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List of countries by proven oil reserves

December 11, 2023

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.

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

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 edit

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 edit

Reserves amounts are listed in millions of barrels.

Proven reserves (millions of barrels)
Country US EIA
[5]		 OPEC
[6]		 BP
[7]		 Others Oil production
2021 (bbl/day)[8]		 Years of
production
in reserve
  Venezuela *(OPEC) 304,000.00 302,809 300,900 700,000 1,000
  Saudi Arabia *(OPEC) 259,000.00 266,260 266,000 10,846,000 65.4
  Iran *(OPEC) 209,000.00 [9] 208,600 155,600 3,511,000 163
  Canada * 170,000.00 4,421 172,200 [10] 171,000 5,663,000 82
  Iraq *(OPEC) 145,000.00 147,223 143,100 4,188,000 94.8
  Kuwait *(OPEC) 102,000.00 104,000 104,000 2,715,000 103
  United Arab Emirates *(OPEC) 98,000.00 111,000 111,000 3,638,000 74
  Russia * 80,000.00 80,000 102,400 9,990,000 20
  Libya *(OPEC) 48,000.00 74,363 78,400 1,224,000 110
  United States * 44,000.00 32,773 55,000 [11] 43,629 11,315,000 6.3
  Nigeria *(OPEC) 37,000.00 37,453 37,100 1,684,000 60
  Kazakhstan * 30,000.00 30,000 30,000 1,849,000 40
  China * 26,000.00 25,627 18,500 4,341,000 16
  Qatar * 25,000.00 25,244 25,244 1,808,000 38
  Brazil * 13,000.00 12,634 13,000 [11] 16,848 3,054,000 12
  Algeria *(OPEC) 12,000.00 12,200 12,200 1,363,000 24
  Guyana * .00 11,000[12] 117,000 200
  Ecuador 8,300.00 8,273 8,000 475,000 48
  Norway * 8,100.00 6,376 8,000 2,056,000 11
  Angola *(OPEC) 7,800.00 8,384 12,700 1,162,000 18
  Azerbaijan * 7,000.00 7,000 7,000 709,000 30
  Suriname 06,500[13] 14,000 1,300
  Mexico * 5,800.00 6,537 10,800 [14] 9.700 1,972,000 8.1
  Oman * 5,400.00 5,373 5,300 980,000 15
  India * 4,600.00 4,495 5,680 [11] 4,409 886,000 14
  Vietnam * 4,400.00 4,400 4,000 203,000 59
  South Sudan 3,800.00 153,000 68
  Malaysia * 3,600.00 3,600 3,600 [11] 5,542 517,000 19
  Egypt * 3,300.00 4,400 3,500 592,000 15
  Yemen * 3,000.00 3,000 59,000 100
  Congo(OPEC) 2,900.00 1,600 275,000 29
  United Kingdom * 2,500.00 2,069 2,800 2,618 928,000 7.4
  Syria * 2,500.00 2,500 2,500 42,000 160
  Uganda * 2,500.00
