Waha field explained

Waha Field
Country:Libya
Coordinates:28.299°N 19.922°W
Locblock:Sirte Basin
Offonshore:Onshore
Operators:Waha Oil Company
Partners:National Oil Corporation
Discovery:1961
Startofproduction:1969
Peakofproduction:NA
Expectedabandonment:NA
Oil Production Bbl/D:350000
Producingformations:NA

Waha field is an oil field located in the Libya Sirte basin[1] and owned by the Waha Oil Company (WOC), which is a subsidiary of the National Oil Corporation (NOC). During 2006, the Waha fields produced around 350000oilbbl per day, down from around 1Moilbbl/d in 1969 and 400000oilbbl/d in 1986. However, WOC expects to increase Waha output by around 200000oilbbl/d over the next couple of years. In 2005, ConocoPhillips and co-venturers reached an agreement with NOC to both return to its operations in Libya and to extend the Waha concession by another 25 years. ConocoPhillips operates the Waha fields with a 16.33% share in the project. NOC has the largest share of the Waha concession at 59.17%, and additional partners include Marathon Oil (16.33%), and Amerada Hess (8.17%).[2] The Waha oil field was captured by ISIS soldiers on March 5, 2015[3] but has since been recaptured.

External links

Notes and References

  1. Sarir Field . C.J. . Lewis . 253-267 . . 25 August 2019.
  2. Libya Energy Data, Statistics and Analysis: Oil, Gas, Electricity, Coal . Energy Information Administration (EIA) . July 24, 2007 . 25 August 2019 . 1-10 . United States Department of Energy.
  3. News: Libya Declares Force Majeure Over Oil Fields in Central Region . Benoît . Faucon . Summer Said . 4 March 2015 . 25 August 2019 . . Dow Jones & Company, Inc..