Top Ten Oil And Gas Companies in Saudi Arabia | Saudi Arab Petroleum Industry

Saudi Arabia has been a significant oil and gas producer for decades. It is the world’s largest oil exporter, with its production at 12 million barrels per day. Saudi Arabia also ranks as the world’s second-largest natural gas supplier after Russia. Many petroleum companies in Saudi Arabia provide these resources to other countries around the globe, including France, China, and India. This article will introduce you to ten of the most prominent oil and gas companies in Saudi Arabia.

Oil and Gas Industry in Saudi Arabia

The oil and gas industry in Saudi Arabia has grown significantly from its modest beginnings. The country now ranks as the world’s second-largest supplier of natural gas, with an output of 27 billion cubic meters per day.

Saudi Arabia is also the world’s leading oil exporter, exporting 12 million barrels daily to countries such as the U.S., China, and France.

Saudi Arabia is home to some of the world’s largest petroleum companies, which supply these resources around the globe.

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Top Ten Oil and Gas Company in Saudi Arabia

The following is a list of the top ten oil and gas companies in Saudi Arabia. The list includes their company headquarters, as well as some information on notable projects that they’ve been involved with:

1.Saudi AramcoBiggest Oil and Gas Companies in Saudi Arabia

Saudi Aramco, oil and gas companies in saudi arabia
Saudi Aramco

Saudi Aramco is one of Saudi Arabia’s largest oil companies. It has a proven crude oil reserve of 264.0 billion barrels and an estimated natural gas reserve of 16 trillion cubic feet. The Company produces about 12 million barrels per day (bpd) from its total production capacity at 13 million bpd, excluding exploration volume for new reserves and significant volumes produced by joint ventures with international partners.

The Company was established by royal decree in 1933, the year that Standard Oil Company of California (Socal) and Texaco Inc. completed 50-50 ownership interests in Motiva Enterprises LLC. Saudi Aramco is jointly owned by Socal, Chevron Corporation, ExxonMobil Corp., Royal Dutch Shell Group, Total SA, and Partex Petroleum International Ltd.

Saudi Aramco’s CEO Khalid A Al Falih has said, “In 2022, we will be producing 12 million barrels per day.”

  • Industry: – Oil and Gas
  • Employees: – 66,800 (2020)
  • Founded: – 1933
  • Revenue (USD): – US$49.0 billion (2020)
  • Headquarter: – Dhahran, Eastern Province, Saudi Arabia
  • Website: – https://aramco.com/

2.INDUSTRIALIZATION AND ENERGY SERVICES

INDUSTRIALIZATION AND ENERGY SERVICES
INDUSTRIALIZATION AND ENERGY SERVICES

Haji Ghalib Al Asiri founded a company in July 2003. The Company helps people in Saudi Arabia with plants. It does this through partnerships with companies from other countries, like Siemens AG.

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In March 2009, IESCO participated in building two LNG trains at Ras Laffan Port’s Qatargas II complex by signing on with Technip SNCI.

The Company makes power plants. This includes designing, making, and selling them. It also offers maintenance services, project management, and engineering services.

IESCO has been listed as Saudi Arabia’s leading Company in oil and gas by Forbes Middle East.

  • Industry: – Oil & Gas Field Services
  • Founded: – 2003
  • Revenue (USD): – $1.20 billion USD
  • Headquarter: – Dhahran ,Saudi Arabia

3.MCDERMOTT ARABIA COMPANY LIMITED

MCDERMOTT ARABIA COMPANY LIMITED
MCDERMOTT ARABIA COMPANY LIMITED

McDermott Arabia Company Limited is the most successful oilfield service company in Saudi Arabia. They are very good and have many customers.

McDermott offers the following services:

  1. drilling, completions & production enhancement;
  2. subsea construction and installation;
  3. pipeline systems design, fabrication & commissioning.
  4. Offshore oil and gas facilities development.

