“We’re entering a new chapter for oil prices; one of upward trajectory,” Hess said during the CSIS forum. “Can shale and OPEC coexist? Absolutely yes. Shale is short cycle. OPEC and deepwater are long cycle. We're going to need both for sustainable prices going forward."

The safe and successful fabrication and delivery of the Stampede tension leg platform hull is a major accomplishment for Hess as it executes this complex deepwater development project.

Hess, a leading producer with a premier acreage position in North Dakota’s Bakken shale formation, has a proven track record of driving down well and operating costs and increasing productivity through its use of lean manufacturing processes.

Hess’ exploration strategy is to create future growth options that deliver long-term value by focusing on proven and emerging oil-prone plays in the Atlantic Basin – areas that leverage our offshore drilling and development capabilities.