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Oil Discovery & Development

The discovery and development of petroleum resources - Transforming a region (1935-1971)

First Discovery

1958

Oil Events

2

Key Concessions

4

Years of Discovery

23

Oil Discovery Era Overview

The transformation of the Arabian Gulf

About This Era

The discovery of oil in the Arabian Gulf region between 1935 and 1971 transformed what were once humble fishing villages and pearl diving centers into some of the world's wealthiest nations. This era chronicles the arrival of Western oil companies, the negotiation of concession agreements, the technical challenges of offshore drilling, and the fundamental shift in economic power that would shape the modern Middle East.

Oil Revenue Growth

Pre-federation revenue development

Key Concessions

Major petroleum agreements

Petroleum Concession (1939)
1939

Granted 75-year oil exploration rights; eventual oil wealth foundation

Key Entities Involved

Companies and figures in oil development

Peter Cox
IPC/ADPC
ADMA