Ghawar Field

Ghawar (Arabic: الغوار) is an oil field located in Al-Ahsa Governorate, Eastern Province, Saudi Arabia.

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.

[4][3] Ghawar occupies an anticline above a basement fault block dating to Carboniferous time, about 320 million years ago; Cretaceous tectonic activity, as the northeast margin of Africa began to impinge on southwest Asia, enhanced the structure.

[5] In the early 1940s, Max Steineke, Thomas Barger and Ernie Berg noted a bend in the Wadi Al-Sahbah dry riverbed.

[2] In 2009, it was estimated that Ghawar produced about 5 million barrels (790,000 m3) of oil a day (6.25% of global production),[11] a figure which was later shown to be substantially overestimated.

In April 2010, Saad al-Tureiki, Vice-President for Operations at Aramco, stated, in a news conference reported in Saudi media, that over 65 billion barrels (10.3 km3) have been produced from the field since 1951.

[11] Matthew Simmons, in his 2005 book Twilight in the Desert, suggested that production from the Ghawar field and Saudi Arabia may soon peak.

Map of the approximate size, shape, and location of the Ghawar Oil Field.