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November 22, 2021updated 27 Apr 2022 12:59pm

Safaniyah Conventional Oil Field, Saudi Arabia

By Carmen

Safaniyah is a producing conventional oil field located in shallow water in Saudi Arabia and is operated by Saudi Arabian Oil. The field is located in block Saudi Aramco Concession Area.

Two expansion projects are associated with the Safaniyah conventional oil field, namely Safaniyah Phase 6 and Safaniyah Phase 7. The expansion projects are currently in the commissioning and construction stage.

Field participation details

The field is owned by Saudi Arabian Oil.


Production from Safaniyah

The Safaniyah conventional oil field recovered 55.16% of its total recoverable reserves, with peak production in 1981. The peak production was approximately 1,544 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2052. The field currently accounts for approximately 8% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 15,325.97 Mmboe, comprised of 13,508.49 Mmbbl of crude oil & condensate and 10,904.88 bcf of natural gas reserves. Safaniyah conventional oil field reserves accounts 3.32% of total remaining reserves of producing conventional oil fields globally.


Contractors involved in the Safaniyah conventional oil field

Some of the key contractors involved in the Safaniyah project as follows.

Design/FEED Engineering: John Wood Group

Main EPC: Chiyoda, Larsen & Toubro, McDermott International, National Marine Dredging and Subsea 7

EPC Contractors: Dynamic Industries Saudi Arabia and IMCC Investment

Other Contractors: Acteon Group, Innovo Engineering and Construction, James Fisher and Sons, Maridive & Oil Services and Subsea 7

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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