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
Energy XXI (Bermuda) Limited Presents at UBS Global Oil and Gas Conference, May-23-2013 10:35 AM
MSN Money - 5/23/2013 10:36:43 PM
Good morning, everybody. Thanks for having us here, Betty and Bill and the gang at UBS. Wrapping up the conference, always a fun way to go, staying between the oil and plains. But we all have exciting things going in Energy XXI, so let me tell ...
Oil-rich Turkmenistan faces global backlash
zawya.com - 5/24/2013 3:51:41 AM
or 11.7% of the world's total proven reserves. The Turkmen government intends to raise natural gas output to 230 billion cubic meters per year by 2030, from 45 billion cubic meters. In addition, oil production is expected to rise six-fold, according to ...
Brazil to hold oil auction
aajkikhabar.com - 5/24/2013 6:22:00 AM
Rio de Janeiro: Brazil's first auction of contracts to develop offshore oil and gas reserves in the pre ... could dramatically increase Brazil's proven-reserve tally and transform the country into a major crude exporter. But accessing those fields, so ...
Oil finishes week down 2% on concerns about global demand, Fed's next move
GlobalPost - 5/25/2013 11:07:09 AM
But four straight losses resulted in a weekly decline of $1.87 a barrel for ... TLM), (TSX:COS.UN), (TSX:CVE) http://www.globalpost.com/dispatch/news/the-canadian-press/130525/oil-finishes-week-down-2-concerns-about-global-demand-feds-n
Shale oil to flood the global oil markets with new supplies
Gulf News - 5/23/2013 7:13:18 AM
Abu Dhabi:A shale oil revolution made possible by the pioneering horizontal drilling and hydraulic fracturing ... their exploration efforts in shale, the global oil market looks poised to get flooded with new supplies. Given that fresh producing wells ...
Iraq, Jordan to announce oil pipeline construction tender
worldbulletin.net - 5/25/2013 9:19:46 AM
The oil ... world market. The construction of a new oil pipeline will put an end to oil transportation from Iraq to Jordan by tanks. Iraq and Jordan are holding the talks on announcing the tender for the construction of an oil pipeline between the two ...
THE OIL AND GAS MONSTER THAT ATE AMERICA
American Reporter - 5/24/2013 3:58:50 AM
First off, the impetus for cars powered by grass cuttings, corn, sugar beets, propane, cow manure, soy beans, or garbanzo-induced flatulence dissipates in the breeze of public opinion when $140 oil drops to $70. The strident alternative fuel advocates ...
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 ...
Oil found off Namibia for first time
en.starafrica.com - 5/21/2013 10:21:47 AM
will raise hopes that Namibia could become the latest southern African country to strike oil reserves. Angola to the north is Africa’s second-biggest producer of crude, after Nigeria. Namibia currently has no oil production and no proven reserves.
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 ... we have drilled two wells working off at somewhat at 4 Middle Bakken and then 3 Three Forks. As we develop here in 2013, we are trying two programs, we are putting 6 wells in ...
African oil production - west to east
eandt.theiet.org - 5/19/2013 11:53:02 PM
Traditionally oil production in Africa has been centred on the west coast, but recently that exploration ... to build the capacity and get local content put into our workforce," Hill says. One of the engineering challenges the company faced is that the ...
Crude oil outlook for 2011
High Plains Journal - 5/19/2013 11:53:02 PM
Two prime example of production constraints are as follows: First, much of the world's proven reserves are with countries that for the most part do not have stable governments, are state owned, or the oil reserves may be taken by the state at any point in ...
Libya -- Oil, Water, Gold Are the Real Issues
The Huffington Post - 4/15/2011 2:18:32 PM
Expectations are often more damaging than reality Libya's contribution to global oil production is in stark ... Libya has Africa's largest proven oil reserves but 75% of the country's petrol needs are met with imports because of limited refinery ...
Namibia records first oil discovery
Times of Zambia - 5/23/2013 4:31:39 PM
will raise hopes that Namibia could become the latest southern African country to strike oil reserves. Angola to the north is Africa’s second-biggest producer of crude, after Nigeria. Like Zambia, Namibia currently has no oil production and no proven ...
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 ...