  Argentina * 2,500.00 2,162 2,400 2,330 701,000 9.8
  Indonesia * 2,500.00 3,310 3,600 [11] 3,497 858,000 8.0
  Australia * 2,400.00 3,985 4,000 4,002 253,000 26
  Colombia * 2,000.00 1,665 2,300 768,000 7
  Gabon *(OPEC) 2,000.00 2,000 2,000 181,000 30
  Chad * 1,500.00 1,500 96,000 43
  Sudan * 1,300.00 5,000 1,500 63,000 56
  Brunei * 1,100.00 1,100 1,100 93,000 32
  Equatorial Guinea *(OPEC) 1,100.00 1,100 144,000 21
  Peru * 900.00 1,400 [11] 1,489 126,000 20
  Kenya * .00 750
  Ghana * 700.00 160,000 10
  Romania * 600.00 600 84,000 20
  Turkmenistan * 600.00 600 600 224,000 7
  Uzbekistan * 600.00 594 600 37,000 40
  Pakistan * 500.00 [11] 236 105,000 10
  Italy * 500.00 600 [11] 595 146,000 9
  Denmark * 400.00 439 600 [11] 550 71,000 20
  Tunisia * 400.00 400 37,000 30
  Ukraine * 400.00 395 62,000 20
  Turkey * 400.00 [11] 284 84,000 10
  Thailand * 300.00 400 461,000 2
  Trinidad and Tobago * 200.00 700 [11] 830 82,000 7
  Bolivia * 200.00 [11] 210 65,000 8
  Cameroon * 200.00 68,000 8
  Belarus * 200.00 198 34,000 20
  Bahrain * 200.00 189,000 3
  DR Congo 200.00 21,000 30
  Papua New Guinea * 200.00 [11] 158 37,000 10
  Albania * 200.00 16,000 30
  Chile * 200.00 16,000 30
  Niger * 200.00 13,000 40
  Spain * 200.00 77,000 7
  Myanmar * 100.00 8,200 30
  Philippines 100.00 15,000 20
  Netherlands 100.00 [11] 141 74,000 4
  Cuba * 100.00 [11] 124 37,000 7
  Germany * 100.00 [11] 229 116,000 2
  Poland * 100.00 [11] 151 37,000 7
  Ivory Coast * 100.00 29,000 9
  Guatemala 860 12,000 20
  Serbia * 770 17,000 12
  Croatia * 710 16,000 12
  France * 610 61,000 2.7
  Japan * 440 104,000 1.2
  New Zealand * 400 21,000 5
  Kyrgyzstan * 400 700 200
  Austria * 350 25,000 3.8
  Georgia * 350 300 300
  Bangladesh * 280 13,000 5.9
  Mauritania * 200
  Bulgaria * 150 6,100 6.7
  Czech Republic * 150 15.0 10,000 4
  South Africa * 150 15 105,000 0.39
  Israel * 120 [11] 12 5,800 5.7
  Hungary * 120 [11] 35 39,000 0.84
  Lithuania * 120 8,900 3.7
  Tajikistan * 120 300 100
  Greece * 100 15,000 2
  Slovakia * 9.00 6,400 4
  Benin * 8.00
  Belize * 6.00 1,700 10
  Taiwan * 2.00 25,000 0.2
  Barbados 1.00 500 5
  Jordan * 1.00 [11] 1 300 9
  Morocco * 0.6.00 160 10
  Ethiopia * 0.4.00
 World 1,703,000.00 1,535,773 1,750,600 93,148,000 50.06

