As of january 2020, crude oil reserves in the united states of america was 12,744. Cia world factbook unless otherwise noted, information in this page is accurate as of january 1, 2019. This website highlights conventional and unconventional continuous oil and gas resources such as shale gas for more than 170 basins. The bars show proved oil and natural gas reserves by country. Use worldmap warp to upload and rectify scanned maps for use in worldmap. The gulf cooperation council gcc consisting of saudia arabia, united arab emirates, qatar, kuwait, bahrain, and oman has one of the highest proven reserves of both oil and natural gas worldwide. On a global basis, rystad estimates that the world has about 2,092 billion barrels of reserves, or about 70 years worth of oil at todays production rate of 30 billion barrels per year. Map of world oil reserves selfinvestors etfs, ipos. World shale resources grow with reserves in new countries. List 3 different ways that oil is used to meet energy needs in developed countries today. After peak oil, petroleum production will only decrease.
Petroleum is not distributed evenly around the world. Baker iii institute for public policy, rice university amy myers jaffe is the wallace s. Sep 25, 2015 the list of countries where fracking could unlock oil and gas reserves grew this year. The united states has the largest oil shale resources in the world. Proven oil reserves showcases the commercially available and theoretically recoverable oil reserves of a given country based on its recognized reservoirs. The united states of america is the top country by crude oil reserves in the world. Slightly less than half of the worlds proven reserves are located in the middle east including iran but not north africa. Proven oil reserves by country 2020 global firepower. Maps rectified using this tool can be brought into worldmap by following the instructions under section 4. As mentioned above, petroleum resources are not distributed evenly around the world. This is a list of countries by natural gas proven reserves based on the world factbook when no citation is given.
Rystad energy has published an interesting article claiming that the us has more oil reserves than saudi arabia if you include shale oil a new independent estimate of world oil reserves has been released by rystad energy, showing that the us now holds more recoverable oil reserves than both saudi arabia and russia. In 2014, albertas remaining established oil reserves stood at 168. The list of countries where fracking could unlock oil and gas reserves grew this year. Hence reserves will change with the price, unlike oil resources, which include all oil that can be technically recovered at any price. Other public sources of global oil reserves are based on official reporting from national authorities, with reserves reported based on a diverse. The oil and gas producing countries of north africa and. The usgs assesses potential for undiscovered oil and gas resources in priority geologic provinces in the world. World distribution of petroleum and mineral oil pmf ias. Oil reserves denote the amount of crude oil that can be technically recovered at a cost that is financially feasible at the present price of oil. List of countries by natural gas proven reserves wikipedia. World shale gas map map of 95 major basins in 42 countries. Total canadian proven oil reserves are estimated at 171. For the purposes of the gfp ranking, oil is a highlyvalued component when considering a prolonged military campaign and is used in conjunction with oil consumption and oil production values.
Slightly less than half of the world s proven reserves are located in the middle east including iran but not north africa. This is a list of countries by proven oil reserves. Opec member countries have made significant additions to their oil reserves in recent years, for example, by adopting best practices in the. The spe oil and gas reserves committee ogrc released guidelines for application of the petroleum resources management system pdf in 2011.
How much of the world s proven crude oil reserves lie under sw asia. Proved reserves of crude oil 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. This gives alberta the distinction of having the thirdlargest proven oil reserves in the world. Proved reserves of crude oil as of january 1 of the report year are the estimated quantities of. The us has added close to 50 billion barrels over the last year and now holds an estimated 310 billion barrels of recoverable oil with current technologies, equal to 79 years of us oil production at present.
The status of world oil reserves 8 competition from conventional resources in other regions such as north america, latin america, africa, and asia fades with depletion. Oil and natural gas resources map of the arctic ocean. For us, more than 50% of remaining oil reserves is unconventional shale oil. Petroleum and mineral oil world distribution more than half of the world s proven oil reserves are located in the middle east including iran but not north africa. Worldwide oil, natural gas reserves exhibit marginal increases. Provides a comprehensive snapshot of the global oil and gas industry, showing infrastructure developments for oil, gas and lng, both existing and planned, around the world. According to peak oil theory, increasing production will lead to a more rapid collapse of production in the future, while decreasing production will lead to a slower. No surprise in terms of consumption the us and china are runaway leaders here. Proved reserves of crude oil as of january 1 of the report year are the estimated quantities of all liquids defined. Which 2 countries currently consume the most oil annually. Proven 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.
