Tag Archives | Waha Oil Company (WOC)

Production Suspended at Gialo Oilfield for Pipeline Maintenance

By John Lee. Waha Oil Company (WOC) engineers and technicians have begun maintenance of the 30-inch crude oil pipeline connecting the Gialo and Waha oilfields. Gialo oilfield’s 130,000 barrels per day production is anticipated to be offline for ten days while engineers replace 18 kilometres (km) of the 152 km pipeline, according to a statement […]

Additional Capacity Added at Faregh Oilfield

By John Lee. Waha Oil Company (WOC), a subsidiary of the National Oil Corporation (NOC), has completed preparations on another horizontal well in the Faregh oil field ahead of the planned start of second-phase experimental gas production by the end of the first quarter of 2019. Initial tests indicate that the B B-14-59 well is […]

GNA to examine Total-Marathon Deal

By John Lee. According to a report from Reuters, Libya is considering whether to intervene in Total‘s $450-million deal to buy Marathon Oil’s stake in the Waha oil field. Officials told the news agency that the National Oil Corporation (NOC) may be interested in buying the 16.33-percent stake, possibly with funds from Libya’s $67-billion sovereign wealth […]

Fire on Oil Pipeline feeding Es Sider

By John Lee. Libya’s National Oil Corporation (NOC) has confirmed that a fire broke out on 21st April 21 along the El-Zkout-Al Sidra oil pipeline, operated by the Waha Oil Company (WOC). The line connects the oil fields to the Sidra oil terminal. Initial investigations indicate that the fire occurred 117km from Zkout and 21km […]

Total buys Marathon’s Waha Oil Concession

Marathon Oil Corporation has announced it has signed and closed on the sale of its subsidiary, Marathon Oil Libya Limited, which holds the Company’s 16.33 percent non-operated interest in the Waha concessions in Libya, to a subsidiary of Total S.A. (Elf Aquitaine SAS) for cash consideration of $450 million. The divestiture represents a complete country […]

Waha Oil plans to Replace Pipelines and Tanks

Waha Oil Company (WOC) is looking to replace large sections of rusted pipelines and 12 oil tanks destroyed in 2014 at its As Sidra terminal. The company, however, has no financial resources to pay for the work and is, therefore, looking for “alternative means of payment“. (Source: GardaWorld)

Ports Prepare to Resume Oil Shipments

By John Lee. The oil ports of Es Sider and Ras Lanuf are reportedly resuming operations and preparing to export crude oil following a two-week pause due to clashes. Forces loyal to eastern-based Khalifa Haftar regained control over the two ports on 14th March. According to Bloomberg, Libya’s total production rose from 621,000 bpd to […]

Clashes hit Libya’s Crude Oil Output

By John Lee. According to a report from Bloomberg, Libya’s crude output has fallen 11 percent as clashes over the past 10 days have led to the closing of some oil export terminals. It claims that production is down from about 700,000 barrels per day (bpd) to around 620,000 bpd as Es Sider, the country’s […]