WOCs Waha fields currently produce around . On 29 December 2005, ConocoPhillips and co-venturers reached an agreement with NOC to return to its oil and natural gas exploration and production operations in Libya and extend the Waha concessions another 25 years. ConocoPhillips operates the Waha fields with a 16.33% share in the project. NOC has the largest share of the Waha concession, and additional partners include Marathon Oil (16.33%) and Amerada Hess.Marathon Oil Corporation Annual Report 2005 , p. 50
