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
Scotland holds the largest oil reserve in the E.U. but proved they don’t need it
interestingengineering.com - 8/13/2016 6:22:00 AM
While the country is estimated to have the largest oil reserves in Europe, the country has proven they largely do not need it ... With one of the first countries to harness the power of water in the world, Scotland continues to live abide by that legacy ...
The World’s Largest Oil Reserves By Country
worldatlas.com - 6/29/2016 11:57:31 PM
we have profiled countries with the highest oil reserves in the world. These are the countries whose proven oil reserves are in the top 10 globally. U.S. oil reserves soared to new heights in recent years due to increased usage of unconventional drilling ...
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 ...
Iran adds 532 mb of oil, 522 bcm of gas to its reserves
today.az - 8/24/2016 8:46:26 AM
"Currently the country's recoverable proved oil and gas reserves stands at 159 billion barrels and 34 trillion cubic meters. In total the reserves of 18 oil and gas fields or layers were proved during August 2013 to August 2016," said the official.
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
Falling global oil reserves: Pricing blip or panic alarm? — Fuel for Thought
blogs.platts.com - 6/13/2016 4:56:51 AM
account for less than 3% of the total proven oil, Dale notes. By contrast more than 70% of the world’s reserves is mostly off-limits in OPEC member countries and two thirds of OPEC’s oil is in the Middle East.
7 Oil Stocks With the Largest Reserves
The Motley Fool - 4/11/2015 12:57:00 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 ...
OPEC Accounts for Most of the World’s Crude Oil Reserves
Yahoo Finance - 12/7/2015 3:00:24 PM
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 ...
UPDATE 2-World proven oil reserves at end 2006 edge down-BP
Reuters - 6/12/2007 11:51:23 AM
World ... more countries published reserves data. "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 ...