Waha Oil aims for 42,000 bpd production increase by 2026

This goal was announced during a two-day review of Waha's technical and financial plans and projects for 2025-2027, held at the National Oil Corporation's NOC Tripoli headquarters. The first day of the meeting included presentations on safety, environment, reservoir engineering, drilling, maintenance, projects, technology, financial affairs, and the production increase plan. Current production stands at 357,000 bpd, with 27,000 bpd of the 2026 target already completed, achieving 64% of the goal.

A program to drill 29 new wells, including vertical, horizontal, and water-injection wells, was also discussed. The second day focused on engineering projects, addressing pipe leaks, financial obligations, and contractor impacts, with an emphasis on securing financing and improving safety. The meeting concluded with the NOC stressing the importance of ongoing coordination to overcome challenges and expedite projects to ensure sustained and increased production.

Attendees included a Board of Directors member for Exploration and Production Affairs, the Chairman of Waha Oil's Management Committee, representatives from ConocoPhillips and Total Energies, and other specialists.