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, 2014See also: Oil - proved reserves map
Dictators dependent on oil reserves are set to feel the heat
Irish Examiner - 2/8/2016 1:14:03 AM
Economists are likely to spend months puzzling over why the effect of low oil prices has proved slow to emerge ... Does a regime have the financial reserves with which to cushion the shock and buy time to adjust? Does a country have a robust banking ...
Saudi Arabia: A Supreme Power in the Crude Oil Market
Market Realist - 2/8/2016 9:49:27 AM
It’s important to note that Saudi Arabia accounts for about 12.9% of the world’s total crude oil production. It accounts for about 31% of OPEC’s production. It also accounts for the highest proved crude oil reserve after Venezuela, according to BP ...
World Proved Oil Reserves, Fact Or Fiction
Seeking Alpha - 12/8/2014 3:38:22 PM
The EIA publishes annually a list of World ... reserves the country possesses. Even the U.S. has gotten in on the act, adding 11.5 billion barrels of proved reserves since 2009. They did not report U.S. 2014 reserves. Most of this increase is light tight ...
CONSOL Energy adds 934 Bcfe of proved reserves in 2015
Scandinavian Oil Gas - 2/8/2016 8:09:14 AM
As of December 31, 2015, total proved reserves were 5.6 Tcfe, which included 583 Bcfe, or 10.3%, of oil, condensate, and liquids. Marcellus Shale reserves account for 369 Bcfe, or 14.4%, of these heavier hydrocarbons. CONSOL Energy replaced 284% of its ...
Parex Resources Increases 2P Reserves to 82 MMboe, Achieves 232% 2P Reserves Replacement, and Delivers 2P F&D of USD$0.99/boe
Market Watch - 2/8/2016 5:06:07 PM
2015 Year-End Corporate Reserves Report & Operational Highlights: -- Proved plus probable ... governments as well as country risk associated with conducting international activities; volatility in market prices for oil; fluctuations in foreign exchange ...
Iran Accounts for over 9% of Global Crude Oil Reserves
Yahoo Finance - 1/26/2016 2:15:25 PM
Iran accounts for 9.3% of the world’s proven crude oil reserves ... or about 20% of OPEC’s (Organization of the Petroleum Exporting Countries) proven oil reserves. Proven gas reserves The report put Iran’s proven gas reserves at 34 trillion cubic ...
30 countries with highest proven oil reserves
Rediff India Abroad - 3/1/2012 8:26:28 AM
We present here a list of countries with highest proven oil reserves ... 10 oil-producing nations in the world. 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 ...
World Proved Oil Reserves Data A Work Of Fiction
Oil Price - 12/9/2014 11:08:10 PM
The EIA publishes Annually a list of World ... reserves the country possesses. Even the US has gotten in on the act, adding 11.5 billion barrels of proved reserves since 2009. They did not report US 2014 reserves. Most of this increase is light tight oil ...
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 ...
The World’s Top 10 Oil Companies
24/7 Wall ST - 12/15/2014 10:50:54 AM
On the supply side, North American shale oil ... country’s governments. Company data were gathered from S&P Capital IQ. Reserves and production figures do not include natural gas or non-oil liquids. Here are the top 10 oil companies in the world based on ...
The 15 Countries with the Largest Oil Reserves
INSIDER MONKEY - 12/15/2014 6:47:31 AM
Have you ever wondered which are the countries with the largest oil reserves in the ... With the Largest Gold Reserves in the World. In compiling the current countdown we used the latest available data on the proven oil reserves of each country.
Venezuela Energy Profile: Holds Some Of World’s Largest Oil And Natural Gas Proved Reserves – Analysis
Eurasia Review - 11/30/2015 4:45:55 AM
Venezuela is one of the world ... oil reserves are located in its Orinoco heavy oil belt, which has 220.5 billion barrels in proved oil reserves. Venezuela nationalized its oil industry in the 1970s, creating Petroleos de Venezuela S.A. (PDVSA), the ...
7 Oil Stocks With the Largest Reserves
The Motley Fool - 4/11/2015 1:54:16 PM
as the world's seven largest oil companies not controlled by a country hold only 50 billion barrels of proved oil reserves. So, while these might be the world's big oil giants, they are really small potatoes on the global scene. That being said ...
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. Or so you'd think. (For basic background, see ... that have the highest oil reserves (which means they have found proven sources of oil in ...
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 ...