• Assets

Rayyan Oil is a member of the Waha Group, which acquired exploration and production rights in Libya in the mid-1950s. Rayyan Oil holds a 16 percent non-operated working interest in the Waha concessions, which encompass almost 13 million gross acres located in the Sirte Basin of eastern Libya. Civil and political unrest has interrupted production operations in recent years. During 2016, Force Majeure was lifted in September, production commenced shortly thereafter and liftings resumed in December.