Celebrating Prosperity

VIDEO: The road to Dammam Well 7, the Prosperity Well

Eighty-four years ago, Dammam Well 7 began producing commercial quantities of crude oil, setting the Kingdom on the road to prosperity.

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The road to Well 7, the Prosperity Well 


April 1935, Drilling starts at the first oil well in Dammam


December 1936, Work on the first deep well begins at Well 7


November 1937, Max Steineke examines Well 7 and directs to keep drilling


March 4, 1938, Announcement of Well 7 flowing in commercial quantities of oil at 1,585 barrels a day


March 7, 1938, The Flow rate from Well 7 more than doubles


August 30, 1938, Saudi Arabia becomes a major oil-producing nation


May 1, 1939, King Abdulaziz turns the valve that sends oil to a tanker for the first export of oil from Ras Tanura


1982 Well 7 is shut down after producing more than 32 million barrels


April 11, 1999, HRH Crown Prince Abdullah visits Well 7 and names it the Prosperity Well


This is the start of our journey to prosperity.


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