Waha field is an

oil field A petroleum reservoir or oil and gas reservoir is a subsurface accumulation of hydrocarbons contained in porous or fractured rock formations. Such reservoirs form when kerogen (ancient plant matter) is created in surrounding rock by the prese ...

located in the

Libya Libya, officially the State of Libya, is a country in the Maghreb region of North Africa. It borders the Mediterranean Sea to the north, Egypt to Egypt–Libya border, the east, Sudan to Libya–Sudan border, the southeast, Chad to Chad–L ...

Sirte basin and owned by the

Waha Oil Company Waha Oil Company (WOC; Arabic: , ) is an oil company based in Tripoli, Libya, engaged in the fields of crude oil and natural gas exploration and production. Overview WOC is involved in upstream activities, including oil exploration, drilling, p ...

(WOC), which is a subsidiary of the

National Oil Corporation The National Oil Corporation (NOC; ) is the national oil company of Libya. It dominates Libya's oil industry, along with a number of smaller subsidiaries, which combined account for the vast majority of the country's oil output. It is led by Fa ...

(NOC). During 2006, the Waha fields produced around per day, down from around in 1969 and in 1986. However, WOC expects to increase Waha output by around over the next couple of years. In 2005,

ConocoPhillips ConocoPhillips Company is an American multinational corporation engaged in hydrocarbon exploration and production. It is based in the Energy Corridor district of Houston, Texas. The company has operations in 15 countries and has production in t ...

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 Marathon Oil Corporation was an American company engaged in hydrocarbon exploration. In November 2024, it was acquired by ConocoPhillips and absorbed into the company. Marathon was founded in Lima, Ohio, as the Ohio Oil Company. In 1899, the ...

(16.33%), and Amerada Hess (8.17%). The Waha oil field was captured by ISIS soldiers on March 5, 2015 but has since been recaptured.

Notes

External links

Waha Oil Company websiteOfficial website (English)GPCO Website اللجنة الشعبية العامة للمالية
Oil fields of Libya Tripolitania {{libya-geo-stub