Libyan-Italian venture to raise Al-Waha gas output
Libya’s oil and gas prospecting company Al-Waha plans to raise the output of the Defa-Waha gas field to 8.8 billion cubic feet per day (Bcf/d), as part of the $5.6 billion Western Libya Gas Project (WLGP). Waha sits atop gas, oil and condensate reserves estimated at 1.1 trillion cubic feet (Tcf), reported OGI.
The block’s development was undertaken by the Al-Waha Company for Libyan Oil, a subsidiary of the state-owned Libyan National Oil Corporation (NOC), and Agip Nord Africa, subsidiary of Italian ENI, after US consortium Oasis Group had abandoned its Libyan operations in 1986, with the imposition of US sanctions on the country. — (menareport.com)
Eni operates in Libya in the exploration and production of hydrocarbons, natural gas and engineering and oilfield services. In 1999, Agip concluded an agreement with NOC providing for the joint development of the Al-Wafa fields, located 520 kilometers south west of Tripoli. — (menareport.com)
© 2003 Mena Report (www.menareport.com)