Major Discovery: Saudi Arabia Confirms 14 New Oil and Gas Fields

Saudi Aramco has discovered 14 new oil and gas fields, strengthening the kingdom’s already massive energy portfolio, according to Reuters.

Discoveries Span Across Key Regions

The newly discovered fields and reservoirs are located in eastern Saudi Arabia and the expansive Rub’ al-Khali desert.

Crude Production Already Underway

Six of the fields and two reservoirs are currently producing a combined 8,126 barrels per day of Arabian crude in various grades.

Natural Gas Output Adds to Energy Supply

Gas production from two fields and four reservoirs totals approximately 80.5 million cubic feet of natural gas per day, along with 2.11 million cubic feet of associated gas.

Strategic Boost for Saudi Energy Sector

The finds mark another milestone for Saudi Aramco, the kingdom’s state-run energy giant and one of the world’s most influential oil producers.

Nearly 9 Million Barrels Produced Daily

Reuters reports that Saudi Arabia, the top global oil exporter, pumped close to 9 million barrels per day in February 2025, according to internal data.

Aramco Remains an Economic Powerhouse

Despite fluctuating prices, Saudi Aramco continues to generate massive revenues that fund large portions of the Saudi government’s budget.

2024 Profits Reach $106.2 Billion

Aramco posted a profit of $106.2 billion in 2024, down 12.4% from 2023 — still one of the highest in the global energy industry.

Record Year in 2022

In 2022, Aramco recorded a $161.1 billion profit, marking a 46.5% year-over-year increase — the highest in the company’s history.

Once the World’s Most Valuable Company

In May 2022, Saudi Aramco briefly surpassed Apple to become the world’s most valuable company, fueled by surging oil prices.