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  1. Market Data
April 28, 2022

Dammam Redevelopment Conventional Oil Field, Saudi Arabia

By Carmen

Dammam Redevelopment is a conventional oil development located onshore Saudi Arabia and is operated by Saudi Arabian Oil. Dammam Redevelopment lies in block Saudi Aramco Concession Area.

The project is currently in construction stage and is expected to start commercial production in 2024.

Field participation details

The field is owned by Saudi Arabian Oil.


Production from Dammam Redevelopment

Production from the Dammam Redevelopment conventional oil development project is expected to begin in 2024 and is forecast to peak in 2029, to approximately 74,963 bpd of crude oil and condensate. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2054.


Remaining recoverable reserves

The field is expected to recover 361.18 Mmboe, comprised of 361.18 Mmbbl of crude oil & condensate.


Contractors involved in the Dammam Redevelopment conventional oil field

The key contractors involved in the Dammam Redevelopment project as follows.

Other Contractors: NOV

About Saudi Arabian Oil

Saudi Arabian Oil Co (Saudi Aramco) is a state owned energy and chemical company. It carries out the exploration, production and processing of crude oil and natural gas, refining, fractionation of natural gas, production of petrochemicals, and distribution of petroleum products and natural gas. The company operates wholly-owned domestic refineries, and has interests in joint venture refineries with international partners. Saudi Aramco operates through a network of pipelines, bulk plants, air refueling sites and terminals. The company also operates power plants and associated transmission and distribution facilities in the Kingdom of Saudi Arabia. The company has subsidiaries and joint ventures across the Americas, Europe and other regions. Saudi Aramco is headquartered in Dhahran, Eastern Province, Saudi Arabia.

Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

Related Companies

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