Global crude oil and condensate production increased by 4.21% during 2022-2023. The largest oil producing countries are the US, Russia and Saudi Arabia. Through to 2030, annual global oil production is forecast to decrease by a CAGR of 0.12%. GlobalData uses proprietary data and analytics to provide a complete picture of the global oil & gas fields segment. Buy the latest oil & gas field profiles here.
In 2023, the US had the highest crude oil production, followed by Russia and Saudi Arabia. Here are the 10 largest oil producing fields by production globally in 2023, according to GlobalData’s oil & gas upstream fields database.
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1. Ghawar
Ghawar 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. The field produced 3.06mmbpd in 2023 and recovered 69.13% of its total recoverable crude oil and condensate reserves, with peak production in 1980. The peak production was approximately at 5.56mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2081. The field currently accounts for approximately 3.95% of the total global daily crude oil and condensate output and it is expected to recover 39, 713.12mmbbl of crude oil and condensate. Buy the profile here.
2. Zuluf
Zuluf is located in Arabian Gulf, Saudi Arabia. This crude oil field is owned by Saudi Arabian Oil Co (100.00%) and operated by Saudi Arabian Oil Co. The field produced 0.74mmbpd in 2023 and recovered 29.08% of its total recoverable crude oil and condensate reserves, with peak production in 2028. The peak production will be approximately at 1.37mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2068. The field currently accounts for approximately 0.96% of the total global daily crude oil and condensate output and it is expected to recover 16,729.04mmbbl of crude oil and condensate. Buy the profile here.
3. Marjan Complex
Marjan Complex is located in Arabian Gulf, Saudi Arabia. This crude oil field is owned by Saudi Arabian Oil Co (100.00%) and operated by Saudi Arabian Oil Co. The field produced 0.47mmbpd in 2023 and recovered 36.95% of its total recoverable crude oil and condensate reserves, with peak production in 2027. The peak production will be approximately at 0.78mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2068. The field currently accounts for approximately 0.6% of the total global daily crude oil and condensate output. Buy the profile here.
4. Shaybah
Shaybah 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. The field produced 0.91mmbpd in 2023 and recovered 31.14% of its total recoverable crude oil and condensate reserves, with peak production in 2022. The peak production was approximately at 0.98mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2093. The field currently accounts for approximately 1.18% of the total global daily crude oil and condensate output. Buy the profile here.
5. Khurais Complex
Khurais Complex is located in Eastern Province, Saudi Arabia. This crude oil field is owned by Saudi Arabian Oil Co (100.00%) and operated by Kuwait Oil Co. The field produced 0.95mmbpd in 2023 and recovered 27.05% of its total recoverable crude oil and condensate reserves, with peak production in 2025. The peak production will be approximately at 1.42mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2077. The field currently accounts for approximately 1.23% of the total global daily crude oil and condensate output. Buy the profile here.
6. Greater Burgan
Greater Burgan is located in Al Ahmadi, Kuwait. This crude oil field is owned by Kuwait Petroleum Corp (100.00%) and operated by Kuwait Oil Co. The field produced 1.66mmbpd in 2023 and recovered 80.29% of its total recoverable crude oil and condensate reserves, with peak production in 1972. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2041. The field currently accounts for approximately 2.14% of the total global daily crude oil. Buy the profile here.
7.Changqing (PetroChina)
Changqing (PetroChina) is located in Shaanxi, China. This crude oil field is owned by China National Petroleum Corp (100.00%) and operated by PetroChina Changqing Oilfield Co. The field produced 0.51mmbpd in 2023 and recovered 37.56% of its total recoverable crude oil and condensate reserves, with peak production in 2035. The peak production will be approximately at 0.53mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2066. The field currently accounts for approximately 0.65% of the total global daily crude oil and condensate output. Buy the profile here.
8. Rumaila
Rumaila is located in Al-Basrah, Iraq. This crude oil field is owned by China National Petroleum Corp (47.94%), BP Plc (46.06%), Ministry of Oil, Iraq (6.00%) and operated by Rumaila Field Operating Organisation (ROO). The field produced 1.39mmbpd in 2023 and recovered 70.75% of its total recoverable crude oil and condensate reserves, with peak production in 1979. The peak production was approximately at 1.7mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2049. The field currently accounts for approximately 1.8% of the total global daily crude oil and condensate output. Buy the profile here.
9.Safaniyah
Safaniyah is located in Arabian Gulf, Saudi Arabia. This crude oil field is owned by Saudi Arabian Oil Co (100.00%) and operated by Saudi Arabian Oil Co. The field produced 0.85mmbpd in 2023 and recovered 72.29% of its total recoverable crude oil and condensate reserves, with peak production in 1981. The peak production was approximately at 1.54mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2052. The field currently accounts for approximately 1.1% of the total global daily crude oil and condensate output. Buy the profile here.
10.Berri
Berri is located in Arabian Gulf, Saudi Arabia. This crude oil field is owned by Saudi Arabian Oil Co (100.00%b) and operated by Saudi Arabian Oil Co. The field produced 0.23mmbpd in 2023 and recovered 47.48% of its total recoverable crude oil and condensate reserves, with peak production in 1976. The peak production was approximately at 0.77mmbpd of crude oil and condensate. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2062. The field currently accounts for approximately 0.3% of the total global daily crude oil and condensate output. 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.