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

See also edit

References edit

  1. ^ BP Statistical Review of World Energy, 2015
  2. ^ OPEC Statistical Bulletin, 2015.
  3. ^ , 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: 3–28. 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.
  9. ^ "OPEC : Iran". www.opec.org. Retrieved 13 June 2021.
  10. ^ Oil Resources, Natural Resources Canada, 16 Feb. 2,016.
  11. ^ a b c d e f g h i j k l m n o p q r s t Reolon, Dario; Di Maggio, Federica; Moriggi, Sara; Galli, Giuseppe; Pirrone, Marco (24 June 2020). "Unlocking Data Analytics for the Automatic Evaluation of Cement Bond Scenarios". SPWLA 61st Annual Online Symposium Transactions. Society of Petrophysicists and Well Log Analysts. doi:10.30632/spwla-5060. S2CID 225718759.
  12. ^ "Guyana scrambles to make the most of oil wealth". BBC News. Retrieved 3 December 2023.
  13. ^ OilNOW (5 August 2020). "Suriname's Block 58 could hold 6.5 billion barrels of oil – Morgan Stanley | OilNOW". Retrieved 26 September 2023.
  14. ^ "Request Rejected". www.pemex.com. Retrieved 13 June 2021.

December 11, 2023
list, countries, proven, reserves, proven, reserves, those, quantities, petroleum, which, analysis, geological, engineering, data, estimated, with, high, degree, confidence, commercially, recoverable, from, given, date, forward, from, known, reservoirs, under,. 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 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 2014Some 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 Contents 1 Sources 2 Countries 3 See also 4 ReferencesSources editSources 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 VenezuelaBP 1 172 9 157 8 143 103 2 267 0 48 5 298 3OPEC 2 4 2 157 5 147 2 80 0 266 6 36 5 300 0US CIA 3 171 0 157 8 147 103 2 268 3 36 5 298 4US EIA 4 172 5 157 8 145 80 0 268 3 39 9 298 4Countries editReserves amounts are listed in millions of barrels Proven reserves millions of barrels Country US EIA 5 OPEC 6 BP 7 Others Oil production2021 bbl day 8 Years ofproductionin reserve nbsp Venezuela OPEC 304 000 00 302 809 300 900 700 000 1 000 nbsp Saudi Arabia OPEC 259 000 00 266 260 266 000 10 846 000 65 4 nbsp Iran OPEC 209 000 00 9 208 600 155 600 3 511 000 163 nbsp Canada 170 000 00 4 421 172 200 10 171 000 5 663 000 82 nbsp Iraq OPEC 145 000 00 147 223 143 100 4 188 000 94 8 nbsp Kuwait OPEC 102 000 00 104 000 104 000 2 715 000 103 nbsp United Arab Emirates OPEC 98 000 00 111 000 111 000 3 638 000 74 nbsp Russia 80 000 00 80 000 102 400 9 990 000 20 nbsp Libya OPEC 48 000 00 74 363 78 400 1 224 000 110 nbsp United States 44 000 00 32 773 55 000 11 43 629 11 315 000 6 3 nbsp Nigeria OPEC 37 000 00 37 453 37 100 1 684 000 60 nbsp Kazakhstan 30 000 00 30 000 30 000 1 849 000 40 nbsp China 26 000 00 25 627 18 500 4 341 000 16 nbsp Qatar 25 000 00 25 244 25 244 1 808 000 38 nbsp Brazil 13 000 00 12 634 13 000 11 16 848 3 054 000 12 nbsp Algeria OPEC 12 000 00 12 200 12 200 1 363 000 24 nbsp Guyana 00 11 000 12 117 000 200 nbsp Ecuador 8 300 00 8 273 8 000 475 000 48 nbsp Norway 8 100 00 6 376 8 000 2 056 000 11 nbsp Angola OPEC 7 800 00 8 384 12 700 1 162 000 18 nbsp Azerbaijan 7 000 00 7 000 7 000 709 000 30 nbsp Suriname 0 6 500 13 14 000 1 300 nbsp Mexico 5 800 00 6 537 10 800 14 9 700 1 972 000 8 1 nbsp Oman 5 400 00 5 373 5 300 980 000 15 nbsp India 4 600 00 4 495 5 680 11 4 409 886 000 14 nbsp Vietnam 4 400 00 4 400 4 000 203 000 59 nbsp South Sudan 3 800 00 153 000 68 nbsp Malaysia 3 600 00 3 600 3 600 11 5 542 517 000 19 nbsp Egypt 3 300 00 4 400 3 500 592 000 15 nbsp Yemen 3 000 00 3 000 59 000 100 nbsp Congo OPEC 2 900 00 1 600 275 000 29 nbsp United Kingdom 2 500 00 2 069 2 800 2 618 928 000 7 4 nbsp Syria 2 500 00 2 500 2 500 42 000 160 nbsp Uganda 2 500 00 nbsp Argentina 2 500 00 2 162 2 400 2 330 701 000 9 8 nbsp Indonesia 2 500 00 3 310 3 600 11 3 497 858 000 8 0 nbsp Australia 2 400 00 3 985 4 000 4 002 253 000 