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BP Statistical Review of World Energy: OIL Proved Reserves

Oil: Proved reserves

at end 1992

at end 2002

at end 2011

 

at end 2012

 

 
 

Thousand

Thousand

Thousand

Thousand

Thousand

 

 
 

million

million

million

million

million

Share

R/P

 

barrels

barrels

barrels

tonnes

barrels

of total

ratio

       

 

 

 

 

US

31.2

30.7

35.0

4.2

35.0

2.1%

10.7

Canada

39.6

180.4

174.6

28.0

173.9

10.4%

*

Mexico

51.2

17.2

11.4

1.6

11.4

0.7%

10.7

Total North America

122.1

228.3

221.0

33.8

220.2

13.2%

38.7

       

 

     

Argentina

2.0

2.8

2.5

0.3

2.5

0.1%

10.2

Brazil

5.0

9.8

15.0

2.2

15.3

0.9%

19.5

Colombia

3.2

1.6

2.0

0.3

2.2

0.1%

6.4

Ecuador

3.2

5.1

7.2

1.2

8.2

0.5%

44.6

Peru

0.8

1.0

1.2

0.2

1.2

0.1%

31.5

Trinidad & Tobago

0.5

1.1

0.8

0.1

0.8

w

18.8

Venezuela

63.3

77.3

297.6

46.5

297.6

17.8%

*

Other S. & Cent. America

0.6

1.6

0.5

0.1

0.5

w

9.7

Total S. & Cent. America

78.8

100.3

326.9

50.9

328.4

19.7%

*

       

 

     

Azerbaijan

n/a

7.0

7.0

1.0

7.0

0.4%

21.9

Denmark

0.7

1.3

0.8

0.1

0.7

w

9.7

Italy

0.6

0.8

1.4

0.2

1.4

0.1%

33.7

Kazakhstan

n/a

5.4

30.0

3.9

30.0

1.8%

47.4

Norway

9.7

10.4

6.9

0.9

7.5

0.4%

10.7

Romania

1.2

0.5

0.6

0.1

0.6

w

19.1

Russian Federation

n/a

76.1

87.1

11.9

87.2

5.2%

22.4

Turkmenistan

n/a

0.5

0.6

0.1

0.6

w

7.4

United Kingdom

4.6

4.5

3.1

0.4

3.1

0.2%

8.8

Uzbekistan

n/a

0.6

0.6

0.1

0.6

w

24.0

Other Europe & Eurasia

61.3

2.2

2.2

0.3

2.1

0.1%

14.8

Total Europe & Eurasia

78.3

109.3

140.3

19.0

140.8

8.4%

22.4

       

 

     

Iran

92.9

130.7

154.6

21.6

157.0

9.4%

*

Iraq

100.0

115.0

143.1

20.2

150.0

9.0%

*

Kuwait

96.5

96.5

101.5

14.0

101.5

6.1%

88.7

Oman

4.7

5.7

5.5

0.7

5.5

0.3%

16.3

Qatar

3.1

27.6

23.9

2.5

23.9

1.4%

33.2

Saudi Arabia

261.2

262.8

265.4

36.5

265.9

15.9%

63.0

Syria

3.0

2.3

2.5

0.3

2.5

0.1%

41.7

United Arab Emirates

98.1

97.8

97.8

13.0

97.8

5.9%

79.1

Yemen

2.0

2.9

3.0

0.4

3.0

0.2%

45.4

Other Middle East

0.1

0.1

0.7

0.1

0.6

w

8.4

Total Middle East

661.6

741.3

797.9

109.3

807.7

48.4%

78.1

       

 

     

Algeria

9.2

11.3

12.2

1.5

12.2

0.7%

20.0

Angola

1.3

8.9

10.5

1.7

12.7

0.8%

19.4

Chad

-

0.9

1.5

0.2

1.5

0.1%

40.7

Rep. of Congo (Brazzaville)

