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
Table 1 : world proved oil reserves by country as of
www.coursehero.com - 12/31/2005 11:57:47 PM
This is the end of the preview. Sign up to access the rest of the document. Unformatted text preview: Table 1 : World Proved Oil Reserves by Country as of January 1, 2006 (billion barrels) Country Oil Reserves Saudi Arabia 264.3 Canada 178.8 Iran 132.5 ...
As Oil Prices Climb, China and India Curb Their Enthusiasm for Reserves
The Wall Street Journal - 1/23/2017 5:24:42 AM
The world’s oil producers ... For years, the governments of emerging oil consumers like China and India have been stockpiling crude, looking to build buffers like those long held by the U.S. and other developed countries. These stockpiling efforts ...
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 ...
World Proved Oil Reserves Data A Work Of Fiction
Oil Price - 12/9/2014 5:07:16 AM
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 ...
Venezuela's Oil Reserves Are Probably Vastly Overstated
Forbes - 7/1/2016 12:35:07 PM
By 2010 the country’s proved reserves reached 297 billion barrels, leaping over Saudi Arabia to become the country with the world’s largest crude oil reserves. Was this massive increase in its proved reserves a result of huge new oil discoveries in ...
Gran Tierra Energy Inc. Completes a Transformational Year and Announces a 91% Increase in 2P Reserves and a 146% increase in 3P Reserves
Market Watch - 1/23/2017 6:00:29 AM
We are pleased that in 2016 we were able to add approximately 9.2 million barrels of oil equivalent ("MMBOE") of Proved plus Probable ... through 2019 on a 2P reserves basis and through 2020 on a 3P reserves basis and a world class exploration portfolio ...
7 Oil Stocks With the Largest Reserves
The Motley Fool - 4/11/2015 8:53:37 AM
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 ...
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 ...
Are Proven Oil Reserves Just A Political Tool?
Yahoo Finance - 1/1/2017 4:20:43 PM
(Click to enlarge) The aggregation of proved field oil reserves largely underestimates the proved reserves of the country or of the world: it is incorrect to make an arithmetic addition, only aggregation of mean reserves is correct. In the Gulf of Mexico ...
Oil reserves in selected countries 1990-2015
www.statista.com - 1/5/2017 4:44:36 PM
Global oil reserves - share of leading countries 2015 Global oil reserves - share of ... reserves 2009-2015 OPEC - share of global crude oil reserves 2009-2015 World oil industry: proved oil reserves by leading companies 2013 World oil industry: proved ...
OPEC Shrugs Off Threat of U.S. Cutting Oil Imports
Bloomberg - 1/23/2017 11:29:46 AM
OPEC’s two biggest suppliers to the U.S. shrugged off a vow by President Donald Trump to end dependence on the group’s oil, saying the world ... Martinez said he expects his country’s crude exports to the world’s top consumer to remain stable.
BP: World oil and gas reserves still growing at healthy pace
resilience.org - 6/19/2004 11:56:12 PM
WASHINGTON, DC, June 21 -- BP PLC tried recently to quell renewed concerns by some industry observers that world oil reserves ... for determining proved reserves, nor does it necessarily represent BP's view of proved reserves by country.
OPEC Accounts for Most of the World’s Crude Oil Reserves
Market Realist - 12/7/2015 7:22:16 AM
BP’s (BP) statistical review shows that OPEC (Organization of the Petroleum Exporting Countries) accounts for 71.6% of the world’s total proved crude oil reserves. OPEC countries have around 1,216 billion barrels of crude oil reserve. Saudi Arabia ...
15 countries with biggest oil reserves
Rediff India Abroad - 10/18/2011 10:52:16 AM
countries with the most oil within their borders are set to benefit as demand for crude continues to rise. As of 2010, the US government estimates that the world has proved reserves in the neighbourhood of 1.35 trillion barrels; the net amount of oil ...
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 ...