Waha Oil Company (WOC) is currently producing about 260,000 b/d, compared to just over 120,000 b/d in early August, according to comments made by the company’s chairman, Ahmed Ammar, at a conference in Tunis on 21 November. WOC is one of the major resource holders in the oil-rich Sirte basin in Libya’s east.
Even if Mr Ammar’s figures include associated gas production, this would still imply crude output of an estimated 235,000 b/d, along with about 145mn cfd of gas, based on figures from 2012-13, the last time WOC fields were producing at a similar level. (CONTINUED - 1693 WORDS)
