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
Oman oil and gas minister praises fracking
bakken.com - 10/29/2014 4:04:20 PM
Though he had traveled to the U.S. many times, he said, this was his first visit to Pittsburgh, where the shale boom brings to mind his own country ... proven oil reserves of 5.5 billion barrels — modest by Middle Eastern standards — rank 22nd in the ...
A World Awash in Cheap Oil Threatens GCC
businessweekme.com - 10/30/2014 6:09:01 AM
the GCC is home to almost 30 percent of the world’s proven oil reserves, while Saudi Arabia, the UAE and Kuwait rank among the top five global crude exporters. But despite enjoying vast resource wealth, regional governments face growing challenges in the ...
Ch.Khashchuluun: Oil shale can attract investments equivalent to that of Oyu Tolgoi’s
Ubpost Banner - 10/26/2014 11:28:43 AM
Genie Oil is highlighting outputs that contain petroleum product. Laboratory studies proved ... is the world’s dominant oil exporting country. They granted the first two oil shale licenses. They’ve begun allocating deposit fields. Oil reserves are ...
Why Oil Prices Are About to Settle
The Motley Fool - 10/28/2014 1:49:31 PM
... that OPEC member nations control 81 percent of the World's proven oil reserves. The U.S. may have overtaken Saudi Arabia as the world's largest current producer, but the OPEC countries combined still call the shots. It is interesting then that a ...
Is the US oil boom in trouble?
The Christian Science Monitor - 10/30/2014 11:52:37 AM
Oil prices: 5 reasons they keep falling Today, US oil production is at its highest level in three decades, and the country imports dramatically ... they tell the federal government they have in proved reserves. The gulf between the two numbers is often ...
IBM and Repsol Launch World's First Cognitive Technologies Collaboration for Oil Industry Applications
Yahoo Finance - 10/30/2014 11:59:46 AM
YORKTOWN HEIGHTS, N.Y. and MADRID, Oct. 30, 2014 /PRNewswire/ -- Scientists at IBM (NYSE: IBM) and leading global energy company Repsol S.A.(REP.US) announced today the ... integrated oil and gas company present in over thirty countries, employing 24,000 ...
Colombia Oil & Gas Report Q4 2014 - New Market Research Report
TMCnet - 10/30/2014 1:39:59 PM
While the past decade has witnessed strong production growth due to improvements in the business and security environment, we caution that the country will experience ... Capacity and Reserves: Proven oil reserves (bn barrels), production, consumption ...
Falling Oil Prices and Saudi Decisionmaking
Breaking Energy - 10/29/2014 10:56:32 AM
As prices drop to around $80 per barrel, more attention is being focused on the mindset of Saudi Arabia, the world’s largest oil ... Apart from its huge oil wealth — nearly a quarter of proven global reserves — the kingdom is also the leader of ...
“PrimeEnergy Corporation Oil & Gas Exploration and Production Operations and Cost Analysis – Q2, 2014″ Published
eTV Futures - 10/29/2014 7:39:05 PM
PrimeEnergy Corporation Oil & Gas Exploration and Production Operations ... The report provides detailed crude oil and natural gas reserves and production information of the company by country as disclosed in their annual report and regulatory filings.
Reef Oil & Gas Drilling and Income Fund, L.P. Lands in the Eagle Ford Shale with New Acquisitions to Support Public Fund
EIN News Desk World News Report - 10/27/2014 11:20:23 AM
The acquisition will add approximately 120 barrels of oil equivalent per day to the Partnership's production, with estimated proved reserves of 701,000 barrels ... of the most attractive shale plays in the world right now," President and CEO Mike Mauceli ...
Nigeria’s oil production now lowest –NAPE
Punch - 10/29/2014 11:06:41 PM
had in the last five years witnessed some of the most sweeping changes since the discovery of crude oil in the country more than five decades ago. On the international scene, the association said the advent of Shale gas had proved to be a game changer and ...
Emerging markets will use Adipec as a benchmark [Oil & Gas News]
TMCnet.com - 10/29/2014 7:50:25 AM
The UAE is one of the 10 largest producers of oil and natural gas in the world, and is a member of the Organization of Petroleum Exporting Countries (Opec), and the Gas Exporting Countries Forum (Gacs). The UAE holds the seventh largest proved reserves of ...
“Cameroon Oil & Gas Report Q4 2014″ Now Available at Fast Market Research
University Chronicle - 10/27/2014 1:36:23 PM
Oil production ... 000b/d); Proven gas reserves (tcm), production and consumption (bcm) About Fast Market Research Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers ...
XR Energy, Inc. to Engage Petroleum Engineer to Appraise Oil Reserves
KMPH Fox 26 - 10/29/2014 5:23:05 PM
XR Energy is an independently registered publicly traded company (OTCBB: XREG) in the oil and gas industry. The focus of our business is to explore, develop, enhance, and remediate multiple oil and gas properties that have proven, available reserves ...
Iran crude oil output to rise to 4.3mn bpd soon: Official
presstv.com - 10/26/2014 9:19:52 AM
Iran will be capable of extracting from its oil reservoirs for the next six decades as the country's proven oil reserves are estimated at 157 billion barrels, the NIOC says. Tehran and the five permanent members of the UN Security Council - China ...