The total crude oil and condensate production of Middle East decreased by 1.59% in 2023 when compared to 2022. The largest oil producing countries in Middle East are Saudi Arabia, Iraq, and the UAE. Through to 2030, annual crude oil and condensate production is forecasted to increase by a CAGR of 1.29%. GlobalData uses proprietary data and analytics to provide a complete picture of the global oil & gas fields segment. Buy the latest oil & gas fields profiles here.
Here are the ten largest upcoming crude oil fields by reserves in Middle East, according to GlobalData’s Oil & Gas, Upstream Fields Database.
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1. Eridu
Eridu is located in Al Muthanna, Iraq. This crude oil field is owned by Inpex Corp (20%), Lukoil Oil Co (80%) and operated by LUKOIL Overseas Iraq Exploration BV. Production from this field is expected to begin in 2025 and is forecasted to peak in 2028, approximately at the rate of 0.25mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2071. Buy the profile here.
2. Aqam
Aqam is located in Dubai, the UAE. This crude oil field is owned by Dubai Petroleum Establishment (100.00%) and operated by Dubai Petroleum Establishment. Production from this field is expected to begin in 2024 and is forecasted to peak in 2028, approximately at the rate of 0.08mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2047. Buy the profile here.
3. Dammam Redevelopment
Dammam Redevelopment is located in Eastern Province, Saudi Arabia. This crude oil field is owned by Saudi Arabian Oil Co (100.00%) and operated by Saudi Arabian Oil Co. Production from this field is expected to begin in 2024 and is forecasted to peak in 2029, approximately at the rate of 0.07mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2052. Buy the profile here.
4. Changuleh
Changuleh is located in Ilam, Iran. This crude oil field is owned by National Iranian Oil Co (100.00%) and operated by National Iranian Oil Co. Production from this field is expected to begin in 2026 and is forecasted to peak in 2035, approximately at the rate of 0.05mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2051. Buy the profile here.
5. Susangerd
Susangerd is located in Khuzestan, Iran. This crude oil field is owned by National Iranian Oil Co (100.00%) and operated by Arvandan Oil & Gas Co. Production from this field is expected to begin in 2025 and is forecasted to peak in 2027, approximately at the rate of 0.03mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2060. Buy the profile here.
6. Mond-Kaki-Bushgan
Mond-Kaki-Bushgan is located in Bushehr, Iran. This crude oil field is owned and operated by National Iranian Oil Co. Production from this field is expected to begin in 2025 and is forecasted to peak in 2030, approximately at the rate of 0.03mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2081. Buy the profile here.
7. Akri-Bijeel
Akri-Bijeel is located in Arbil, Iraq. This crude oil field is owned by Kurdistan Regional Government (20.00%), Rosneft Oil Co (80.00%) and operated by Rosneft Oil Co. Production from this field is expected to begin in 2025 and is forecasted to peak in 2028, approximately at the rate of 0.05mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2061. Buy the profile here.
8. Arvand
Mond-Kaki-Bushgan is located in Bushehr, Iran. This crude oil field is owned by National Iranian Oil Co and operated by Iranian Central Oil Fields Co. Production from this field is expected to begin in 2024 and is forecasted to peak in 2029, approximately at the rate of 0.03mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2080. Buy the profile here.
9. Isfandiar
Isfandiar is located in Persian Gulf, Iran. This crude oil field is owned by National Iranian Oil Co (100.00%) and operated by Iranian Offshore Oil Co. Production from this field is expected to begin in 2026 and is forecasted to peak in 2030, approximately at the rate of 0.02mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2046.
10. Mafraq
Mafraq is located in Ash Sharqiyah South, Oman. This crude oil field is owned by Mafraq Energy LLC (35.00%), Maha Energy AB (65.00%) and operated by Maha Energy Oman Ltd. Production from this field is expected to begin in 2026 and is forecasted to peak in 2028, approximately at the rate of 0mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2033. Buy the profile here.
For more details on the upstream fields, buy the profiles 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.
