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Dammam Well No. 7 — Dhahran، Saudi Arabia
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Dammam Well No. 7

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Price
725,000 TGZ
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About Dammam Well No. 7 and its history

The first oil well in the Kingdom to produce in commercial quantities, in 1938.

Dammam No. 7, also known as "Prosperity Well", is an oil well located in Dammam, Saudi Arabia, notable for being the site where commercial quantities of oil were first discovered in the country on March 3, 1938. This discovery marked the beginning of Saudi Arabia's transformation into one of the world's leading oil producers. The well, which operated continuously until its closure in 1982, is now a historic landmark and part of an Aramco museum.

Discovery and early development

When drilling commenced in the 1930s, the existence of oil in Saudi Arabia was uncertain. The discovery of oil in neighboring Bahrain in 1932, however, spurred Saudi Arabia to initiate its own oil exploration efforts.

The California Arabian Standard Oil Company (CASOC), later known as Saudi Aramco, had secured a concession agreement with the Saudi government in 1933, and began drilling in Dammam in the Eastern Province. Prior to this, the region consisted of small fishing villages. CASOC faced immense logistical challenges, requiring the construction of infrastructure from scratch. Drilling continued at Dammam No. 7 despite initial setbacks with the first six wells (Dammam No. 1–6), which failed to yield significant commercial quantities of oil. By November 1937, all other drilling operations in the kingdom were halted, and efforts were concentrated on this well, which had already reached twice the depth of the "Bahrain Zone", where oil had been discovered in Bahrain.

In a project led by American geologist Max Steineke and assisted by Saudi Bedouin Khamis Bin Rimthan, the two men persisted to drill deeper in the well. On March 3, 1938, commercial volumes of oil began gushing out of the well at a depth of approximately 1,440 m (4,720 ft). On that day, 1,585 barrels of oil were extracted from the well, and six days later this daily output had increased to 3,810 barrels. By October 1938, the Dammam field was confirmed as a viable commercial oil source. The discovery validated the persistence of chief geologist Max Steineke, who advocated drilling deeper despite earlier setbacks.

Source: Wikipedia · text available under CC BY-SA 4.0

Location
Dhahran, Saudi Arabia
Coordinates
26.3200, 50.1300
Category
Historic Landmarks

Source: Wikipedia · Factual information about the real landmark; unrelated to virtual ownership.

Price & ownership history

150,000declared price over time725,000

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