List of countries by proven oil reserves wikimili, the free. Pdf the status of conventional world oil reserveshype or. These reserves are generally not counted when computing a nations oil reserves. World crude oil seaborne trade 1994 imo pdf world oil reserves energy bulletin world oil reserves the independent africa geology, oil and gas fields. Ranking the worlds top ten companies by oil production.
A map of world oil reserves according to opec, january 2014. Evidence from estimating supply functions for 41 countries. Dec 09, 2014 the eia publishes annually a list of world proved reserves of crude oil. Despite venezuelas large supply of natural resources, the country still struggles economically and its people are going hungry. Download free oil and gas reserves, production and. Saudi arabia has the secondlargest amount of oil reserves in the world with 266. The natural gas proved reserves as of december 2001 stood at. Proven crude oil reserves in opec member countries decreased slightly by 0.
All current eia publications are available on the eia web site. Discoveries of conventional oil in the period 20062011 averaged 14 gb per year. An oil pool, which is the underground reservoir of oil, may literally be a pool or it could be droplets of oil collected in a highly porous rock such as sandstone. Venezuela has the largest amount of oil reserves in the world with 300.
This statistic shows the proved oil reserves by leading world gas and oil companies in 20. Wilson fellow in energy studies and director of the energy forum at the baker institute, as well as associate director of the rice energy program. Cookies help to provide us with anonymous statistics that informs us of the. Worlds largest oil reserves by country sbf petroleum.
Proved reserves of crude oil and natural gas in the united. Data available to download from the jodioil world database. The united states of america is the top country by crude oil reserves in the world. Dependent territories, not fully recognized countries and supranational entities are not ranked. The extractive industries source book eisb is a free. The authors would like to thank ecssr for sponsoring this research. Liberia has proven oil reserves estimated to be about one billion barrels of. The status of world oil reserves is a contentious issue, polarised between advocates of peak oil who believe production will soon decline, and major oil. The top 5 countries also includes russian federation, saudi arabia, canada, and iraq. An oil trap is a nonporous rock formation that holds the oil pool in. Cumulative production versus net additions during the period 20092018, opec member countries added 186. Methodology for assessment of crude oil reserves and their api gravities reserves were estimated by field and aggregated by country and by region table i.
Pdf oil exploration and production in subsaharan africa. Albertas oil sands resources are therefore expected to remain the. The status of world oil reserves 3 acknowledgments this essay is an excerpt from a longer monograph titled the status of world oil reserves and implications for the gulf published by the emirates center for strategic studies and research ecssr. List of countries by proven oil reserves wikipedia. This is a list of countries by proven oil reserves. Proved reserves of crude oil as of january 1 of the report year are the estimated quantities of all liquids defined. Select data tables to be downloaded in one zip archive download all download selected reset selection. Download worksheet include correct answers on separate page about this worksheet this is a free printable worksheet in pdf format and holds a printable version of the quiz oil reserves 2011. Global proved oil reserves were 1734 billion barrels at the end of 2019, down 2 billion. Oil shale deposits range from small presently economically unrecoverable to large potentially recoverable resources. Baker iii institute for public policy, rice university amy myers jaffe is the wallace s.
The top ten largest oil reserves by country in the world. Pages in category oil reserves by country the following 15 pages are in this category, out of 15 total. Below the chart numbers there is specified which position a country holds by the corresponding parameter. Prime sources of data were the well and field files of petroconsultants s. Overall, global oil reserves have increased at a rate close to 4% per annum. For many decades, the gulf states significant oil reserves have rendered the region among the. Top ten countries with worlds largest oil reserves, from. This article includes a chart representing proven reserves, production, consumption, exports and imports of oil by country methodology. Proven oil reserves showcases the commercially available and theoretically recoverable oil reserves of a given country based on its recognized reservoirs. World proven crude oil reserves stood at 1,498 billion barrels bn b at the end of 2018, increasing slightly by 0. Jan 20, 2021 download the extended csv primary the extended csv secondary last column displays the colour codes.
In countries where the oil companies are subject to strict financial controls, best efforts are made to estimate oil reserves and small changes are recorded from year to year. The status of world oil reserves 4 about the authors amy myers jaffe wallace s. Countries with greatest recoverable oil reserves by reserve. Countries adding significant reservescountries adding significant reserves billion barrels proved reserves 1982 1992 2002 change 19822002 drill bit success brazil 1. Find statistics on crude oil, gasoline, diesel, propane, jet fuel, ethanol, and other liquid fuels. The oil price shock of 2014 has not dampened the enthusiasm. Oil reserves at the end of 2018 totalled 1730 billion barrels, up 2 billion barrels with respect to 2017. This means it has about 47 years of oil left at current consumption levels and excluding unproven reserves.
There is a lack of definitions and consensus as everyone wants to be free to say what he wants. As of december 2020, crude oil reserves in the united states of america was 11,063. Many countries maintain governmentcontrolled oil reserves for both economic and national security reasons. Opec reserves the right to amend this privacy policy at any time without notice. World crude oil seaborne trade 1994 imo pdf world oil reserves energy bulletin world oil reserves the independent africa geology, oil and gas fields clickable map usgs.
