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 ...
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 ...
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 ...
Oil found off Namibia for first time
en.starafrica.com - 5/21/2013 10:21:47 AM
The Namibian government and a Brazilian energy firm on Tuesday announced the first discovery of oil off the coast of Namibia, although not in commercial volumes. Reporting findings from an exploratory well in the Walvis Basin off the southwest ...
Cairn says MBA oilfield reserves up 5 per cent
Economic Times - 5/20/2013 12:46:08 PM
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 ...
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 ...
Kodiak Oil and Gas' CEO Presents at 2013 UBS Global Oil and Gas Conference (Transcript)
MSN Money - 5/23/2013 12:18:07 AM
Very happy to have Kodiak Oil & Gas being our next presenter. A lot of exciting things going on with 12 well pilot tests that’s coming ... We have a very busy completion schedule commencing literally today and going to carry through the ...
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 ...
Marathon Oil's Management Presents at UBS Global Oil and Gas Conference (Transcript)
MSN Money - 5/21/2013 8:08:46 PM
Our proved reserves are up to $2 billion barrels oil equivalent. And I think very importantly, we’ve got a strong position in the two highest value resources plays of lower 48, that being the Bakken and the Eagle Ford. When you look at the ...
THE OIL AND GAS MONSTER THAT ATE AMERICA
American Reporter - 5/22/2013 3:03:57 AM
sounds like someone selling swamp water - thanks. Chain e-mail: If you start reading and "don't believe" go to the bottom of the page and click on the US Government link. You'll get the same information. The U. S. Geological Service issued a report in ...
Kuwait- 'Shale oil reserves amount to 2 tln bbls'
MENAFN - 5/18/2013 11:54:14 PM
"But the impact is unlikely to be seen in the short as the US imports at present between eight million and nine million bpd so it cannot do without the Gulf oil," he opined. The Gulf countries have the world's largest reserves of conventional crude oil ...
Anadarko to Present at Upcoming Oil & Gas Conference
WorldNetDaily - 5/21/2013 2:43:39 AM
acquiring and developing oil and natural gas resources vital to the world's health and welfare. As of year-end 2012, the company had approximately 2.56 billion barrels-equivalent of proved reserves, making it one of the world's largest independent ...
Two Countries, Two Views On Oil & Gas
fuelfix.com - 5/23/2013 4:57:17 AM
Here, we have anti-fracing activists, demonstrations against the Keystone XL pipeline, and it’s been a long time since I’ve heard anyone in the media really speak out in praise of this industry. Certainly, people have the right to their own ...
Canada is no energy superpower
Record - 5/23/2013 3:20:04 PM
VANCOUVER — In a speech to the Canada-UK Chamber of Commerce in London on July 14, 2006, Prime Minister Stephen Harper referred to Canada as the emerging “energy superpower” that his government “intends to build.” The prime minister and Joe ...