The Company focuses on achieving safe operating conditions while minimizing our environmental footprint – activities which have earned us global recognition for sustainability excellence. McDermott operates safely across more than 20 countries around the world from offices located throughout Europe, Africa, the Asia-Pacific region, and North America to address challenging projects.

  • Industry: – Oil & Gas Field Services
  • Employees: – 950
  • Revenue (USD): – $999.00 million USD
  • Headquarter: – Al Khobar, Saudi Arabia
  • Website: – https://www.mcdermott.com/

4.ABDEL HADI ABDULLAH AL QAHTANI & SONS CO

ABDEL HADI ABDULLAH AL QAHTANI & SONS CO
ABDEL HADI ABDULLAH AL QAHTANI & SONS CO

Abdel Hadi Abdullah Al Qahtani & Sons Co. is the largest and oldest oil services company in Saudi Arabia, which Abdel Hadi Abdullah Al-Qahtani founded in 1948.

The Company operates across three primary industries:

  1. Engineering Services,
  2. Construction Services, and
  3. Supply Chain Management; 

The Company has employed over 8000 people from all walks of life, including Saudis and expatriates.

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  • Industry: – Oil & Gas Field Services
  • Employees: – 8,000+
  • Founded: – 1948
  • Revenue (USD): – $1.12 billion
  • Headquarter: – Dammam ,Saudi Arabia
  • Website: – https://ahqsons.com/

5.SEPCO ARABIA COMPANY- Oil and Gas Companies in Saudi Arabia

SEPCO ARABIA COMPANY, oil and gas companies in dammam
SEPCO ARABIA COMPANY

SEPCO ARABIA COMPANY is a diversified engineering and construction company that operates across the oil, gas, petrochemical, and industrial sectors. The Company has been in Saudi Arabia’s power sector for more than 50 years. It works with a government-owned utility company, and it is one of the largest contractors.

SEPCO is a company that provides project management services and maintenance for big energy companies. These companies are called Siemens AG, GE, ABB Group Ltd., WEC, and SGCC.

It also constructs electricity generation plants through contracts with the Saudi Electricity Company (SEC).

  • Industry: – Oil and Gas
  • Employees: – 5000+
  • Founded: – 1952
  • Revenue (USD): – $703.05 million USD
  • Headquarter: – Riyadh, Saudi Arabia
  • Website: – http://www.sepco.net.cn/
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6.HALLIBURTON ENERGY SERVICES INC- Top Oil and Gas Companies in Saudi Arabia

HALLIBURTON ENERGY SERVICES INC
HALLIBURTON ENERGY SERVICES INC

Halliburton is one of the most prominent oil and gas companies in Saudi Arabia. It provides a wide range of services for industrial and government customers around the world. They also have one of the most powerful oilfield service companies in Saudi Arabia.

The Company was started by a man named Erle Halliburton. He had been running an explosives company that sold to coal mines and oil companies, but then he made some money, so he started this Company. The new Company became incorporated on September 17, 1919, as Brown & Root Inc., with its headquarters at Duncan Building’s south tower in downtown Houston.

  • Industry: – Oil and Gas
  • Employees: – 3600+
  • Founded: – 1919
  • Revenue (USD): – $506.20 million USD
  • Headquarter: – Oklahoma, United States. (Al Khobar, Saudi Arabia)
  • Website: – http://www.halliburton.com/

7.RAWABI OIL & GAS COMPANY In Saudi Arabia

RAWABI OIL & GAS COMPANY In Saudi Arabia
RAWABI OIL & GAS COMPANY In Saudi Arabia

RAWABI OIL & GAS COMPANY is the leading oil and gas company in Saudi Arabia. It has been ranked among the top 500 international companies for five consecutive years by “The Fortune Global.”

The Company’s activities range from exploration and development to hydrocarbons, including crude oil and natural gas. RAWABI also trades LPG (liquefied petroleum gases) globally through its subsidiaries located across Europe, North America, South East Asia, and Africa.

