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
Top 10 Countries by Proved Natural Gas Reserves (and Their Production Rates)
explorationworld.com - 9/14/2014 11:52:53 PM
which accounts for about 17 percent of the world’s total proved reserves, according to the EIA. The country’s natural gas sector has taken a substantial hit in recent years (though not quite as significant as crude oil) as international sanctions ...
Global Enhanced Oil Recovery (EOR) Industry Outlook To 2018 - EOR Applications In Mature Oil Reserves To Drive The Industry Growth
The Street - 11/27/2014 8:16:17 PM
NEW YORK, Nov. 27, 2014 /PRNewswire/ -- EXECUTIVE SUMMARYThe report titled 'Global EOR Industry Outlook to 2018 - EOR Applications in Mature Oil Reserves to Drive the Industry Growth' provides a comprehensive analysis of the EOR industry in the world ...
The 17 Countries Sitting On The Most Valuable Energy Reserves
The Business Insider - 2/13/2014 11:51:58 AM
Saudi Arabia has nearly one fifth of the world’s proven oil reserves, in addition to being the largest producer and exporter of petroleum. Its largest oil field, the giant Ghawar field, has more proven oil reserves than all but seven countries.
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 India Abroad - 3/1/2012 2:57:12 AM
And proven oil reserves are those that claim to have a reasonable ... Oil and gas have made Qatar one of the highest per-capita income countries, and one of the world's fastest growing. Qatar's proved reserves of natural gas are nearly 26 trillion cubic ...
Do Countries With The Most Oil Reserves Actually Produce The Most Oil?
Investopedia - 9/23/2014 11:56:32 PM
This natural resource is the “golden egg” and those countries that have it should be the world's wealthiest ... into selling the oil. The countries that have the highest oil reserves (which means they have found proven sources of oil in the ...
Saudi Arabia Energy Profile: 16% Of World’s Proved Oil Reserves – Analysis
Eurasia Review - 9/10/2014 11:57:38 PM
4 The giant Ghawar field is the world’s largest oil field in terms of production and total remaining reserves. The Ghawar field has estimated remaining proved oil reserves of 75 billion barrels,5 more than all but seven other countries. Saudi Arabia is ...
Top 10 oil and gas producing countries in 2012
Mining - 6/14/2013 10:46:25 PM
World ... by oil reserves. Iraq (132 years) and Iran (126 years) hold the second and third places, respectively. The US, China and Mexico are the most “unthrifty” countries with only about 11 years before they exhaust their current proved oil reserves ...
What Can Norway Teach Other Oil-Rich Countries?
Radio Free Europe - 11/27/2014 9:53:30 AM
Even in Norway, the world's fourth-richest country ... Norway's oil fields has been declining since 2000, even with the discovery of a massive new field in 2011. Loeren says the oil could run out in another 50 years but that natural-gas reserves should ...
The 10 most oil-rich states
USA Today - 8/1/2014 9:24:38 PM
Unsurprisingly, the states with the highest totals of proven reserves are also among the states ... If Texas were its own country, it would be the sixth largest oil producer in the world. North Dakota has become the poster child of the energy boom in ...
American Oil Reserves Now Top Saudi Arabia
Breitbart News - 4/15/2014 11:54:12 PM
The U.S. Energy Information Agency (EIA) just reported that United States “proven reserves” of crude oil in 2012 jumped by 15.4% to 29.2 billion barrels. This new official level is only about 13% of the declared reserves of Saudi Arabia. But U.S. oil ...
Venezuela overtakes Saudi on proven oil reserves
Arabian Business - 6/15/2012 5:16:20 AM
... has surpassed Saudi Arabia to become the world’s largest holder of proven oil reserves, BP has said in its annual Statistical Review of World Energy. The South American country’s deposits were at 296.5 billion barrels at the end of last year ...
Gazprom and PetroVietnam to develop Russian oil and gas fields
Energy Global - 11/27/2014 12:02:21 PM
The agreement also contemplates a pro-active interaction between Gazprom and PetroVietnam in oil and gas projects across Russia, Vietnam and third countries ... It holds 5.8 billion m 3 of proven in-place gas reserves, 1.7 million t of recoverable ...
BP Says World's Proved Oil Reserves Fell in 2008
Oil Voice - 6/9/2009 11:57:09 PM
In a climate of unprecedented turbulence, global energy markets followed the same extreme pattern as the world economy in general during ... The Review reports remaining proved oil reserves of 1,258 billion barrels, excluding Canadian oil sands - enough ...
Venezuela Passes Saudis to Hold World’s Biggest Oil Reserves
Bloomberg - 6/14/2012 3:18:49 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 barrels at ...