April 12 (Reuters) - An Exxon Mobil arbitration
case that could block the sale of one of its Guyana partners,
Hess Corp ( HES ), to Chevron ( CVX ) could drag on until
year-end, Hess said in a U.S. securities filing on Friday.
Earlier this year, Exxon filed the case seeking to preserve
its right to evaluate making a bid for Hess's 30% stake in the
giant Stabroek offshore oil block if Chevron ( CVX ) proceeds with its
proposed $53 billion purchase.
As per the filing, Hess is seeking to have the merits of the
arbitration heard by the third quarter of 2024 and complete the
arbitration by the end of the year.
The filing also made it clear that neither Chevron ( CVX ) nor Hess
can predict the actual date on which the transaction will be
completed.