About
Midad Energy was founded in 1994 and has been investing outside the Kingdom for almost as long.
Who we are
Our business has three parts. We explore for and produce oil and gas, usually in partnership with the national oil company of the country we are working in. We take and hold equity positions in energy and infrastructure assets. And through Midad Real Estate we develop property in Saudi Arabia.
The contract we signed with Sonatrach in Algeria runs for thirty years, with an option for ten more. Midad Energy employs more than 700 people directly and around 500 more indirectly, and has five offices: Riyadh, Jeddah, Madrid, Amsterdam and Algiers.
Midad Energy in numbers
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+ 30 years
Operating internationally since 1994
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5
Offices in Riyadh, Jeddah, Madrid, Amsterdam and Algiers
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$ 5.4 bn
Illizi Sud, our production sharing contract with Sonatrach
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+ 1,200
700 employed directly, around 500 indirectly
Our story
Midad Energy was founded in 1994. In the same year, the Azeri-Chirag-Gunashli production sharing agreement was signed in Baku, and Midad Energy was part of it. That is an unusual place for a new Saudi private company to begin, and it set the direction for everything after it.
What followed was a series of positions taken in markets that were opening rather than mature. Egypt. Algeria. Kazakhstan and Central Asia for a period. Each one entered alongside a partner who knew the ground, and held long enough for the geology and the contract to do their work.
Global presence
Headquartered in Riyadh, with a 30-year contract in Algeria’s Illizi Basin. Technical teams in Madrid and Amsterdam support execution, and our track record runs from the Caspian to North Africa.
Saudi Arabia
Head office in Riyadh, where the company was founded in 1994, and an office in Jeddah. Midad Real Estate develops projects across the country.
Algeria
Illizi Sud: a 30-year production sharing contract with Sonatrach, signed in October 2025 and funded in full by Midad Energy. Office in Algiers.
Azerbaijan
Took part in the 1994 Azeri-Chirag-Gunashli agreement in Baku, the Contract of the Century, alongside bp, SOCAR and Statoil.
Egypt
Oil and gas interests, including through Midad Energy’s stake in Centurion Energy, sold to Dana Gas in 2006.
Kazakhstan
Early exploration and field development in Kazakhstan and Central Asia.
Tunisia
Interests held through Centurion Energy, which had assets in Tunisia, Egypt and offshore West Africa.
Offshore West Africa
Offshore interests held through Centurion Energy.
Illizi Sud
Illizi Sud: a 30-year production sharing contract with Sonatrach, signed in October 2025 and funded in full by Midad Energy. Office in Algiers.
Riyadh
8053 King Fahad Road, Al Olaya, Riyadh 12214, Kingdom of Saudi Arabia
Jeddah
Prince Sultan Road, Jeddah, Kingdom of Saudi Arabia
Madrid
Midad Energy North Africa B.V., Sucursal en España, Torre de Cristal, P.º de la Castellana, 259C, Planta 24, Fuencarral-El Pardo, 28046 Madrid, Spain
Amsterdam
Midad Energy North Africa B.V., Kingstordweg 151, 1043 GR Amsterdam, Netherlands
Algiers
Midad Energy North Africa – Algérie, 18 rue Hadj Ahmed Mohamed, Hydra, Algiers 16016, Algeria
Active
Saudi Arabia · Algeria
Historical interests
Azerbaijan · Egypt · Kazakhstan · Tunisia · Offshore West Africa
Offices
Riyadh · Jeddah · Madrid · Amsterdam · Algiers
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.