Oil is a nonrenewable resource, and the world s oil reserves will not always be enough to provide for the world s demand for petroleum. A new independent estimate of world oil reserves has been released by rystad energy, showing that the us now holds more recoverable oil reserves than both saudi arabia and russia. World crude oil seaborne trade 1994 imointernet archive pdf world oil reserves energy bulletin world petroleum consumption by region, 2010 eia africa geology, oil and gas fields clickable map usgs africa pipelines map at end of page arabian peninsula geology, oil and gas fields clickable. Theres little doubt that renewable energy sources will play a strategic role in powering the global economy of the future but for now, crude oil is still the undisputed heavyweight champion of the energy world. Shale oil and shale gas resources are globally abundant. In dealing with russian resources the term natural bitumen is taken to include both maltha and asphalt but excludes asphaltite. The permian basin of west texas is the largest concentration of new drilling activity in the united states. Since albertas oil reserves account for 97 percent of canadas proven. Other public sources of global oil reserves are based on official reporting from national. Following the middle east are canada and the united states, latin america, africa, and the region made up of russia, kazakhstan, and other countries that were once part of the soviet. Though nigeria crude oil reserves fluctuated substantially in recent months, it tended to increase through february 2019 january 2020 period ending at 1,995 thousand barrels per day in january 2020. Download free oil and gas reserves, production and exploration maps sponsorsreturn to main free maps download page. An estimate of the amount of crude oil located in a particular economic region.
This map of top 10 countries with highest crude oil reserves shows the. Iran, russia, and qatar, which together held nearly half the world s proven reserves. The map displayed here shows how oil proved reserves varies by. Ogj data for oil reserves and production increasingly include natural gas liquids. An established standard approach for estimating reserves is applied to all fields in all countries, so reserves can be compared appletoapple across the world, both for opec and nonopec countries. Reserves may be for a well, for a reservoir, for a field, for a nation, or for the world. Its based on the probability of finding reserves in certain geological areas. That conclusion comes from a new independent estimate from rystad energy, a norwegian. Pdf the status of world oil reserves is a contentious issue, polarised between advocates of peak oil who believe production will soon decline, and. In an absolute sense, the growth in demand was dominated by the developing world, with china 0. The countries on this list span five continents and.
Also, some of the important economic oil shale reserves, reported by world energy council, are provided in table 2 with the reserve amounts, oil yield potentials and shale oil production figures for 1999. Even though venezuela has the highest oil reserves in the world, its production has been declining since the late 1990s. In 2012, the usgs completed a comprehensive assessment of priority basins throughout the world. Map of sedimentary provinces reporting heavy oil by richard f. Free oil and gas reserves, exploration, production maps. This view of the world oil market gained renewed popularity in the 2000s as oil prices were climbing.
The impact of the petroleum industry in china has been increasing globally as china is the fourthgreatest oil producer in the world china imported a record 6. World crude oil production including lease condensates according to us eia data decreased from a peak of 73. Oil and gas map sites perrycastaneda map collection ut. List of countries by proven oil reserves wikipedia.
Given that oil will continue to be dominant in the energy mix for the short and medium term, which countries hold the most oil reserves. Indeed, according to estimates published for 2015 by the u. Canada, united states, latin america, africa, and the region occupied by the former soviet union contains less than 15 percent of the worlds proven reserves. World oil reserves recoverable under current economic conditions 2010 proved oil reserves of eni 20142018 germany. The top 5 countries also includes russian federation, saudi arabia, iraq, and canada. It is an understatement to say that our provinces oil reserves are significant. According to the organization of petroleum exporting countries, the world proven crude oil reserves stood at 1,074,850 million barrels about 153 billion tonnes at the end of 2001. The key issues addressed will be oil and gas reserves, the leading producers and their characteristics, the trends in local energy consumption and international oil and gas exports. Data learn how the world bank group is helping countries with covid19 coronavirus. A map of world oil reserves according to opec, january 2014. Eia, 2017 oil reserves in iraq are considered the world s fifthlargest proven oil reserves, with 140 billion barrels. Despite shaky political situations in its recent history, the country of iraq sits upon some of the world s largest proven reserves of petroleum crude oil. Freeman 2007 plates supplement text in full report usgs citation for openfile report. Estimated shale oil and shale gas resources in the united states and in 7 shale formations in 41 other countries represent 10% of the world s crude oil and 32% of the world s natural gas technically recoverable resources, or those that can be produced using current technology without reference to economic profitability, according to a new eia.
