List of proven oil reserves

4 Nov 2019 Oil reserves are an estimate of the amount of crude oil located in a Reserves are calculated based on a proven/probable basis. Meanwhile, the U.S. is in the top ten with 61.2 billion barrels, putting it 9th on the list.

Venezuela tops the list with 300.9 billion barrels of oil in reserve – but even this vast wealth in natural resources has not been enough to save the country from its recent economic and humanitarian crisis. Saudi Arabia, a country known for its oil dominance, takes the #2 spot with 266.5 billion barrels of oil. With 300,878 million barrels of proven reserves, Venezuela has the largest amount of proven oil reserves in the world. The country's oil is a relatively new discovery. Previously, Saudi Arabia had always held the number one position. The oil sand deposits in Venezuela are similar to those in Canada. US proven oil reserves were 26.5 billion barrels (4.21×10^ 9 m 3 ) as of 2011. The 2011 data represent a 39% increase in proved reserves since 2008, but is 32% lower than the 39 billion barrels (6.2×10^ 9 m 3 ) of proven reserves in 1970, when the supergiant Prudhoe Bay field was found in Alaska. Proven reserves are further subdivided into " proven developed " (PD) and " proven undeveloped " (PUD). PD reserves are reserves that can be produced with existing wells and perforations, or from additional reservoirs where minimal additional investment (operating expense) is required.

14 Jan 2016 Do “invasions” and “emissions” top your list? The Middle East has just under half of the world's proven oil reserves, and most of its production 

This is a list of countries by proven oil reserves. Proven reserves are those quantities of petroleum which, by analysis of geological and engineering data, can be  9 Nov 2019 Oil. Canada has the third-largest oil reserves in the world. Of the 170 billion barrels of Canadian oil that can be recovered economically with  11 Jun 2019 The listing was postponed and is now planned for early next decade. Riyadh has rarely changed its oil reserves estimates in the past, despite  17 Jun 2019 Number one on this list of the top 10 oil-producing countries is the US. Nearly all of Canada's proven oil reserves are located in Alberta, and  LEFT: Proven recoverable conventional oil reserves of the Middle East in 2013 according to various sources. RIGHT: Oil production in Middle Eastern countries  

Venezuela tops the list with 300.9 billion barrels of oil in reserve – but even this vast wealth in natural resources has not been enough to save the country from its recent economic and humanitarian crisis. Saudi Arabia, a country known for its oil dominance, takes the #2 spot with 266.5 billion barrels of oil.

By the end of 2014, Canada had about 172.9 billion barrels of proven oil reserves, of which the most significant proportion is in the form of oil sands deposits in the province of Alberta. Furthermore, most of the country’s conventionally accessible oil reserves are to be found located in Alberta. As Countries with the biggest oil reserves Venezuela. Venezuela holds the world’s largest proven oil reserves. Saudi Arabia. Saudi Arabia ranks second biggest holding 265.4 billion barrels of proven oil reserve. Canada. Canada’s proven oil reserves stand at 173.1 billion barrels, Iran. Iran possible and undiscovered), the United States is at the top of the list with 264 billion barrels of recoverable oil reserves, followed by Russia with 256 billion, Saudi Arabia with 212 billion, Canada with 167 billion, Iran with 143 billion, and Brazil with 120 billion (Table 1). 7 Top Oil Stocks With Largest Proven Oil Reserves A second caveat is that figuring out which oil stocks have the largest proven oil reserves depends a lot on how you define the term.

Data presented on this list is through 2019. Values are presented in bbl/day ( Barrels Per Day). Estimates are made when official data is not available.

US proven oil reserves were 26.5 billion barrels (4.21×10^ 9 m 3 ) as of 2011. The 2011 data represent a 39% increase in proved reserves since 2008, but is 32% lower than the 39 billion barrels (6.2×10^ 9 m 3 ) of proven reserves in 1970, when the supergiant Prudhoe Bay field was found in Alaska. Proven reserves are further subdivided into " proven developed " (PD) and " proven undeveloped " (PUD). PD reserves are reserves that can be produced with existing wells and perforations, or from additional reservoirs where minimal additional investment (operating expense) is required.

This is a list of countries by proven oil reserves. Proven reserves are those quantities of petroleum which, by analysis of geological and engineering data, can be 

17 Jun 2019 Number one on this list of the top 10 oil-producing countries is the US. Nearly all of Canada's proven oil reserves are located in Alberta, and 

possible and undiscovered), the United States is at the top of the list with 264 billion barrels of recoverable oil reserves, followed by Russia with 256 billion, Saudi Arabia with 212 billion, Canada with 167 billion, Iran with 143 billion, and Brazil with 120 billion (Table 1).