0.7

1.5

1.6

0.2

1.6

0.1%

14.8

Egypt

3.4

3.5

4.3

0.6

4.3

0.3%

16.1

Equatorial Guinea

0.3

1.1

1.7

0.2

1.7

0.1%

16.5

Gabon

0.8

2.4

2.0

0.3

2.0

0.1%

22.3

Libya

22.8

36.0

48.0

6.3

48.0

2.9%

86.9

Nigeria

21.0

34.3

37.2

5.0

37.2

2.2%

42.1

South Sudan

-

-

-

0.5

3.5

0.2%

*

Sudan

0.3

0.6

5.0

0.2

1.5

0.1%

50.0

Tunisia

0.5

0.5

0.4

0.1

0.4

w

17.9

Other Africa

0.8

0.6

2.2

0.5

3.7

0.2%

43.0

Total Africa

61.1

101.6

126.6

17.3

130.3

7.8%

37.7

       

 

     

Australia

3.2

4.6

3.9

0.4

3.9

0.2%

23.4

Brunei

1.1

1.1

1.1

0.1

1.1

0.1%

19.0

China

15.2

15.5

17.3

2.4

17.3

1.0%

11.4

India

5.9

5.6

5.7

0.8

5.7

0.3%

17.5

Indonesia

5.6

4.7

3.7

0.5

3.7

0.2%

11.1

Malaysia

5.1

4.5

3.7

0.5

3.7

0.2%

15.6

Thailand

0.2

0.7

0.4

0.1

0.4

w

2.7

Vietnam

0.3

2.8

4.4

0.6

4.4

0.3%

34.5

Other Asia Pacific

0.9

1.1

1.1

0.1

1.1

0.1%

10.5

Total Asia Pacific

37.5

40.6

41.4

5.5

41.5

2.5%

13.6

       

 

     

Total World

1039.3

1321.5

1654.1

235.8

1668.9

100.0%

52.9

of which: OECD

142.7

251.2

238.5

36.0

238.3

14.3%

33.4

                 Non-OECD

896.6

1070.3

1415.6

199.7

1430.7

85.7%

58.6

                 OPEC

772.7

903.3

1199.0

169.9

1211.9

72.6%

88.5

                 Non-OPEC £

207.1

327.9

329.4

48.8

331.0

19.8%

25.8

                 European Union #

8.3

8.0

6.9

0.9

6.8

0.4%

12.1

                 Former Soviet Union

59.6

90.3

125.8

17.1

126.0

7.5%

25.2

Canadian Oil Sands: Total

32.4

174.4

168.6

27.3

167.8

 

 

of which: Under active development

3.0

11.6

25.5

4.2

25.9

   

Venezuela: Orinoco Belt

-

-

220.0

35.3

220.0

 

 

* More than 100 years.

                 

 ^ Less than 0.05.

                 

w Less than 0.05%.

                 

£ Excludes Former Soviet Union.

                 

# Excludes Lithuania and Slovenia in 1992.

               

Notes: Proved reserves of oil - Generally taken to be those quantities that geological and engineering information indicates with reasonable certainty can

 

be recovered in the future from known reservoirs under existing economic and operating conditions.

         

Reserves-to-production (R/P) ratio - If the reserves remaining at the end of any year are divided by the production in that year, the result is the length of time

 

that those remaining reserves would last if production were to continue at that rate.

           

Source of data - The estimates in this table have been compiled using a combination of primary official sources, third-party data from the OPEC Secretariat, World Oil, Oil &

Gas Journal and an independent estimate of Russian and Chinese reserves based on information in the public domain. Canadian oil sands 'under active development'

 

are an official estimate. Venezuelan Orinoco Belt reserves are based on the OPEC Secretariat and government announcements.

       

Reserves include gas condensate and natural gas liquids (NGLs) as well as crude oil.

         

Shares of total and R/P ratios are calculated using thousand million barrels figures.

           
                   
                   

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