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  • Industry: – Oil and Gas
  • Employees: – 3500+
  • Founded: – 1980
  • Revenue (USD): – $492.14 million
  • Headquarter: – Al Khobar, Saudi Arabia
  • Website: – http://www.rawabioilandgas.com/

8.BIN QURAYA HOLDING COMPANY in Saudi Arabia

BIN QURAYA HOLDING COMPANY in Saudi Arabia,petroleum companies in saudi arabia
BIN QURAYA HOLDING COMPANY in Saudi Arabia

The Company is one of the largest and fastest-growing independent downstream oil companies in Saudi Arabia. The Company has an established reputation for being a trendsetter in innovation, design, quality, and customer service.

Bin Quraya Holding Company was started to help people. They want to be good at their job and also work on what is good for the environment.

Today Bin Quraya employs more than 2100 people nationwide, with its head office located at Dhahran in the Eastern province, which contributes significantly to the economic growth of Saudi Arabia’s Eastern region.

At present, Bin Quraaya operates 19 petrol stations across 12 cities throughout Saudi Arabia and has seven oil depots.

  • Industry: – Oil and Gas
  • Employees: – 2100+
  • Founded: – 1975
  • Revenue (USD): – $365.59 million USD
  • Headquarter: – Dhahran, Saudi Arab
  • Website: – http://www.binquraya.com/
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9.MIA ARABIA COMPANY In Saudi Arabia

MIA ARABIA COMPANY In Saudi Arabia
MIA ARABIA COMPANY In Saudi Arabia

The latest entry in the top ten companies is MIA Arabia Company. This Company was founded as a joint venture between Saudi Arabian Oil Industries (Aramco) and Mitsui & Co Ltd., Japan’s largest trading house, in 2010. 

With an investment of $140 million, it has grown to employ more than 1000 people across its offices at Al Khobar and Dammam.

MIA Arabia provides oil exploration services. They have the goal of helping their clients make more money. This is done by drilling for natural gas and engineering projects like rigs or offshore platforms that help companies produce more.

  • Industry: – Oil and Gas
  • Employees: – 1000+
  • Founded: – 2010
  • Revenue (USD): – $140.61 million USD
  • Headquarter: – Al Khobar, Saudi Arabia
  • Website: -http://www.miaarabia.com/

10.AL KHAFJI JOINT OPERATIONS In Saudi Arabia

AL KHAFJI JOINT OPERATIONS
AL KHAFJI JOINT OPERATIONS

AL KHAFJI JOINT OPERATIONS is the largest oil exploration company in Saudi Arabia. The Company has been operating since 1958 and employs 750 people between its two offices: Khafji and Dammam. 

The majority of their work takes place offshore on rigs or platforms used to extract more oil from reservoirs deep below the surface of the ocean floor. This type of drilling is done either by using a platform that can be moved around with pumps attached to an anchor point or by attaching drills onto submersible vessels like jack-ups that stay moored in one spot for several years.

  • Industry: – Oil and Gas
  • Employees: – 750+
  • Founded: – 1958
  • Revenue (USD): – $105.46 million USD
  • Headquarter: – Khafji, Saudi Arabia

What is the largest oil company in Saudi Arabia?

Saudi Arabian Oil Co. (also known as Aramco) is the largest oil company in Saudi Arabia, with a mission to “conduct its business and operations according to international standards of good governance.”

The Company was founded by royal decree on February 25, 1933, and has been under national control since 1980.

How many oil rigs are in Saudi Arabia?

In June of 2015, Saudi Arabia had 13 oil rigs and 53 gas drilling platforms.

Who is the richest oil company?

Saudi Aramco is the richest oil company, with a net worth of $426 billion.

Conclusion:

Saudi Arabia has many populated oil and gas companies. Among all of them, we covered the top ten biggest oil and gas companies in Saudi Arabia. I hope you find this article helpful.

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