Global oil production fell by 60,000 bd as strong growth in us. Visualizing the countries with the most oil reserves. These volumes are supplemented by the annual revaluations of older discoveries and the development of nonconventional oils. The top countries in terms of reserves are venezuela 17. Heavy oil and natural bitumen resources in geological. Volume of global recoverable oil reserves by country and reserve category as of 2020 in. However, during the period 2010, the proved crude oil reserves increased each year for a total of 7,6% but decreased by 3,7% during the period 2017 except for 2015. Venezuela leads with the highest distribution of global oil reserves, at approximately 17. Oil rents % of gdp estimates based on sources and methods described in the changing wealth of nations. Worlds largest oil reserves by country 2020 top 10 biggest oil reserves. Global oil reserves share by country 2019 statista.
According to the united states energy information administration, approximately 4. Jj1264 wec resources oil 1410 js world energy council. Worlds largest oil reserves by country 2020 top 10. Elements for action on taxation of transfer of ei interest. Please contact pauline kokila, room n5030, telephone 2024733716, fax 2025223564, internet address. Oil, gas, and mining open knowledge repository world bank. Measuring sustainable development in the new millennium world bank, 2011. Pdf and csv files are released first and petroleum data tables are released later on the same day. The most recent data from opec and nonopec countries can. The top 5 countries also includes india, japan, republic of korea, and brazil. Oct 28, 2020 map of countries with proven oil reserves according to u.
Oil reserves and resources as function of oil price. The data series describe production, imports and exports, movements and inventories. Immediately following september 11, the bush administration quietly outsources the running of the war on terror to halliburton and blackwater. List of countries by proven oil reserves wikimili, the. Eia start of 2017 trends in proven oil reserves in top five countries, 198020 data from us energy information administration a map of world oil reserves according to opec, january 2014. Proven 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. Users can view and download selected pages or entire reports, search. Oct 20, 2016 rystad is not the only group providing estimates of global oil reserves by country. Total production of crude oil from 1970 through 2006 was 102 billion barrels 16. Fsu being as the us 48 a large country with many oil basins has an annual discovery pattern as a. This reserve growth of conventional oil reserves is wrongly attributed to technological.
Download free oil and gas reserves, production and exploration maps sponsorsreturn to main free maps download page. Click on the blue bars below for information on petroleum prices, crude reserves and production, refining and processing, importsexports, movements, stocks, and consumptionsales. Middle east crude oil reserves by selected country 2015. The most oil reserves by country given that oil will continue to be dominant in the energy mix for the short and medium term, which countries hold the most oil reserves. The company has the worlds secondlargest proven crude oil reserves with 261.
List of world countries by proven oil reserves in million cubic feet mmcf, and per capita. Jodi oil monthly data availability by country in excel file extended jodi oil world database is available with data in b2020 ivt. Brazil has the second largest proved oil reserves in south america after venezuela, at 1. Supply and disposition of crude oil and petroleum products on a national and regional level. Oil reserves share of selected countries 2019 statista. Energy information administration, independence ave. Todays map comes from and it uses data from the cia world factbook to resize countries based on the amount of oil reserves they hold. Through 2025, global oil demand rises by a total of 5. Example of a productionsharing contract in oil production. Proven oil reserves is determined through geological and engineering processes to produce an estimated value of oil stocks in the ground. Azerbaijans proven crude oil reserves are estimated at 7 billion barrels in january 2012, according to the oil and gas journal ogj. Countries with greatest recoverable oil reserves by. Global oil production fell by 60,000 bd as strong growth i.
In the period 201517, proved crude oil reserves in the north america region declined in each of the years considered. Aug 26, 2020 as of 2018, the proven oil reserves for saudi arabia was 266. The global rp ratio shows that oil reserves in 2018 accounted for. Oct 20, 2020 oil reserves share held by leading countries 20102019 tight oil recoverable reserves worldwide by country 2016 crude oil initial reserves in canada by region and type 2016. When 2p reserves are exhausted in each country or region discoveries have to be turned into 2p reserves and developed in a timely manner. Global oil production fell by 60,000 bd as strong growth in us output 1. Proved oil reserve an overview sciencedirect topics. Second, for mineralrich countries, the rents generated. United states crude oil production declined since reaching a smaller secondary production peak in 1988 caused by alaskan production, but increased again from 2009 to 2015. Opec also regularly reports on estimated oil reserves. Copies of this paper are available free from the world bank, 1818 h street nw, washington, dc 20433. Distribution and quantitative assessment of world crude. Energy information administration independence ave. Defining oil shale reserves is difficult, as the chemical composition of different oil shales, as well as their kerogen content and.
Pdf the status of conventional world oil reserveshype. The top ten largest oil reserves by country in the world 10libya 09united states 08russia 07united arab emirates 06kuwait 05iraq 04iran 03canada 02s. The oil and gas journal has collated world oil reserves for over 50 years. Petroleum supply monthly energy information administration. Oil shale reserves refers to oil shale resources that are economically recoverable under current economic conditions and technological abilities. The countries with the most oil reserves nrgreport. In other countries, such as the largest opec producers and russia, the estimates of oil. Sources of country oil reserve, development cost and price data. Though all charts in this post use the eia data, bp, the iea and virtually every other reporting agency in the world uses. The global rp ratio shows that oil reserves in 2018 accounted for 50 years of current production. Pdf versions and powerpoint slide packs of the charts, maps and graphs, plus an.
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