Definition: This entry is the stock of proved reserves of crude oil in barrels (bbl). Proved 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.
Source: CIA World Factbook - Unless otherwise noted, information in this page is accurate as of January 1, 2012See also: Oil - proved reserves map
US natural gas reserves rise in the global ranks
fuelfix.com - 12/12/2013 2:03:57 PM
But the United States’ proved reserves of natural gas are the fourth largest in the world ... following the discovery of oil in Alaska’s Prudhoe Bay field in 1968. The US also has 200 billion barrels of technically recoverable reserves ...
Top 10 Countries With The World’s Biggest Oil Reserves
gulfbusiness.com - 4/13/2013 11:59:57 PM
countries, it stated. However, OPEC nations continue to overshadow the world in terms of reserves, holding more than 80 per cent of the world’s proven oil reserves, according to current estimates. The bulk of OPEC oil reserves – 66 per cent – are in ...
30 countries with highest proven oil reserves
Rediff - 3/1/2012 2:57:12 AM
Two thirds of Azerbaijan is rich in oil and natural gas. In September 1994, a 30-year contract was signed between the ... India has begun the development of a strategic crude oil reserve sized at 37,400,000 barrels, enough for two weeks of consumption.
Venezuela Passes Saudis to Hold World’s Biggest Oil Reserves
Bloomberg - 6/12/2012 11:56:35 PM
Venezuela surpassed Saudi Arabia to become the world’s largest holder of proven oil reserves, a resource that President Hugo Chavez promises to tap if he gets re-elected in October. The South American country’s deposits were at 296.5 billion ...
World proven oil reserves at end 2006 edge down
Reuters - 6/12/2007 3:54:46 PM
"We have rolled over the 2005 reserves figures for many countries due to reporting lags," he said, adding that this meant there might ultimately not be a decline for 2006. He said global proved oil and natural gas reserves had been on an ...
Miller Energy Resources Announces Updated Reserve Report Proved Developed Reserves PV-10 Increased From $32.8 Million
PR Inside - 12/12/2013 1:06:41 PM
American Association of Petroleum Geologists and Society of Petroleum Evaluation Engineers Petroleum Resources Management Systems. Miller Energy Resources is an oil and natural gas exploration, production and drilling company operating in multiple ...
Nations with the world's largest oil reserves
Rediff - 1/28/2011 8:18:53 AM
West Asia, perennially hit by strife and war, has about 57 per cent of the world's oil reserves. Saudi Arabia is also the largest oil producer of the Organization of the Petroleum Exporting Countries. It consumes 2.4 million barrels per day. Saudi Arabia ...
Miller Energy Resources Announces Updated Reserve Report Proved Developed Reserves PV-10 Increased From $32.8 Million to
Live-pr.com - 12/12/2013 1:06:41 PM
Given lender focus on proved developed reserves ... World Petroleum Council, American Association of Petroleum Geologists and Society of Petroleum Evaluation Engineers Petroleum Resources Management Systems. Miller Energy Resources is an oil and natural ...
Why Venezuela’s World-Beating Oil Reserves Are 'Irrelevant'
CNBC - 6/15/2012 1:48:45 AM
Venezuela now boasts the world's largest proven oil reserves but the claim is “irrelevant” because ... A founding member of the Organization of Petroleum Exporting Countries, Venezuela's total deposits stood at an estimated 296.5 billion barrels ...
Venezuela surpasses Saudi Arabia for world's biggest oil reserve
NDTV - 7/20/2011 8:35:37 AM
Vienna: Venezuela is now the country with the most proven crude oil reserves on the planet ... with regard to the capacity to exploit its oil Saudi Arabia continues to be the world's undisputed main producer with the ability to pump more than 8 million ...
Top 10 oil and gas producing countries in 2012
mining.com - 6/14/2013 10:46:25 PM
World oil production rose about 2.5% last year ... with 395 million tonnes of oil produced last year. Eight out of 10 countries increased their oil output and only two — Iran and Mexico — fell. The US is the leader in terms of oil production growth ...
BP Says World's Proved Oil Reserves Fell in 2008
OilVoice - 6/9/2009 11:57:09 PM
In a climate of unprecedented turbulence, global energy markets followed the same extreme ... The Review reports remaining proved oil reserves of 1,258 billion barrels, excluding Canadian oil sands - enough for 42 years at 2008 production rates.
Global proven oil reserves to maintain output for 48.8 years: report
worldbulletin.net - 7/1/2013 8:46:02 PM
Global proven oil reserve increased 7.7% to reach 1,637 billion barrels at the end of 2012 from 1,520 billion barrels at the end of 2011, enough to maintain global use for 48.8 years, according to a report by Turkey's state-run oil company, Turkish ...
Miller Energy Resources Announces Updated Reserve Report
The Wall Street Journal - 12/12/2013 7:58:53 AM
Compared to the value of the Cook Inlet area reserves at April 30, 2013, the December 1, 2013 reserve report shows, approximately, the following: Miller North Fork Energy Acquisition Miller Energy & North Fork ` 4/30/2013 Miller Energy Pro Forma ...