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, 2012
See also: Oil - proved reserves mapRelated News
Samson Oil & Gas Announces 61% Increase in Proved Reserve Volume & Extends Rights Offer
Daily Finance - 5/15/2013 1:39:11 AM
This development program is being undertaken adjacent to existing production and has been expected to add significant oil production and reserves to Samson, including the improvement in Proved Reserve announced today. The recently commenced ...
Samson Oil & Gas announces 61% increase in proved reserve volume
scandoil.com - 5/16/2013 12:50:53 PM
Samson Oil & Gas Limited announced a 61% increase in the independent estimate of its Proved Reserve since January 1st, and an extension of its ongoing shareholders Rights Offering to May 24th in the U.S. and May 31st in Australia. Rights Offering As ...
Algeria Energy Profile: Important Provider Of Natural Gas To Europe – Analysis
Eurasia Review - 5/21/2013 2:39:29 PM
Algeria is the largest natural gas producer ... IOCs with notable stakes in oil and gas fields are: Cepsa (Spain), BP (United Kingdom), Eni (Italy), Repsol (Spain), Total (France), Statoil (Norway), and Anadarko (United States). Sonatrach’s substantial ...
Global shares end higher as eyes turn to Fed
Reuters - 5/21/2013 8:15:55 PM
The Dow Jones industrial average and S&P 500 ended at all-time highs, while the dollar rose and gold fell. The euro was slightly higher, though a slowdown in British inflation sent sterling to a 7-week low on the view it could give the Bank of ...
Namibia finds oil for first time
news.malaysia.msn.com - 5/21/2013 9:46:00 AM
The Namibian government and a Brazilian energy firm on Tuesday announced the first discovery of oil off the coast of Namibia, although not in commercial volumes. Reporting findings from an exploratory well in the Walvis Basin off the southwest African ...
Cairn says MBA oilfield reserves up 5 per cent
Economic Times - 5/20/2013 12:46:08 PM
India will mandate that all firms offering internet telephony, including Skype owned by software giant Microsoft, must set up a server in the country ... oil equivalent. Cairn in a filing to the stock exchanges said recoverable reserves (Gross ...
THE OIL AND GAS MONSTER THAT ATE AMERICA
American Reporter - 5/21/2013 3:12:17 AM
During the oil crisis of the 1970's a long-neglected oil field in the area of Jay ... check THIS out: The Bakken is the largest domestic oil discovery since Alaska 's Prudhoe Bay , and has the potential to eliminate all American dependence on foreign ...
New Market Report Now Available: Canada Oil & Gas Report Q2 2013
SBWire - 5/15/2013 3:08:04 PM
Exploration in the country's offshore acreage and unconventional resources ... infrastructure bottlenecks depress demand for heavy Canadian crude. - Canada's proven oil reserves are expected to fall from 173.6bn barrels (bbl) in end-2012 to 158.0bn bbl ...
Marathon Oil Corporation to Participate in UBS Global Oil and Gas Conference
NBC News - 5/16/2013 12:43:43 PM
Marathon Oil Corporation is an international exploration and production company. Based in Houston, Texas, the Company had net proved reserves at the end of 2012 of 2 billion barrels of oil equivalent in North America, Europe and Africa. For more ...
REUTERS SUMMIT-Colombia pins energy hopes on shale oil discoveries
Reuters - 5/20/2013 4:20:53 PM
"Every day we work to increase reserves," Energy Minister Federico Renjifo told the Reuters Latin America Investment Summit. "We are making a real effort so that foreign investment comes to explore." The Andean nation closed 2012 with oil ...
Anadarko to Present at Upcoming Oil & Gas Conference
Yahoo! Finance - 5/20/2013 8:45:44 PM
will present at the 2013 UBS Global Oil & Gas Conference on Wednesday, May 22, 2013, at 7:30 a.m. CDT in Austin, Texas. A link to the audio webcast presentation will be available at www.anadarko.com. The replay and slide presentation also will ...
U.S. boom transforming global oil trade
Arlington Heights Daily Herald - 5/18/2013 11:54:14 PM
Where the oil ... countries produce more oil. "It is impossible to ignore the possibility that current non-conventional technologies, as they spread and get both perfected and mainstreamed, could lead to a wholesale reassessment of global ...
Unit Corporation : Announces 2012 Reserve Growth of 29%, Production Replacement of 337% and 2013 Guidance
4-traders - 5/21/2013 10:14:37 AM
The aggregate price used for all future reserves was $91.57 per barrel of oil, $30.57 per barrel of NGLs, and $2.58 per thousand cubic feet (Mcf) of natural gas ... of PV-10 to the standardized measure of discounted future net cash flows as defined ...
Energen Corporation Presentation at UBS Oil and Gas Conference Broadcast Live on the Internet
Yahoo! Finance - 5/20/2013 7:41:19 PM
Energen Corporation is an oil and gas exploration and production company with headquarters in Birmingham, Alabama. Through Energen Resources Corporation, the company has approximately 750 million barrels of oil-equivalent proved, probable ...
OIL DRILLING IN THE ARCTIC: AN ECOLOGICAL DISASTER WAITING TO HAPPEN
American Reporter - 5/21/2013 3:12:17 AM
Are we so desperate for one last big fix of oil, that we're willing to destroy one ... gas - equal to about one-third of the world's known gas reserves, or the equivalent of the total proven reserves of Russia. All this is being eyed by the five nations ...
