Since 1994

Powering Progress. Building Legacies.

Exploration, production and investment alongside national oil companies in Saudi Arabia, Algeria, Egypt and Azerbaijan, since 1994.

Explore our portfolio
A pump jack on an oil field under a clear sky, low hills in the distance.

Who we are

Midad Energy explores for and produces oil and gas, and invests in the infrastructure that carries it to market. Headquartered in Riyadh, we have worked alongside national oil companies and international operators in Saudi Arabia, Algeria, Egypt and Azerbaijan since 1994.

About

Midad Energy in numbers

Our divisions

Open sand and dark rock outcrops in the desert, with two people walking in the distance.

Flagship project

$5.4

billion

Illizi Sud

A thirty-year production sharing contract with Sonatrach covering exploration, appraisal and full field development in the Illizi Basin, near Algeria’s border with Libya. Midad Energy is funding the exploration phase in full.

Global presence

Saudi Arabia — Present since 1994 Algeria — Present since 2010 Egypt — Present since 2002 Azerbaijan — Present since 1994
  • Saudi Arabia Present since 1994
  • Algeria Present since 2010
  • Egypt Present since 2002
  • Azerbaijan Present since 1994
More about the company

1994

Alongside bp, SOCAR and Statoil since 1994

The Azeri-Chirag-Gunashli production sharing agreement, signed in Baku in 1994, opened the Caspian to international investment. Midad Energy took part in it, contributing to early engineering, operational planning and investment structure alongside bp, SOCAR and Statoil. It is the reason we describe ourselves as an international company rather than a Saudi company that travels.

Powering progress responsibly

We align our sustainability framework with four of the United Nations Sustainable Development Goals.

  • SDG 7: Affordable and Clean Energy

    Expanding access to sustainable energy.

  • SDG 8: Decent Work and Economic Growth

    Empowering local talent and communities.

  • SDG 9: Industry, Innovation and Infrastructure

    Building resilient, technology-driven systems.

  • SDG 17: Partnerships for the Goals

    Strengthening global cooperation for shared success.

Our approach

Our standards

We apply the same internal health, safety and environment requirements in Algeria and Egypt as we do in Saudi Arabia, modelled on international practice. Four commitments hold across every operation.

How we operate

  • Safety

    A safety culture without compromise

  • Stewardship

    Responsible extraction of the resources we are trusted with

  • Emissions

    Emission reduction and efficient use of energy

  • Readiness

    Continuous training and readiness for emergencies

Newsroom

Announcements, project milestones and partnership news.

Representatives of Midad Energy and Sonatrach signing the Illizi Sud production sharing contract. Midad Energy signs a $5.4 billion production sharing contract with Sonatrach A 30-year production sharing contract for the Illizi Sud perimeter in south-eastern Algeria. Midad Energy funds 100% of the estimated US$5.4 billion investment. Read
Discover all news

Talk to us about a partnership

If you are looking for a partner in upstream oil and gas or energy infrastructure, we would like to hear from you.

Partner with us