The total oil and gas production of Middle East in 2022 was 42.25mmboed an increase of 4.82% when compared to 2021. The largest oil and gas producing countries are Saudi Arabia, Iran, and Iraq. Through to 2030, annual oil and gas production is forecasted to increase by a CAGR of 1.42% to reach 48.06mmboed. GlobalData uses proprietary data and analytics to provide a complete picture of the global oil & gas fields segment. Buy the latest oil & gas fields profiles here.
Here are the 10 largest upcoming oil and gas fields by reserves in Middle East, according to GlobalData’s Oil & Gas, Upstream Fields Database.
1. North Field East
North Field East is located in Arabian Gulf, Qatar. This field is owned by ConocoPhillips (3.13%), Eni (3.12%), Exxon Mobil (6.25%), QatarEnergy (75%), Shell (6.25%), TotalEnergies (6.25%) and operated by QatarEnergy. Production from this field is expected to begin in 2026 and is forecasted to peak in 2028, approximately at the rate of 0.7mmboed of crude oil and natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2072. The project is expected to have recoverable reserves 11,326.88mmboe of crude oil and natural gas. Buy the profile here.
2. Jafurah Phase 2
Jafurah Phase 2 is located in Eastern Province, Saudi Arabia. This field is owned by Saudi Arabian Oil Co (100%) and operated by Saudi Arabian Oil Co. Production from this field is expected to begin in 2027 and is forecasted to peak in 2030, approximately at the rate of 0.43mmboed of crude oil and natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2083. The project is expected to have recoverable reserves 7,783mmboe of crude oil and natural gas. Buy the profile here.
3. North Pars
North Pars is located in Persian Gulf, Iran. This field is owned by National Iranian Oil Co (100%) and operated by Pars Oil and Gas Co. Production from this field is expected to begin in 2026 and is forecasted to peak in 2030, approximately at the rate of 0.59mmboed of crude oil and natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2059. The project is expected to have recoverable reserves 5,642.93mmboe of crude oil and natural gas. Buy the profile here.
4. North Field South
North Field South is located in Arabian Gulf, Qatar. This field is owned by ConocoPhillips (6.25%), QatarEnergy (75%), Shell (9.37%), TotalEnergies (9.38%) and operated by QatarEnergy. Production from this field is expected to begin in 2027 and is forecasted to peak in 2042, approximately at the rate of 0.35mmboed of crude oil and natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2068. The project is expected to have recoverable reserves 4,130.51mmboe of crude oil and natural gas. Buy the profile here.
5. Eridu
Eridu is located in Al Muthanna, Iraq. This field is owned by Inpex (40%), Lukoil Oil Co (60%) and operated by LUKOIL Overseas Iraq Exploration. Production from this field is expected to begin in 2025 and is forecasted to peak in 2028, approximately at the rate of 0.25mmboed of crude oil and natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2072. The project is expected to have recoverable reserves 2,579.76mmboe of crude oil and natural gas. Buy the profile here.
6. Eram
Eram is located in Persian Gulf, Iran. This field is owned by National Iranian Oil Co (100%) and operated by Iranian Central Oil Fields Co. Production from this field is expected to begin in 2028 and is forecasted to peak in 2037, approximately at the rate of 0.39mmboed of crude oil and natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2101. The project is expected to have recoverable reserves 2,151.81mmboe of crude oil and natural gas.
7. South Pars Phase 11
South Pars Phase 11 is located in Persian Gulf, Iran. This field is owned by National Iranian Oil Co (100%) and operated by Petropars. Production from this field is expected to begin in 2023 and is forecasted to peak in 2025, approximately at the rate of 0.17mmboed of crude oil and natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2065. The project is expected to have recoverable reserves 2,057.98mmboe of crude oil and natural gas. Buy the profile here.
8. Jafurah Phase 1
Jafurah Phase 1 is located in Eastern Province, Saudi Arabia. This field is owned by Saudi Arabian Oil Co (100%) and operated by Saudi Arabian Oil Co. Production from this field is expected to begin in 2025 and is forecasted to peak in 2027, approximately at the rate of 0.11mmboed of crude oil and natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2072. The project is expected to have recoverable reserves 2,006.3mmboe of crude oil and natural gas. Buy the profile here.
9. Farzad B
Farzad B is located in Persian Gulf, Iran. This field is owned by National Iranian Oil Co (100%) and operated by Petropars. Production from this field is expected to begin in 2025 and is forecasted to peak in 2027, approximately at the rate of 0.2mmboed of crude oil and natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2054. The project is expected to have recoverable reserves 1,796.35mmboe of crude oil and natural gas. Buy the profile here.
10. Pazan
Pazan is located in Fars, Iran. This field is owned by National Iranian Oil Co (100%) and operated by Iranian Central Oil Fields Co. Production from this field is expected to begin in 2027 and is forecasted to peak in 2033, approximately at the rate of 0.37mmboed of crude oil and natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2098. The project is expected to have recoverable reserves 1,706.2mmboe of crude oil and natural gas. Buy the profile here.
For more details on the upstream fields, buy the profiles here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
