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
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.
Government Allocates Rs 4,948 Crore for Filling Strategic Oil Reserves
NDTV - 3/31/2015 7:58:04 PM
New Delhi: Taking advantage of lower oil prices, the government on Tuesday allocated Rs 4,948 crore to full the country's maiden strategic oil reserves to insulate itself ... of crude oil and abnormal spike in world oil prices," it added.
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 ...
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 ...
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 ...
Oil to drop if Iran nuclear deal is reached
Gulf News - 3/31/2015 4:16:10 PM
Iran has the world’s fourth-largest proven oil reserves after Saudi Arabia, Venezuela and Canada. The country’s oil production has declined over the years due to international sanctions imposed by the US and other western countries over its ...
Oil majors over a barrel due to falling reserves
The Irish Times - 3/31/2015 11:54:17 PM
The world’s largest oil and gas groups shed more than a billion barrels ... and depend in part on companies’ approach to booking barrels as “proved” reserves, the deteriorating exploration performance – if sustained – will raise questions ...
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 ...
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 ...
Iran’s return to oil market will be ‘long and arduous’
Market Watch - 3/31/2015 4:16:10 PM
After all, Iran does hold the world’s fourth-largest proven crude-oil reserves, according to the U.S. Energy Information ... If all sanctions on Iran were lifted, the country could dump another 800,000 barrels a day on the market, Kerr said.
How the conflict in Yemen is impacting the oil market
The National - 3/30/2015 2:37:08 PM
World benchmark North Sea Brent crude ... on the oil market,” Mr Abi Ali says. Yemen’s own proved reserves are about 3 billion barrels of oil and 17 trillion cubic feet of gas. However, the country is a relatively small oil and gas producer and the ...
The Hidden Effects of Cheap Oil
The Atlantic - 3/31/2015 2:35:57 PM
Not much, except that they’re all grappling with an inconvenient but incontrovertible truth: a sudden, significant, and prolonged shift in the price of oil changes the world ... Bank’s reserves are shrinking, capital is fleeing the country, export ...
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 ...
Venezuela Passes Saudis to Hold World’s Biggest Oil Reserves
Bloomberg - 6/14/2012 3:18:49 PM
June 14 (Bloomberg) -- 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 ...
Global Enhanced Oil Recovery (EOR) Industry Outlook to 2018 - EOR Applications in Mature Oil Reserves to Drive the Industry Growth
IT Business Net - 3/19/2015 11:39:53 PM
LONDON, March 19, 2015 /PRNewswire/ -- EXECUTIVE SUMMARY The report titled 'Global EOR Industry Outlook to 2018 EOR Applications in Mature Oil Reserves to Drive the Industry Growth' provides a comprehensive analysis of the EOR industry in the world ...