Libya’s Waha consortium (NOC 59.18%, Total 16.33%, ConocoPhillips 16.33%, Hess 8.16%) managed to boost its gas output to an all-time record 265mn cfd in 2019, while crude output came in at a seven-year high 281,000 b/d. Waha saw none of the forced shutdowns in 2019 which dogged output in previous years and in fact managed to bring online the long-delayed 180mn cfd-capacity Faregh Phase-2 gas project in November which helped it reach a quarterly record of 265mn cfd in Q419.
Things were looking up for Waha before an 18 January forced oil blockade by eastern-based General Khalifa Haftar slashed Libya’s total output by more than 1mn b/d (MEES, 31 January). National Oil Corporation (NOC) had been dusting off plans to boost output at two Waha fields by 180,000 b/d from two projects (MEES, 25 October 2019). (CONTINUED - 217 WORDS)
