Libya’s Waha Oil Company saw oil output rise to 306,000 b/d for 4Q 2024, the highest quarterly figure since early 2013 (see chart). This comes on the back of development drilling and infrastructure upgrades. Speaking at the start of 2024 Dag Sanner, Libya chief of Waha partner ConocoPhillips said “effective capacity” had risen from 285,000 b/d to 300,000 b/d over the course of 2023 (MEES, 19 January).
Libya: Waha Output Hits 11-Year High As Company Faces Corruption Controversy
Libya’s key Waha concession saw output hit an 11-year high quarterly figure of 306,000 b/d for 4Q 2024, whilst a claimed daily high of 375,000 b/d would be the highest since 2008. But corruption charges and management instability threaten to destabilize the company, whilst foreign partners Total & Conoco say better terms are needed for them to sanction the investment needed for further expansion.
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Libya's Waha Oil Concession Produced An 11-Year High Of 306,000 b/d For Q4
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Libya’s Waha Oil Company Blocks
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