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Property, Plant and Equipment
12 Months Ended
Dec. 31, 2022
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment
3.  Property, Plant and Equipment
Property, plant and equipment at December 31 were as follows:
 20222021
 (In millions)
Exploration and Production  
Unproved properties$149 $184 
Proved properties2,660 2,877 
Wells, equipment and related facilities25,182 23,745 
 27,991 26,806 
Midstream4,571 4,342 
Corporate and Other30 30 
Total — at cost32,592 31,178 
Less: Reserves for depreciation, depletion, amortization and lease impairment17,494 16,996 
Property, Plant and Equipment — Net$15,098 $14,182 
Capitalized Exploratory Well Costs:  The following table discloses the amount of capitalized exploratory well costs pending determination of proved reserves at December 31 and the changes therein during the respective years:
 202220212020
 (In millions)
Balance at January 1$681 $459 $584 
Additions to capitalized exploratory well costs pending the determination of proved reserves298 222 111 
Reclassifications to wells, facilities and equipment based on the determination of proved reserves(93)— (111)
Capitalized exploratory well costs charged to expense — (125)
Balance at December 31$886 $681 $459 
Number of Wells at December 3143 35 22 
During the three years ended December 31, 2022, additions to capitalized exploratory well costs primarily related to drilling at the Stabroek Block (Hess 30%), offshore Guyana. At December 31, 2022, 36 exploration and appraisal wells on the Stabroek Block, with a total cost of $732 million, were capitalized pending determination of proved reserves. Other additions to capitalized exploratory wells costs in 2022 included the Huron-1 well (Hess 40%) in the Gulf of Mexico, and the Zanderij-1 well on Block 42 (Hess 33%), offshore Suriname.
Reclassifications to wells, facilities and equipment based on the determination of proved reserves in 2022 resulted from the sanction of the Yellowtail Field development, the fourth sanctioned project on the Stabroek Block. In 2020, reclassifications to wells, facilities and equipment resulted from sanctions of the Payara Field development, the third sanctioned project on the Stabroek Block, and an additional phase of development at the North Malay Basin, offshore Peninsular Malaysia.
Capitalized exploratory well costs charged to expense in 2020 of $125 million primarily related to the northern portion of the Shenzi Field (Hess 28%) in the Gulf of Mexico. The preceding table excludes well costs incurred and expensed during 2022 of $56 million (2021: $11 million; 2020: $67 million).
Exploratory well costs capitalized for greater than one year following completion of drilling were $585 million at December 31, 2022, separated by year of completion as follows (in millions):
2021$222 
202054 
2019140 
2018105 
2017 and prior64 
 $585 
Guyana:  Approximately 91% of the capitalized well costs in excess of one year relate to successful exploration and appraisal wells where hydrocarbons were encountered on the Stabroek Block (Hess 30%). In the fourth quarter of 2022, the operator submitted a development plan for the Uaru Field, the fifth development project on the Stabroek Block, to the Government of Guyana for approval. The operator also plans further appraisal drilling on the block and is conducting pre-development planning for additional phases of development.
JDA:  Approximately 7% of the capitalized well costs in excess of one year relates to the JDA (Hess 50%) in the Gulf of Thailand, where hydrocarbons were encountered in three successful exploration wells drilled in the western part of Block A-18. The operator has submitted a development plan concept to the regulator to facilitate ongoing commercial negotiations for an extension of the existing gas sales contract to include development of the western part of the block.
Malaysia:  Approximately 2% of the capitalized well costs in excess of one year relates to North Malay Basin (Hess 50%), offshore Peninsular Malaysia, where hydrocarbons were encountered in one successful exploration well. Pre-development studies are ongoing.