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December 3, 2021updated 27 Apr 2022 11:55am

Waha Concession Fields Conventional Oil Field, Libya

By Carmen

Waha Concession Fields is a producing conventional oil field located onshore Libya and is operated by Waha Oil. 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).

Field participation details

The field is owned by National Oil Corporation of Libya, ConocoPhillips and TotalEnergies.


Production from Waha Concession Fields

The Waha Concession Fields conventional oil field recovered 85.48% 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 22% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 1,361.23 Mmboe, comprised of 1,193.47 Mmbbl of crude oil & condensate and 1,006.54 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.


Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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