In a USD 450 MM deal, Total has acquired Marathon Oil Libya, holder of a 16.33% stake in the Waha concessions totalling 53,000 sq km in Libya, at the same time access to resources over 500 MMboe and production of 50,000 boe/d (net). Waha Oil Co. operates the assets on behalf of NOC (59.18%), Total (16.33%), ConocoPhillips (16.33%) and Hess (8.16%).  Total is otherwise active in Libya through the offshore Al Jurf field (Total, 37.5%) and the El Sharara onshore area (Total 15% in ex-NC 115 and 12% in ex-NC 186), 31,500 boe/d net. 
Marathon Oil has struck a deal which will see it sell its stake 16,33% in the Waha concession in Libya to Total for US$450 MM. (National Oil Corporation 59,18%, ConocoPhillips 16,33%) and Hess 8,16%).