26 nbsp Colombia 2 000 00 1 665 2 300 768 000 7 nbsp Gabon OPEC 2 000 00 2 000 2 000 181 000 30 nbsp Chad 1 500 00 1 500 96 000 43 nbsp Sudan 1 300 00 5 000 1 500 63 000 56 nbsp Brunei 1 100 00 1 100 1 100 93 000 32 nbsp Equatorial Guinea OPEC 1 100 00 1 100 144 000 21 nbsp Peru 900 00 1 400 11 1 489 126 000 20 nbsp Kenya 00 750 nbsp Ghana 700 00 160 000 10 nbsp Romania 600 00 600 84 000 20 nbsp Turkmenistan 600 00 600 600 224 000 7 nbsp Uzbekistan 600 00 594 600 37 000 40 nbsp Pakistan 500 00 11 236 105 000 10 nbsp Italy 500 00 600 11 595 146 000 9 nbsp Denmark 400 00 439 600 11 550 71 000 20 nbsp Tunisia 400 00 400 37 000 30 nbsp Ukraine 400 00 395 62 000 20 nbsp Turkey 400 00 11 284 84 000 10 nbsp Thailand 300 00 400 461 000 2 nbsp Trinidad and Tobago 200 00 700 11 830 82 000 7 nbsp Bolivia 200 00 11 210 65 000 8 nbsp Cameroon 200 00 68 000 8 nbsp Belarus 200 00 198 34 000 20 nbsp Bahrain 200 00 189 000 3 nbsp DR Congo 200 00 21 000 30 nbsp Papua New Guinea 200 00 11 158 37 000 10 nbsp Albania 200 00 16 000 30 nbsp Chile 200 00 16 000 30 nbsp Niger 200 00 13 000 40 nbsp Spain 200 00 77 000 7 nbsp Myanmar 100 00 8 200 30 nbsp Philippines 100 00 15 000 20 nbsp Netherlands 100 00 11 141 74 000 4 nbsp Cuba 100 00 11 124 37 000 7 nbsp Germany 100 00 11 229 116 000 2 nbsp Poland 100 00 11 151 37 000 7 nbsp Ivory Coast 100 00 29 000 9 nbsp Guatemala 860 12 000 20 nbsp Serbia 770 17 000 12 nbsp Croatia 710 16 000 12 nbsp France 610 61 000 2 7 nbsp Japan 440 104 000 1 2 nbsp New Zealand 400 21 000 5 nbsp Kyrgyzstan 400 700 200 nbsp Austria 350 25 000 3 8 nbsp Georgia 350 300 300 nbsp Bangladesh 280 13 000 5 9 nbsp Mauritania 200 nbsp Bulgaria 150 6 100 6 7 nbsp Czech Republic 150 15 0 10 000 4 nbsp South Africa 150 15 105 000 0 39 nbsp Israel 120 11 12 5 800 5 7 nbsp Hungary 120 11 35 39 000 0 84 nbsp Lithuania 120 8 900 3 7 nbsp Tajikistan 120 300 100 nbsp Greece 100 15 000 2 nbsp Slovakia 9 00 6 400 4 nbsp Benin 8 00 nbsp Belize 6 00 1 700 10 nbsp Taiwan 2 00 25 000 0 2 nbsp Barbados 1 00 500 5 nbsp Jordan 1 00 11 1 300 9 nbsp Morocco 0 6 00 160 10 nbsp Ethiopia 0 4 00 World 1 703 000 00 1 535 773 1 750 600 93 148 000 50 06 indicates Oil reserves in COUNTRY or TERRITORY or Energy in COUNTRY or TERRITORY links See also editList of countries by oil production List of countries by oil consumption List of countries by natural gas proven reservesReferences edit BP Statistical Review of World Energy 2015 OPEC Statistical Bulletin 2015 World Factbook US Central Intelligence Agency 2015 U S Crude Oil plus Lease Condensate Proved Reserves www eia gov Retrieved 13 June 2021 International U S Energy Information Administration EIA www eia gov Retrieved 5 October 2023 Economou Andreas Fattouh Bassam 7 May 2021 OPEC at 60 the world with and without OPEC OPEC Energy Review 45 3 28 doi 10 1111 opec 12205 ISSN 1753 0229 Statistical Review of World Energy PDF www bp com 8 June 2016 Retrieved 23 October 2023 International U S Energy Information Administration EIA www eia gov Retrieved 5 October 2023 OPEC Iran www opec org Retrieved 13 June 2021 Oil Resources Natural Resources Canada 16 Feb 2 016 a b c d e f g h i j k l m n o p q r s t Reolon Dario Di Maggio Federica Moriggi Sara Galli Giuseppe Pirrone Marco 24 June 2020 Unlocking Data Analytics for the Automatic Evaluation of Cement Bond Scenarios SPWLA 61st Annual Online Symposium Transactions Society of Petrophysicists and Well Log Analysts doi 10 30632 spwla 5060 S2CID 225718759 Guyana scrambles to make the most of oil wealth BBC News Retrieved 3 December 2023 OilNOW 5 August 2020 Suriname s Block 58 could hold 6 5 billion barrels of oil Morgan Stanley OilNOW Retrieved 26 September 2023 Request Rejected www pemex com Retrieved 13 June 2021 Retrieved from https en wikipedia org w index php title List of countries by proven oil reserves amp oldid 1189409474, wikipedia, wiki, book, books, library,

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