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List of countries by proven oil reserves

From Wikipedia, the free encyclopedia

Map of countries with proven oil reserves - according to U.S. EIA (start of 2017)
Trends in proven oil reserves in top five countries, 1980–2013 (data from US Energy Information Administration)
A map of world oil reserves according to OPEC, January 2014

Proven oil reserves are those quantities of petroleum which, by analysis of geological and engineering data, can be estimated, with a high degree of confidence, to be commercially recoverable from a given date forward from known reservoirs and under current economic conditions.

Some statistics on this page are disputed and controversial—different sources (OPEC, CIA World Factbook, oil companies) give different figures. Some of the differences reflect different types of oil included. Different estimates may or may not include oil shale, mined oil sands or natural gas liquids.

Because proven reserves include oil recoverable under current economic conditions, nations may see large increases in proven reserves when known, but previously uneconomic deposits become economic to develop. In this way, Canada's proven reserves increased suddenly in 2003 when the oil sands of Alberta were seen to be economically viable. Similarly, Venezuela's proven reserves jumped in the late 2000s when the heavy oil of the Orinoco Belt was judged economic.

Sources

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Sources sometimes differ on the volume of proven oil reserves. The differences sometimes result from different classes of oil included, and sometimes result from different definitions of proven. (The data below does not seem to include shale oil and other "unconventional" sources of oil such as tar sands. For instance, North America has over 3 trillion barrels of shale oil reserves,[citation needed] and the majority of oil produced in the USA is from shale, leading to the paradoxical data below that the USA will finish all its oil at current production in 11 years, because the production is mostly from shale but the reserves cited omit all shale reserves.)

Comparison of proven oil reserves from some widely used sources (billions of barrels, as of 31 Dec 2014)

Source Canada Iran Iraq Russia Saudi Arabia United States Venezuela
BP[1] 172.9 157.8 143 103.2 267.0 48.5 298.3
OPEC[2] 4.2 157.5 147.2 80.0 266.6 36.5 300.0
US CIA[3] 171.0 157.8 147 103.2 268.3 36.5 298.4
US EIA[4] 172.5 157.8 145 80.0 268.3 39.9 298.4

Countries

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Reserves amounts are listed in millions of barrels. .00

