Waha Concession Fields is a producing conventional oil field located onshore Libya and is operated by Waha Oil. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block NC 99 (Arean 88 & 104) (Waha Concession), Area 121/71,122/71,138/71 & 137/71 (Waha Concession), NC 32B (Area 108 & 109) (Waha Concession), NC 98 (Area 91,107 & 108) (Waha Concession), Area 122/71A (Waha Concession), NC 13 (Arean 88) (Waha Concession), Area 107/59D (Waha Concession), and Area 104/59 & 105/59 (Waha Concession). Buy the profile here.
An expansion project is associated with the Waha Concession Fields, namely the NC-98 & North Gialo Development. This project is currently in the feed stage.
Field participation details
The field is owned by ConocoPhillips, National Oil and TotalEnergies.
Production from Waha Concession Fields
The Waha Concession Fields conventional oil field recovered 86.18% of its total recoverable reserves, with peak production in 1970. The peak production was approximately 946.06 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2057. The field currently accounts for approximately 23% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 1,299.61 Mmboe, comprised of 1,161.91 Mmbbl of crude oil & condensate and 826.22 bcf of natural gas reserves. Waha Concession Fields conventional oil field reserves accounts 0.29% of total remaining reserves of producing conventional oil fields globally.
Contractors involved in the Waha Concession Fields conventional oil field
The key contractors involved in the Waha Concession Fields project as follows.
Design/FEED Engineering: Petrofac
For more details on the Waha Concession Fields Conventional Oil Field, buy the profile here.