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, 2020
See also: Oil - proved reserves mapRelated News
Oil Reserves
Investopedia - 8/4/2022 7:29:00 PM
Approximately 80% of the world’s oil reserves are in the Organization of the Petroleum Exporting Countries (OPEC). The Strategic Petroleum Reserve (SPR) is an emergency supply of crude oil that ...
Fact Check-Meme touting the Permian Basin as quick fix for U.S. domestic oil needs oversimplifies the economics and structure of the oil industry
Reuters - 7/26/2022 8:31:00 PM
A widely shared meme suggests the Permian Basin, the largest shale oil field in the United States, has “enough oil to fuel” the country ... resources and 4) proved reserves (here).
Israeli companies tout big plans to develop renewable energy projects in MENA
The Times of Israel - 8/17/2022 12:07:00 PM
NewMed (formerly Delek Drilling), developer of Leviathan and Tamar gas fields, and Enlight Energy to make push for green energy generation in region, including Saudi Arabia, Oman
BEACH REPORT ANNUAL PRODUCTION RESULTS, UPDATED RESERVES, AND PROPOSED DRILLING PROGRAM ON EX PEL 91 IN FY23.
Stockhouse - 8/16/2022 12:07:00 PM
Despite these challenges, oil production decline of ... Beach report Western Flank reserves and contingent resources as at 30th June, 2022. Categories presented for reserves are 1P reserves (Proved) and 2P reserves (Proved and Probable).
North America Oil & Gas Pipeline Market Size Analysis, Segments, Growth And Value Chain 2022-2031
MENAFN - 8/17/2022 12:25:00 PM
Shibuya-ku, Tokyo, Japan, Japan, Aug 17, 2022, 06:33 /Comserve / -- North America Oil & Gas Pipeline Market With Top Countries Data ... for 77.40% of total proved oil reserves, while the US ...
Evolution Petroleum Announces 55% Increase in Proved Reserves for Fiscal Year-End 2022 and Provides Operational and Balance Sheet Update
MarketWatch - 8/8/2022 10:30:00 AM
The Company's fiscal year ended June 30, 2022 SEC proved reserves were 36.2 MMBOE, up 55% from 23.4 MMBOE from the fiscal year ended June 30, 2021. The increase is attributable to the two acquisitions made in fiscal year 2022 along with positive revisions in the Barnett Shale and Hamilton Dome Field,
Early Production Facility Market is Expected to Register a CAGR of 2.07% to Reach 9.68 Bn by 2031
Digital Journal - 8/16/2022 12:51:00 PM
Europe had around 44 trillion cubic meters of proved natural gas reserves in ... more than 19% of the world’s total oil production. Furthermore, Russia & CIS countries are investing ...
Oil Demand Accelerates as Gas Crisis Spurs Switch, IEA Says
National Post - 8/12/2022 9:02:00 AM
The International Energy Agency boosted its forecast for global oil demand growth this year as soaring natural gas prices and heatwaves spur industry and power generators to switch their fuel to oil.