List of countries by proven oil reserves

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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[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,[1] 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. 2014/1 Jan. 2015)

Source Canada Iran Iraq Russia Saudi Arabia United States Venezuela
BP[2] 172.9 157.8 143 103.2 267.0 48.5 298.3
OPEC[3] 4.2 157.5 147.2 80.0 266.6 36.5 300.0
US CIA[4] 171.0 157.8 147 103.2 268.3 36.5 298.4
US EIA[5] 172.5 157.8 145 80.0 268.3 39.9 298.4

Countries[edit]

Reserves amounts are listed in millions of barrels. The column "Years of production in reserve" uses the daily production figures as of 2016[6][needs update] (multiplied by 365).


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

Proven reserves (millions of barrels)
Country US EIA
[7]
OPEC
[8]
BP
[9]
Others Oil production
2020 (bbl/day)[10]
Years of
production
in reserve
 Venezuela *(OPEC) 303,806.00 302,809 300,900 527,063 1,578
 Saudi Arabia *(OPEC) 258,600.00 266,260 266,000 9,264,921 76
 Iran *(OPEC) 208,600.00 [11] 208,600 155,600 2,665,809 214
 Canada * 170,300.00 4,421 172,200 [12] 171,000 4,201,101 111
 Iraq *(OPEC) 145,019.00 147,223 143,100 4,102,311 97
 Kuwait *(OPEC) 101,500.00 104,000 104,000 2,625,145 106
 United Arab Emirates *(OPEC) 97,800.00 98,630 98,630 3,138,249 85
 Russia * 80,000.00 80,000 102,400 9,865,495 22
 Libya *(OPEC) 48,363.00 74,363 78,400 408,074 324
 United States * 47,107.00 32,773 55,000 [13] 43,629 11,307,560 11
 Nigeria *(OPEC) 36,890.00 37,453 37,100 1,775,940 57
 Kazakhstan * 30,000.00 30,000 30,000 1,756,705 47
 China * 26,022.00 25,627 18,500 3,888,989 18
 Qatar * 25,244.00 25,244 25,244 1,530,000 45
 Brazil * 12,714.00 12,634 13,000 [13] 16,848 2,939,950 12
 Algeria *(OPEC) 12,200.00 12,200 12,200 1,122,432 30
 Guyana * .00 10,000[14] 83,174 329
 Ecuador 8,273.00 8,273 8,000 479,371 47
 Norway * 8,122.00 6,376 8,000 1,712,937 13
 Angola *(OPEC) 7,783.00 8,384 12,700 1,249,678 17
 Azerbaijan * 7,000.00 7,000 7,000 693,880 28
 Mexico * 5,786.00 6,537 10,800 [15] 9.700 1,710,303 9
 Oman * 5,373.00 5,373 5,300 948,967 16
 Sudan * 5,000.00 5,000 1,500 64,740 211
 India * 4,604.00 4,495 5,680 [13] 4,409 627,415 20
 Vietnam * 4,400.00 4,400 4,000 193,264 62
 Malaysia * 3,600.00 3,600 3,600 [13] 5,542 541,017 18
 Egypt * 3,300.00 4,400 3,500 586,735 15
 Yemen * 3,000.00 3,000 66,000 124
 Congo(OPEC) 2,882.00 1,600 282,541 28
 United Kingdom * 2,500.00 2,069 2,800 2,618 947,208 7
 Syria * 2,500.00 2,500 2,500 35,000 196
 Uganda * 2,500.00
 Argentina * 2,482.00 2,162 2,400 2,330 440,335 15
 Indonesia * 2,480.00 3,310 3,600 [13] 3,497 712,112 10
 Australia * 2,446.00 3,985 4,000 4,002 351,180 19
 Colombia * 2,036.00 1,665 2,300 791,844 7
 Gabon *(OPEC) 2,000.00 2,000 2,000 173,634 56
 Chad * 1,500.00 1,500 115,817 35
 Brunei * 1,100.00 1,100 1,100 98,642 31
 Equatorial Guinea *(OPEC) 1,100.00 1,100 147,563 20
 Peru * 858.00 1,400 [13] 1,489 40,386 58
 Ghana * 660.00 199,478 9
 Romania * 600.00 600 67,574 24
 Turkmenistan * 600.00 600 600 184,579 9
 Uzbekistan * 594.00 594 600 37,997 43
 Pakistan * 540.00 [13] 236 79,112 19
 Italy * 497.00 600 [13] 595 100,514 14
 Denmark * 441.00 439 600 [13] 550 71,339 17
 Tunisia * 425.00 400 30,738 38
 Ukraine * 395.00 395 33,577 32
 Turkey * 366.00 [13] 284 61,757 16
 Thailand * 252.00 400 202,117 3
 Trinidad and Tobago * 242.00 700 [13] 830 56,556 12
 Bolivia * 240.00 [13] 210 60,161 11
 Cameroon * 200.00 66,749 8
 Belarus * 198.00 198 34,249 16
 Bahrain * 186.00 43,000 12
 DR Congo 180.00 23,000 21
 Papua New Guinea * 159.00 [13] 158 40,249 11
 Albania * 150.00 14,331 29
 Chile * 150.00 1,582 260
 Niger * 150.00 9,497 43
 Spain * 150.00 628 654
 Myanmar * 139.00 8,833 43
 Philippines 138.00 12,249 31
 Netherlands 137.00 [13] 141 14,579 26
 Cuba * 124.00 [13] 124 41,079 8
 Germany * 115.00 [13] 229 37,508 8
 Poland * 113.00 [13] 151 18,765 16
 Ivory Coast * 100.00 36,746 7
 Suriname 890 14,915 16
 Guatemala 860 7,749 30
 Serbia * 770 15,249 14
 Croatia * 710 11,749 17
 France * 610 12,910 13
 Japan * 440 4,333 28
 New Zealand * 400 18,579 6
 Kyrgyzstan * 400 1,000 110
 Austria * 350 10,822 9
 Georgia * 350 400 240
 Bangladesh * 280 3,000 26
 Mauritania * 200
 Bulgaria * 150 1,000 41
 Czech Republic * 150 15.0 2,000 21
 South Africa * 150 15 1,000 41
 Israel * 120 [13] 12 300 110
 Hungary * 120 [13] 35 16,418 2
 Lithuania * 120 2,000 16
 Tajikistan * 120 180 183
 Greece * 100 1,831 15
 Slovakia * 9.00 200 123
 Benin * 8.00
 Belize * 6.00 1,700 10
 Taiwan * 2.00 196 28
 Barbados 1.00 1,000 3
 Jordan * 1.00 [13] 1
 Morocco * 0.6.00 160 10
 Ethiopia * 0.4.00
 Kenya * 0.00 750
 South Sudan 162,475
 Mongolia * 17,582
 East Timor * 14,000
 Portugal * 12,932
 World 1,661,905.00 1,535,773 1,750,600 76,137,732 60

