Waha field

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 350,000 barrels (56,000 m3) per day, down from around 1 Mbbl/d (160,000 m3/d) in 1969 and 400,000 bbl/d (64,000 m3/d) in 1986. However, WOC expects to increase Waha output by around 200,000 bbl/d (32,000 m3/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 5th 2015[3] but has since been recaptured.

Waha Field
CountryLibya
Location/blockSirte Basin
Offshore/onshoreOnshore
Coordinates28.299°N 19.922°E / 28.299; 19.922
OperatorsWaha Oil Company
PartnersNational Oil Corporation
Field history
Discovery1961
Start of production1969
Peak of productionNA
AbandonmentNA
Production
Current production of oil350,000 barrels per day (~1.7×10^7 t/a) (2006)
Producing formationsNA

Notes

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


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