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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

This is a list of countries by proven oil reserves. 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.

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

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.

Comparison of proven oil reserves from some widely used sources (billions of barrels, as of 31 Dec. 2014/1 Jan. 2015)

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

Countries

Reserves amounts are listed in millions of barrels. The column "Years of production in reserve" uses the daily production figures as of 2016[5] (multiplied with 365).

Proven reserves (millions of barrels)
Country US EIA
[6]
OPEC
[7]
BP
[8]
Others Production[5]
(million bbl/year)
Years of
production
in reserve
 Venezuela (more) 302,809.00 302,809 300,900 831.1 364
 Saudi Arabia (more) 267,026.00 266,260 266,000 3,818.1 70
 Canada (more) 167,896.00 4,421 172,200 [9]171,000 1,336.8 126
 Iran (more) 155,600.00 [10]208,600 155,600 1,452.9 107
 Iraq (more) 145,019.00 147,223 143,100 1,624.8 89
 Kuwait (more) 104,000.00 104,000 104,000 1,067.2 97
 United Arab Emirates (more) 98,630.00 98,630 98,630 1,133.7 87
 Russia (more) 80,000.00 80,000 102,400 3,851.3 21
 Libya (more) 48,363.00 74,363 78,400 366.1 132
 United States (more) 47,053.00 32,773 55,000 [11]43,629 3,239.7 15
 Nigeria (more) 36,972.00 37,453 37,100 730.0 51
 Kazakhstan (more) 30,000.00 30,000 30,000 582.2 52
 China (more) 25,620.00 25,627 18,500 1,452.9 18
 Qatar (more) 25,244.00 25,244 25,244 555.9 45
 Brazil (more) 12,999.00 12,634 13,000 [11]16,848 918.1 14
 Algeria (more) 12,200.00 12,200 12,200 492.1 25
 Angola (more) 8,273.00 8,384 12,700 645.9 13
 Ecuador 8,273.00 8,273 8,000 200.2 41
 Mexico (more) 7,300.00 6,537 10,800 [12]9.700 798.2 9
 Azerbaijan (more) 7,000.00 7,000 7,000 304.2 23
 Norway (more) 6,611.00 6,376 8,000 601.5 11
 Oman (more) 5,373.00 5,373 5,300 367.5 15
 Sudan (more) 5,000.00 5,000 1,500 93.1 54
 South Sudan 3,500
 India (more) 4,600.00 4,495 5,680 [11]4,409 267.0 17
 Egypt (more) 4,400.00 4,400 3,500 180.4 24
 Vietnam (more) 4,400.00 4,400 4,000 110.2 40
 Indonesia (more) 3,600.00 3,310 3,600 [11]3,497 304.2 12
 Malaysia (more) 3,600.00 3,600 3,600 [11]5,542 241.3 15
 Yemen (more) 3,000.00 3,000
 United Kingdom (more) 2,564.00 2,069 2,800 2,618 343.1 7.5
 Syria (more) 2,500.00 2,500 2,500
 Uganda (more) 2,500.00
 Argentina (more) 2,185.00 2,162 2,400 2,330
 Colombia (more) 2,002.00 1,665 2,300
 Gabon (more) 2,000.00 2,000 2,000
 Australia (more) 1,821.00 3,985 4,000 4,002
 Congo 1,600.00 1,600
 Chad (more) 1,500.00 1,500
 Brunei (more) 1,100.00 1,100 1,100
 Equatorial Guinea (more) 1,100.00 1,100
 Kenya (more) 750.00 750
 Ghana (more) 660.00
 Romania (more) 600.00 600
 Turkmenistan (more) 600.00 600 600
 Uzbekistan (more) 594.00 594 600
 Italy (more) 557.00 600 [11]595
 Denmark (more) 491.00 439 600 [11]550
 Peru (more) 473.00 1,400 [11]1,489
 Tunisia (more) 425.00 400
 Thailand (more) 396.00 400
 Ukraine (more) 395.00 395
 Pakistan (more) 350.00 [11]236
 Turkey (more) 300.00 [11]284
 Trinidad and Tobago 243.00 700 [11]830
 Bolivia (more) 211.00 [11]210
 Cameroon (more) 200.00
 Belarus (more) 198.00 198
 DR Congo (more) 180.00
 Albania (more) 168.00
 Papua New Guinea (more) 159.00 [11]158
 Chile (more) 150.00
 Niger (more) 150.00
 Spain (more) 150.00
 Germany (more) 145.00 [11]229
 Myanmar (more) 139.00
 Philippines (more) 139.00
 Poland (more) 138.00 [11]151
 Bahrain (more) 125.00
 Cuba (more) 124.00 [11]124
 Netherlands (more) 113.00 [11]141
 Ivory Coast (more) 100.00
 Suriname 83.90
 Guatemala 83.10
 France (more) 72.40
 Serbia (more) 77.50
 Croatia (more) 71.00
 New Zealand (more) 56.90
 Japan (more) 44.10
 Austria (more) 43.00
 Kyrgyzstan (more) 40.00
 Georgia (more) 35.00
 Bangladesh (more) 28.00
 Hungary (more) 25.10 [11]35
 Mauritania (more) 20.00
 Bulgaria (more) 15.00
 Czech Republic (more) 15.0
 South Africa (more) 15.0
 Israel (more) 12.70 [11]12
 Lithuania (more) 12.00
 Tajikistan (more) 12.00
 Greece (more) 10.00
 Slovakia (more) 9.00
 Benin (more) 8.00
 Belize (more) 6.70
 Taiwan (more) 2.38
 Barbados 2.08
 Jordan (more) 1.00 [11]1
 Morocco (more) 0.68
 Ethiopia (more) 0.43
 Afghanistan (more) 0.00 80
 World 1,779,685.00 1,535,773 1,750,600 29,427 60

See also

References

  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. ^ a b "Production of Crude Oil including Lease Condensate 2016" (CVS download). U.S. Energy Information Administration. Retrieved 27 May 2017.
  6. ^ U.S. Energy Information Administration, International Energy Statistics, crude oil including lease condensate, accessed 17 June 2,020.
  7. ^ 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.
  8. ^ "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 requires |journal= (help)
  9. ^ Oil Resources, Natural Resources Canada, 16 Feb. 2,016.
  10. ^ "OPEC : Iran". www.opec.org. Retrieved 13 June 2021.
  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.
  12. ^ "Request Rejected". www.pemex.com. Retrieved 13 June 2021.