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
Russia's Oil Production Won't Falter
Forbes - 6/29/2016 7:25:31 PM
As perhaps the most hydrocarbon rich country in the world, Russia will remain an oil and ... has the “oil in the ground” to maintain or even increase oil production. Beyond rising proven reserves, the EIA’s latest estimate has Russia with a whopping ...
Hess Encouraged by Favorable Results of Second Well Offshore Guyana; Confirms a World-Class Oil Discovery
Business Wire - 6/30/2016 8:25:46 AM
The results confirm a world-class oil discovery with estimated recoverable resource ... We use certain terms in this release relating to resources other than proved reserves, such as unproved reserves or resources. Investors are urged to consider closely ...
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 ...
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 ...
30 countries with highest proven oil reserves
Rediff India Abroad - 3/1/2012 8:26:28 AM
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 metres, about 14% of the world total and the third largest in the world.
Exxon's Guyana Oil Discovery May Be Twice as Large as Thought
Rigzone - 6/30/2016 3:56:44 PM
The Liza field 120 miles (193 kilometers) from the coast of Guyana is a “world-class discovery ... a 39 percent boost in current proved reserves at the upper end of the estimate. Exxon’s announcement comes as the oil industry emerges from the ...
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 ...
COLUMN-Climate policies will not strand oil and gas reserves: Kemp
news.trust.org - 6/28/2016 11:58:43 PM
Climate campaigners claim a large percentage of already known oil, gas and coal reserves must ... like to happen in an ideal world with what is actually likely to happen in the real one. Fast-growing demand for energy from countries in the developing ...
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 ...
The 15 Countries with the Largest Oil Reserves
INSIDER MONKEY - 12/15/2014 6:47:31 AM
Have you ever wondered which are the countries with the largest oil reserves in the ... With the Largest Gold Reserves in the World. In compiling the current countdown we used the latest available data on the proven oil reserves of each country.
ONE OF THE MOST RICHLY-ENDOWED COUNTRIES IN THE WORLD, BUT THEN THEY DISCOVERED SOCIALISM:
PJ Media - 6/30/2016 1:09:06 AM
Related: Venezuela’s Oil Output Decline Accelerates as Drillers Go Unpaid. Gigantic oil reserves and they can’t even manage to pay to extract them. But, hey, Hugo Chavez and his cronies all became super-rich. Because equality!
Venezuela Energy Profile: Holds Some Of World’s Largest Oil And Natural Gas Proved Reserves – Analysis
Eurasia Review - 11/30/2015 4:45:55 AM
Venezuela is one of the world ... oil reserves are located in its Orinoco heavy oil belt, which has 220.5 billion barrels in proved oil reserves. Venezuela nationalized its oil industry in the 1970s, creating Petroleos de Venezuela S.A. (PDVSA), the ...
10 countries sitting on massive oceans of oil
The Business Insider - 7/21/2015 8:34:03 AM
The world ... amount of oil, the Islamic republic doesn't even make it into the top three when it comes to proven crude oil reserves. Using the data provided by Barclays commodities analyst Michael Cohen, we put together a list of the 10 countries sitting ...
Nigeria records increase in gas reserves
thenewsnigeria.com.ng - 6/30/2016 11:03:15 AM
The director said that an updated statistics on the new national gas reserves indicated that the country now had 190 trillion scuf deposit of natural gas. This had made the country the seventh producer of natural gas in the world and the largest in Africa.