See also[edit]

References[edit]

  1. ^ [1]
  2. ^ BP Statistical Review of World Energy, 2015
  3. ^ OPEC Statistical Bulletin, 2015.
  4. ^ World Factbook, US Central Intelligence Agency, 2015.
  5. ^ "U.S. Crude Oil plus Lease Condensate Proved Reserves". www.eia.gov. Retrieved 13 June 2021.
  6. ^ "Production of Crude Oil including Lease Condensate 2016" (CVS download). U.S. Energy Information Administration. Retrieved 27 May 2017.
  7. ^ U.S. Energy Information Administration, International Energy Statistics, crude oil including lease condensate, accessed 17 June 2,020.
  8. ^ 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.
  9. ^ "Figure 3—figure supplement 1. All 188 single base-pair M2R quartets for add riboswitch". 15 February 2018. doi:10.7554/elife.29602.009. {{cite journal}}: Cite journal requires |journal= (help)
  10. ^ "Annual petroleum and other liquids production". U.S. Energy Information Administration. Retrieved 26 March 2021.
  11. ^ "OPEC : Iran". www.opec.org. Retrieved 13 June 2021.
  12. ^ Oil Resources, Natural Resources Canada, 16 Feb. 2,016.
  13. ^ 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.
  14. ^ "ExxonMobil increases Stabroek resource estimate to approximately 10 billion barrels". ExxonMobil. Retrieved 21 January 2022.
  15. ^ "Request Rejected". www.pemex.com. Retrieved 13 June 2021.