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November 26, 2021updated 27 Apr 2022 11:50am

Midyan Conventional Gas Field, Saudi Arabia

By Carmen

Midyan is a producing conventional gas field located in deepwater in Saudi Arabia and is operated by Saudi Arabian Oil. The field is located in block Saudi Aramco Concession Area, with water depth of 3,936 feet.

Field participation details

The field is owned by Saudi Arabian Oil.


Production from Midyan

The Midyan conventional gas field recovered 13.21% of its total recoverable reserves, with peak production in 2020. The peak production was approximately 4.28 thousand bpd of crude oil and condensate and 71 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2062.


Remaining recoverable reserves

The field is expected to recover 112.29 Mmboe, comprised of 19.99 Mmbbl of crude oil & condensate and 553.8 bcf of natural gas reserves. Midyan conventional gas field reserves accounts 0.04% of total remaining reserves of producing conventional gas fields globally.


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.

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