Waha field

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Waha Field
LocationLibya.png
Country Libya
Location/block Sirte Basin
Offshore/onshore Onshore
Coordinates 28°17′56″N 19°55′19″E / 28.299°N 19.922°E / 28.299; 19.922
Operators Waha Oil Company
Partners National Oil Corporation
Field history
Discovery 1961
Start of production 1969
Peak of production NA
Abandonment NA
Production
Current production of oil 350,000 barrels per day (~1.7×10^7 t/a) (2006)
Producing formations 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 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][better source needed][4]

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