Hess Corporation has announced that drilling of the Aspy exploration well offshore Nova Scotia reached total depth of 7,400 metres. The prospect did not encounter commercial quantities of hydrocarbons and Hess’ share of the well cost through September 30, 2018 will be expensed in the third quarter and reflected in the company’s Quarterly Report on Form 10-Q. BP Canada as operator and Hess each hold a 50% participating interest.
Hess has partnered with operator BP to explore four deepwater licenses offshore Nova Scotia, which are equal in size to 600 deepwater Gulf of Mexico OCS blocks. Although a frontier area, based on 3D seismic data, the geology appears analogous to deepwater Gulf of Mexico.