Dammam Redevelopment is a conventional oil development located onshore Saudi Arabia and is operated by Saudi Arabian Oil. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, lies in block Saudi Aramco Concession Area. Buy the profile here.
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 2033, 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.
For more details on the Dammam Redevelopment Conventional Oil Field, buy the profile 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.
