Libya’s Waha Oil Boosts Gas Output to Stabilise National Grid

Executive Summary

The Waha Oil Company successfully commissioned two new natural gas wells at the Faregh field in the Sirte Basin. This development is a critical step in Libya's strategy to stabilise its domestic electricity supply and reduce chronic power outages. The new wells add a combined 26 million cubic feet of gas per day to the national grid, reinforcing Libya's status as a key African energy producer.

Key Facts & Operational Numbers

• Operator: Waha Oil Company (a subsidiary of the National Oil Corporation).

• Field Location: Faregh Field, Sirte Basin (discovered in the early 1960s).

• New Wells Commissioned:

  • Well BB-19: Contributes 14 million cubic feet per day.

  • Well BB-20: Contributes 12 million cubic feet per day.

  • Total Addition: 26 million cubic feet of natural gas per day.

• Total Field Output: Following this addition, the Faregh field's production is estimated at roughly 150 million cubic feet per day, with a long-term operational target of 250 million cubic feet per day.

Strategic Impact & Energy Context

• Purpose: Unlike many major producers that prioritise exports, this gas is primarily allocated for domestic use. It supplies explicitly the Sarir power plant and the coastal gas network to support electricity generation.

• National Ranking: Libya holds Africa’s second-largest oil reserves and is the fourth-largest natural gas producer on the continent, trailing only Algeria, Egypt, and Nigeria.

• Technical Standards: The company stated that the drilling and completion of wells BB-19 and BB-20 were executed using the "latest drilling and completion technologies" to ensure reliability.

Ownership & Stakeholders

Waha Oil Company operates as a joint venture between:

• National Oil Corporation (NOC) (Libya / State-owned)

• TotalEnergies (France)

• ConocoPhillips (USA)

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