| Waha Field | |
|---|---|
| Country | Libya |
| Location/block(s) | Sirte Basin |
| Offshore/onshore | Onshore |
| Operator(s) | 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 (barrels per day) | 350,000 bbl/d (56,000 m3/d) (2006) |
| Current production of gas (million cubic feet per day) | NA |
| 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 (16.33%), and Amerada Hess (8.17%).[2]