3rd March 1938: First major oil discovery in Saudi Arabia at Dammam Well No. 7
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3rd March 1938: First major oil discovery in Saudi Arabia at Dammam Well No. 7
Following the discovery of oil in nearby Bahrain in 1932, the Saudi government granted a concession to the Standard Oil Company of California (SOCAL). They established a subsidiary, the California-Arabian Standard Oil Company (CASOC), to oversee exploration and initial surveys suggested the potential for oil deposits near the village of Dammam ...
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