Hess engages heavily in rare "high-risk venture"

In the coming weeks, Hess Denmark will be engaging in a long-awaited oil exploration in the North Sea. "Of course there's great interest in it," says South Arne operator's CEO, George Lumsden, in an interview with EnergyWatch. It's the first time in five years that new drillings happen on the Danish seabed.
There is still value at the South Arne field, according to Hess Denmark's new CEO George Lumsden. The company has discontinued plans to sell the field and just commenced the Jill drillings. | Photo: Rambøll
There is still value at the South Arne field, according to Hess Denmark's new CEO George Lumsden. The company has discontinued plans to sell the field and just commenced the Jill drillings. | Photo: Rambøll

Last week, Hess began a new test drilling, the Jill well, which is resuscitating the Danish oil and gas industry after years without activity on the continental shelf.

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