Proved reserves of crude oil as of january 1 of the report year are the estimated quantities of all. Amerasian basin, arctic alaska basin, east barents basin, east greenland rift basin, west greenlandeast canada basin, west siberian basin, and the. The united states geological survey estimates that over 87% of the arctics oil and natural gas resource about 360 billion barrels oil equivalent is located in seven arctic basin provinces. The shade of the country corresponds to the magnitude of the indicator. Only countries with more than 20 billion barrels of oil are shown top maps. The united states again holds more recoverable oil than. It also assumes new types of technology will make it economically feasible to extract the oil. With only 2% of the world s oil reserves, we cant just drill our way to lower gas prices, president obama, 2012 the difference between a reserve. Oil and natural gas in gcc countries academic foresights. Energy information administration eia released its newest world shale resource assessment.
A map of world oil reserves according to opec, january 2014 this is a list of countries by proven oil reserves. Selected oil and gas reserves european environment agency. Energy information administration eia released its newest world. Oil reserves, resources, and unlimited future supply. Canada, united states, latin america, africa, and the region occupied by the former soviet union contains less than 15 percent of the world s proven reserves. Global oil reserves top countries share 2018 statista. Jan 28, 2016 petroleum and mineral oil world distribution more than half of the worlds proven oil reserves are located in the middle east including iran but not north africa.
As a matter of fact, owing to the civil unrest and military occupations which have characterized the national scene over the last few decades, it was not possible to do any meaningful exploration of iraqs. The map displayed here shows how oil proved reserves varies by country. The status of world oil reserves 4 about the authors amy myers jaffe wallace s. Map world oil and gas map, 4th edition alternative views. Estimated shale oil and shale gas resources in the united states and in 7 shale formations in 41 other countries represent 10% of the world s crude oil and 32% of the world s natural gas technically recoverable resources, or those that can be produced using current technology without reference to economic profitability, according to a new eiasponsored. Amerasian basin, arctic alaska basin, east barents basin, east greenland rift basin, west greenlandeast canada basin, west siberian basin, and the yenisey.
Oil reserves must have the potential of being extracted under current technological constraints. Based on data from bp, at the end of 2009, proved gas reserves were dominated by three countries. Heavy oil and natural bitumen resources in geological. No information is available for nonlisted countries. Proved crude oil reserves countries of the world by map. Close to 79 per cent of these reserves 845,421 million barrels were in the eleven opec countries algeria, indonesia, iran, iraq, kuwait, libya, nigeria, qatar, saudi arabia, united. Wilson fellow in energy studies and director of the energy forum at the baker institute, as well as associate director of the rice energy program. Following the middle east are canada and the united states, latin america, africa, and the region made up of russia, kazakhstan, and other countries that were once. Peak oil is the point when the oil industry is extracting the maximum possible amount of petroleum. The oil and gas producing countries of north africa and the middle east concerned. In january 2020, crude oil reserves for nigeria was 1,995 thousand barrels per day. Department of energy, as few as 15 countries account for more than 75 percent of the world s oil production and hold roughly 93 percent of its reserves.
Pdf the status of conventional world oil reserveshype or cause. The united states has again surpassed saudi arabia as the world s largest holder of recoverable oil, according to research and data expert rystad energy. Oil consumption in 2018 grew by an above average 1. Crude oil, natural gas, and natural gas liquids reserves summary, 2008. Canada accounts for 10% of the world s proven oil reserves.
In 2005, china was the worlds second largest oil consumer and india was sixth. Heavy oil and natural bitumen resources in geological basins. Todays map comes from and it uses data from the cia world factbook to resize countries based on the amount of oil reserves they hold. Proved reserves of crude oil as of january 1 of the report year are the estimated quantities of all liquids. World crude oil seaborne trade 1994 imo pdf world oil reserves energy bulletin world oil reserves the independent africa geology, oil and gas fields clickable map usgs. In doing some research for an oil trade article, i came across a darn good map of world oil reserves thats based in flash and interactive so you can see which countries have the most in reserve and which are the largest consumers. Probably nowhere else has energy resources played a critical role in countries development as has been the case with these countries. Sliding production is being attributed to government policies, which direct oil revenues to social programs that support the government, without reinvesting funds into the technology and infrastructure needed for heavy oil production. The 221page document replaces the 2001 guidelines for evaluation of reserves and resources with content expanded to focus on using the 2007 prms to classify petroleum reserves and resources.
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