Proven reserves (millions of barrels)
Country US EIA
[5] 		OPEC
[6] 		BP
[7] 		Others Oil production
December 2023 (bbl/day)[8] 		Years of
production
in reserve
 Venezuela *(OPEC) 304,000.00 303,220 303,800 770,000 1,000
 Saudi Arabia *(OPEC) 259,000.00 266,260 297,600 8,950,000 65.4
 Iran *(OPEC) 209,000.00 208,600 155,600 4,084,000 163
 Canada * 170,000.00 4,421 172,200 171,000 4,971,000 82
 Iraq *(OPEC) 145,000.00 147,223 145,000 4,375,000 94.8
 Kuwait *(OPEC) 102,000.00 104,000 104,000 2,644,000 103
 United Arab Emirates *(OPEC) 98,000.00 113,000 111,000 3,300,000 74
 Russia * 80,000.00 99,000 107,800 10,126,000
 Libya *(OPEC) 48,000.00 74,363 78,400 1,248,000 110
 United States * 48,300.00 32,773 68,800 43,629 13,295,000 6.3
 Nigeria *(OPEC) 37,000.00 37,453 37,100 1,573,000 60
 Kazakhstan * 30,000.00 30,000 30,000 1,897,000 40
 China * 26,000.00 27,000 26,000 4,172,000 16
 Qatar * 25,000.00 25,244 25,244 1,322,000 38
 Brazil * 13,000.00 12,634 13,000 16,848 3,585,000 12
 Algeria *(OPEC) 12,000.00 12,200 12,200 1,160,000 24
 Guyana * 11,000.00 11,000 555,000 200
 Ecuador 8,300.00 8,273 8,000 486,000 48
 Norway * 8,100.00 6,376 8,500 1,894,000 11
 Angola * 7,800.00 8,384 12,700 1,235,000 18
 Azerbaijan * 7,000.00 7,000 7,000 601,000 30
 Mexico * 5,800.00 6,537 10,800 9.700 1,903,000 8.1
 Oman * 5,400.00 5,373 5,300 1,040,000 15
 India * 4,600.00 4,495 5,680 4,409 589,000 14
 Vietnam * 4,400.00 4,400 4,000 165,000 59
 South Sudan 3,800.00 160,000 68
 Malaysia * 3,600.00 3,600 3,600 5,542 525,000 19
 Egypt * 3,300.00 4,400 3,500 559,000 15
 Yemen * 3,000.00 3,000 15,000 100
 Congo(OPEC) 2,900.00 1,811 2,900 253,000 29
 United Kingdom * 2,500.00 2,069 2,800 2,618 647,000 7.4
 Syria * 2,500.00 2,500 2,500 95,000 160
 Uganda * 2,500.00
 Argentina * 2,500.00 2,162 2,400 16,000 677,000 9.8
 Indonesia * 2,500.00 3,310 3,600 3,497 605,000 8.0
 Australia * 2,400.00 3,985 4,000 4,002 395,000 26
 Colombia * 2,000.00 1,665 2,300 787,000 7
 Gabon *(OPEC) 2,000.00 2,000 2,000 220,000 30
 Chad * 1,500.00 1,500 126,000 43
 Turkey * 1,400.00 1350 89,000 10
 Sudan * 1,300.00 5,000 1,500 71,000 56
 Brunei * 1,100.00 1,100 1,100 100,000 32
 Equatorial Guinea *(OPEC) 1,100.00 1,100 1,100 79,000 21
 Peru * 900.00 1,400 1,489 44,000 20
 Ghana * 700.00 175,000 10
 Romania * 600.00 600 57,000 20
 Turkmenistan * 600.00 600 600 191,000 7
 Uzbekistan * 600.00 594 600 32,000 40
 Pakistan * 500.00 236 83,000 10
 Italy * 500.00 600 595 119,000 9
 Denmark * 400.00 439 600 550 58,000 20
 Tunisia * 400.00 400 33,000 30
 Ukraine * 400.00 395 20
 Thailand * 300.00 400 136,000 2
 Trinidad and Tobago * 200.00 700 830 54,000 7
 Bolivia * 200.00 210 22,000 8
 Cameroon * 200.00 49,000 8
 Belarus * 200.00 198 29,000 20
 Bahrain * 200.00 167,000 3
 DR Congo 200.00 19,000 30
 Papua New Guinea * 200.00 158 31,000 10
 Albania * 200.00 14,000 30
 Chile * 200.00 2,300 30
 Niger * 200.00 6,000 40
 Spain * 200.00 100 7
 Myanmar * 100.00 7,100 30
 Philippines 100.00 900 20
 Netherlands 100.00 141 28,000 4
 Cuba * 100.00 124 30,000 7
 Germany * 100.00 229 32,000 2
 Poland * 100.00 151 18,000 7
 Ivory Coast * 100.00 29,000 9
 Guatemala 86.00 6,000 20
 Serbia * 77.00 13,000 12
 Croatia * 71.00 10,000 12
 France * 61.00 12,000 2.7
 Japan * 44.00 3,500 1.2
 New Zealand * 40.00 11,000 5
 Kyrgyzstan * 40.00 6,200 200
 Austria * 35.00 8,800 3.8
 Georgia * 35.00 200 300
 Bangladesh * 28.00 3,000 5.9
 Mauritania * 20.00
 Bulgaria * 15.00 1,000 6.7
 Czech Republic * 15.00 15.0 1,400 4
 South Africa * 15.00 15 1,000 0.39
 Israel * 12.00 12 15,000 5.7
 Hungary * 12.00 35 20,000 0.84
 Lithuania * 12.00 700 3.7
 Tajikistan * 12.00 300 100
 Greece * 10.00 1,500 2
 Slovakia * 9.00 100 4
 Benin * 8.00
 Belize * 6.00 800 10
 Taiwan * 2.00 200 0.2
 Barbados 1.00 1,000 5
 Jordan * 1.00 1 100 9
 World 1,703,000.00 1,535,773 1,750,600 8,29,39,300 50.06

* indicates "Oil reserves in COUNTRY or TERRITORY" or "Energy in COUNTRY or TERRITORY" links.

See also

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References

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  1. ^ BP Statistical Review of World Energy, 2015
  2. ^ OPEC Statistical Bulletin, 2015.
  3. ^ World Factbook, US Central Intelligence Agency, 2015.
  4. ^ "U.S. Crude Oil plus Lease Condensate Proved Reserves". www.eia.gov. Retrieved 13 June 2021.
  5. ^ "International - U.S. Energy Information Administration (EIA)". www.eia.gov. Retrieved 5 October 2023.
  6. ^ Economou, Andreas; Fattouh, Bassam (7 May 2021). "OPEC at 60: the world with and without OPEC". OPEC Energy Review. 45 (1): 3–28. Bibcode:2021OEnRv..45....3E. doi:10.1111/opec.12205. ISSN 1753-0229.
  7. ^ "Statistical Review of World Energy" (PDF). www.bp.com. 8 June 2016. Retrieved 23 October 2023.
  8. ^ "International - U.S. Energy Information Administration (EIA)". www.eia.gov. Retrieved 5 October 2023.
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