barrels per day. Current production is primarily from the Rabi Kounga Field, in which Amerada Hess
Production Gabon has a 10% interest. Amerada Hess Production Gabon plans to participate in the drilling
of three exploration wells in Gabon in 2000.