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, 2012See also: Oil - proved reserves map
Oil surges after Saudi strikes in Yemen
CNN Money - 3/26/2015 1:58:55 PM
It has the world's largest proven oil reserves and production capacity. The country's leading position within the OPEC cartel makes it a key player in setting world oil prices. Adding to the uncertainty is Yemen's strategic location on a shipping route ...
The 17 Countries Sitting On The Most Valuable Energy Reserves
The Business Insider - 2/13/2014 11:51:58 AM
Saudi Arabia has nearly one fifth of the world’s proven oil reserves, in addition to being the largest producer and exporter of petroleum. Its largest oil field, the giant Ghawar field, has more proven oil reserves than all but seven countries.
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 ... 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 reserves ...
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 ...
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 ...
World Proved Oil Reserves, Fact Or Fiction
Seeking Alpha - 12/8/2014 3:38:22 PM
The EIA publishes annually a list of World Proved Reserves ... 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 oil reserves, but some reserves have been added to ...
30 countries with highest proven oil reserves
Rediff India Abroad - 2/29/2012 11:58:14 PM
And proven oil reserves are those that claim to have a reasonable ... 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 of natural gas are nearly 26 trillion cubic ...
The World’s Top 10 Oil Companies
24/7 Wall ST - 12/15/2014 10:50:54 AM
Of the top 10 countries holding portions of those reserves ... What follows is a look at the top 10 oil companies in the world based on proved reserves. Proved reserves, by definition, are those that have a “reasonable certainty” of being extracted ...
Top 10 oil and gas producing countries in 2012
Mining - 6/14/2013 10:46:25 PM
World oil production rose about 2.5% last ... The US, China and Mexico are the most “unthrifty” countries with only about 11 years before they exhaust their current proved oil reserves (Figure 2). With an output of 681 billion cubic metres in 2012 ...
Anadarko Petroleum: Oil Price Scenarios That Could Significantly Impact Its Valuation
Forbes - 3/26/2015 8:36:48 AM
At the end of 2014, Anadarko had proven reserves of ... we believe that oil prices cannot sustain above the $100 per barrel mark for long under normal geopolitical conditions, unless the Organization of Petroleum Exporting Countries decides to sacrifice ...
Oil prices could fall further if Iran nuclear deal is reached
Vox - 3/24/2015 11:59:36 AM
with almost 10 percent of the world's proven reserves. But in terms of actual oil production, the country has become more of a minnow. That reflects the multifaceted impact of international sanctions on the Iranian industry. Most of all, the financial ...
Oil prices cast shadow on World Heavy Oil Congress
Beacon News - 3/22/2015 7:40:06 PM
“It is still the largest gathering anywhere in the world of the heavy oil community.” Presentations on the future of solar power in oil extraction and on a timeline for when Middle East countries will begin developing their extensive heavy oil reserves ...
Fossil fuels will save the world (really)
Beaufort Observer - 3/23/2015 4:08:21 AM
The U.S.—the country with the oldest and most developed hydrocarbon ... when he announced on television in 1977 that "we could use up all the proven reserves of oil in the entire world by the end of the next decade." That fossil fuels are finite is ...
Nigeria’s daily oil exports hit 2.05 million barrels in 2014
The Guardian - Nigeria - 3/25/2015 1:07:01 AM
Despite United States’ refusal to import crude oil from Nigeria due to its shale ... It disclosed that Nigeria is the largest holder of proved natural gas reserves in Africa and the ninth-largest holder in the world. Nigeria produced 1.35 Tcf of dry ...
Kuwait’s oil and gas business still resilient after price fall
The National - 3/26/2015 11:50:05 AM
While some of the world’s most hydrocarbon-dependent countries need to sell oil at a high price ... domestic product and about 95 per cent of its export revenue. Proven crude oil reserves amount to 101,500 million barrels, with 2,925,000 bpd produced ...