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, 2012
See also: Oil - proved reserves mapRelated News
Synergy Resources increases proved reserves by 40% in its mid-year update
scandoil.com - 5/22/2013 12:04:59 AM
2013 and reported a PV10 value of $208 million on proved reserves of 13.63 million barrels of oil equivalent (BOE) versus a PV10 value of $148 million and 10.66 million BOE for the period ending August 31st, 2012. The largest increase in the ...
Samson Oil & Gas Announces 61% Increase in Proved Reserve Volume & Extends Rights Offer
The Motley Fool - 5/15/2013 8:27:12 AM
This development program is being undertaken adjacent to existing production and has been expected to add significant oil production and reserves to Samson, including the improvement in Proved Reserve ... Petroleum Engineers, World Petroleum Council ...
Cairn says MBA oilfield reserves up 5%
Economic Times - 5/21/2013 9:24:31 AM
India will mandate that all firms offering internet telephony, including Skype owned by software giant Microsoft, must set up a server in the country ... oil equivalent. Cairn in a filing to the stock exchanges said recoverable reserves (Gross ...
Oil Companies Want to Avoid Another Attack in Benghazi
Daily Finance - 5/19/2013 12:47:19 PM
My reserves are bigger than yours The importance of Libya to the oil world cannot be understated. The country, which has undergone dramatic changes since 2011 when Col. Moammar Gadhafi was killed by rebel forces, is home to Africa's largest proven oil ...
Oil found off Namibia for first time
en.starafrica.com - 5/21/2013 10:21:47 AM
will raise hopes that Namibia could become the latest southern African country to strike oil reserves. Angola to the north is Africa’s second-biggest producer of crude, after Nigeria. Namibia currently has no oil production and no proven ...
Samson Oil & Gas announces 61% increase in proved reserve volume
scandoil.com - 5/16/2013 12:50:53 PM
Samson Oil & Gas Limited announced a 61% increase in the independent estimate of its Proved Reserve since January 1st, and an extension of its ongoing shareholders Rights Offering to May 24th in the U.S. and May 31st in Australia. Rights Offering As ...
US boom transforming global oil trade
KXAN - 5/22/2013 10:23:35 PM
At the same time, the historically big oil consumers — the U.S., Europe and Japan — will use less. Overall, global demand is expected to rise 1.2 percent per year over the next five years. While the IEA report doesn't address the oil market ...
Kodiak Oil and Gas' CEO Presents at 2013 UBS Global Oil and Gas Conference (Transcript)
MSN Money - 5/23/2013 12:18:07 AM
As we develop here in 2013, we are trying two programs ... We think we are right on track to achieve our targets. Again the pie chart down in the lower left hand corner kind of depicts where we are going to be drilling our wells and where ...
IEA Says ‘Supply Shock’ From North American Shale And Tar Sands Is Transforming Global Energy Scene
International Business Times - 5/14/2013 1:21:53 PM
but also the technology that has allowed access to previously unattainable sources of light crude will be adopted in other parts of the world, causing a significant reassessment of countries’ proven oil reserves. “North America has set off a supply ...
Eco Atlantic Provides Interpretation of the Oil Proven in Regional Drilling Results - Source Rocks and High Grade Oil Confirmed in Walvis Basin, Offshore Namibia
Yahoo! Finance - 5/21/2013 5:45:36 PM
TORONTO, May 21, 2013 /CNW/ - Eco (Atlantic) Oil & Gas Ltd. ("Eco Atlantic" or the "Company") (TSX-V: EOG, NSX: EOG) provides technical interpretation of recent oil proven by HRT Participações em Petróleo S.A ("HRT") in the Walvis Basin and ...
African oil production - west to east
eandt.theiet.org - 5/19/2013 11:53:02 PM
Traditionally oil production in Africa has been centred on the west coast, but recently that exploration has moved ... basins of southern Sudan (Muglad Basin) where the petroleum system is proven and productive. The Muglad Basin is an analogue and provides ...
When America Stops Importing Energy
New York Times - 5/23/2013 1:08:13 AM
Energy-rich countries like Russia, Saudi Arabia or Venezuela could be in serious trouble. Higher prices and market power have allowed their rulers to boost their domestic popularity with subsidies ... Arabian Peninsula, Iran and Iraq together ...
THE OIL AND GAS MONSTER THAT ATE AMERICA
American Reporter - 5/22/2013 3:03:57 AM
When my savvy editor Joe Shea ran the latest eblasts of rumor and ... 40 cents more than the normal Arab-important oil market driven rate for gasoline at the pump if you knew that 100 per cent of your gas either was domestic or at least came from countries ...
Oil & gas reserves add to existing tensions between Israel & Lebanon
Channel NewsAsia - 5/17/2013 5:18:43 AM
TEL AVIV: The recent discovery of oil and gas reserves in the eastern Mediterranean off the Israeli, Cypriot and Lebanese coasts is a great boost to the independence and self-sufficiency of these countries. But the discoveries also add to existing tensions ...
