Jan 24 (Reuters) - U.S. oil and gas producer Hess Corp on Tuesday forecasted higher 2023 Exploration & Production (E&P) capital and exploratory budget of $3.7 billion, of which more than 80% will be allocated to Guyana and North Dakota's Bakken shale field.

The company forecast 2022 E&P capital and exploratory expenditures of about $2.7 billion. (Reporting by Sourasis Bose in Bengaluru Editing by Vinay Dwivedi)