Current Developments in the Oilfields of the Middle East

THE EXCUSE for producing still another paper dealing with the oilfields of the Middle East is the overwhelming importance of this area to everyone, both inside and out of the oil industry. Figure 1 shows the area defined as the Middle East for the purpose of this paper. No description of what constitutes the Middle East is generally acceptable to everyone and, in fact, in many parts of the world it is referred to as "Western Asia". At the time ?the writer went to work as a geologist in the Middle East -this was in 1926 -there were just three known oilfields, namely, Hurghada in Egypt, Naft Khaneh in the Transferred Territories of Iraq, and Masjid-i-Sulai-man in Persia. Their combined producing rate at that time was around 100,000 barrels per day. Toda y, just thirty years later, some forty-two fields have been proven to exist, and a recent discovery in Syria -if commercial -may add one more to the list. Producing rates at the end of last year ( 1956) were approaching four million barrels per day. This sizable figure re presents nearly 23 per cent of the total Free World's production. What is more important still, something over 70 per cent of the Free World's proven oil reserves are known to exist in the subsoil of the Middle East.