Waha field

Infobox Oil field
name = Waha Field
country = Libya
coordinates =
locblock = Sirte Basin
offonshore = Onshore
operators = flagicon|Libya Waha Oil Company
partners = flagicon|Libya National Oil Corporation


caption =
discovery = 1961
startofproduction = 1969
peakofproduction = NA
expectedabandonment = NA
currentproductionoil = 350,000 bpd (2006)
currentproductiongas = NA
estimatedstoiipoil = NA
estimatedstoiipgas = NA
producingformations = NA

Waha field is an oil field located in Libya and owned by the Waha Oil Company (WOC), which is a subsidery of the National Oil Corporation (NOC). During 2006, the Waha fields produced around 350,000 barrels per day (bpd), down from around 1 million bpd in 1969 and convert|400000|oilbbl/d|m3/d|abbr=on in 1986. However, WOC expects to increase Waha output by around convert|200000|oilbbl/d|m3/d|abbr=on 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%). ["Libya Energy Data, Statistics and Analysis: Oil, Gas, Electricity, Coal". Energy Information Administration (EIA) July 24, 2007]

Notes

External links

* [http://bk.wahaoil.net/index.asp Waha Oil Company website]
* [http://en.noclibya.com.ly/ Official website (English)]
* [http://gpco.gov.ly/home.php GPCO Website]
* [http://www.mof.gov.ly اللجنة الشعبية العامة للمالية]