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.