Ghawar Field

Ghawar Field
Ghawar Field is located in Saudi Arabia
Ghawar Field
Location of Ghawar Field
CountrySaudi Arabia
RegionEastern Province
LocationAl-Ahsa
Offshore/onshoreOnshore
Coordinates25°26′N 49°37′E / 25.43°N 49.62°E / 25.43; 49.62
(Centre approximation: 25°12′N 49°19′E / 25.20°N 49.31°E / 25.20; 49.31)
OperatorSaudi Aramco
Field history
Discovery1948
Start of production1951
Peak year2005 (Contested)
Production
Current production of oil3,800,000 barrels per day (~1.9×10^8 t/a)
Year of current production of oil2019
Current production of gas2,000×10^6 cu ft/d (57×10^6 m3/d)
Estimated oil in place48,250 million barrels (~6.583×10^9 t)
Estimated gas in place110,000×10^9 cu ft (3,100×10^9 m3)
Producing formationsUpper/Middle Jurassic, Upper/Lower Permian, Lower Devonian
External images
image icon Ghawar Field map and regional setting
image icon Regional cross section through Ghawar
image icon Total Wells at Ghawar. Blue wells are waterflood injectors, red are production wells.
Map of the approximate size, shape, and location of the Ghawar Oil Field.

Ghawar (Arabic: الغوار) is an oil field located in Al-Ahsa Governorate, Eastern Province, Saudi Arabia. Measuring 280 by 30 km (170 by 19 mi) (some 8,400 square kilometres (3,200 sq mi)), it is by far the largest conventional oil field in the world,[1] and accounts for roughly a third of the cumulative oil production of Saudi Arabia as of 2018.[2][3]

Ghawar is entirely owned and operated by Saudi Aramco, the state-run Saudi oil company. In April 2019, the company first published its profit figures since its nationalization nearly 40 years ago in the context of issuing a bond to international markets. The bond prospectus revealed that Ghawar is able to pump a maximum of 3.8 million barrels (600,000 m3) per day—well below the more than 5 million barrels (790,000 m3) per day that had become conventional wisdom in the market.[4][3]

  1. ^ Cite error: The named reference Durham was invoked but never defined (see the help page).
  2. ^ Cite error: The named reference Croft was invoked but never defined (see the help page).
  3. ^ a b "Saudi Arabian Oil Company - Global Medium Term Note Programme" (PDF). Saudi Arabian Oil Company. April 1, 2019. Retrieved April 4, 2019.
  4. ^ "The Biggest Saudi Oil Field Is Fading Faster Than Anyone Guessed". Bloomberg.com. 2 April 2019.

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