Between January 2015 and mid-2020, about 69 of the approximately 2,160 small-to-medium independent oil companies operating in the tight oil sector filed for Chapter 11 protection. These filings mostly occurred in 2016 and 2019. A lack of financial discipline and poor financial risk assessment meant that these companies were negatively impacted by the low oil prices in these years. Hence, they declared bankruptcy.

Senior Research Associate Majed is a senior research associate at KAPSARC with a focus on sustainable energy, energy security and energy infrastructure. He… Majed is a senior research associate at KAPSARC with a focus on sustainable energy, energy security and energy infrastructure. He has over 15 years of experience in the oil and gas industry at Chevron and Saudi Aramco. His industry experience has included simulation and modeling, subsurface asset management, hydrocarbon reserves estimation, disruptive technologies and business planning. Majed holds a B.Sc. degree in petroleum engineering from the University of Tulsa in the United States. He also holds an M.Eng. degree in petroleum engineering from Texas A&M University, and an M.Sc. in reservoir geosciences and engineering from the Institut Francais du Petrole (IFP School).
Expertise
- Energy Supply
- Energy Security and Energy Infrastructure
Publications See all Majed A. Al Suwailem’s publications

Are Bankruptcies Healthy For The Tight Oil Sector?
Between January 2015 and mid-2020, about 69 of the approximately 2,160 small-to-medium independent oil companies…
14th February 2021
World’s First Blue Ammonia Shipment Signals Prospective New Low-Carbon Energy Trade for Saudi Arabia
Between January 2015 and mid-2020, about 69 of the approximately 2,160 small-to-medium independent oil companies…
26th November 2020