Friday, October 07, 2022

At Current Burn Rates The U.S. Guesstimates It Has Between A 10-14 Year Total Supply

 
wikipedia |  Proven oil 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.

Some statistics on this page are disputed and controversial. Different sources (OPEC, CIA World Factbook, oil companies) give different figures. Some of the differences reflect different types of oil included. Different estimates may or may not include oil shale, mined oil sands or natural gas liquids.

Because proven reserves include oil recoverable under current economic conditions, nations may see large increases in proven reserves when known, but previously uneconomic deposits become economic to develop. In this way, Canada's proven reserves increased suddenly in 2003 when the oil sands of Alberta were seen to be economically viable. Similarly, Venezuela's proven reserves jumped in the late 2000s when the heavy oil of the Orinoco Belt was judged economic. 

Reserves amounts are listed in millions of barrels. The column "Years of production in reserve" uses the daily production figures as of 2016[5] (multiplied by 365).


* indicates "Oil reserves in COUNTRY or TERRITORY" or "Energy in COUNTRY or TERRITORY" links.

Proven reserves (millions of barrels)
Country US EIA
[6]
OPEC
[7]
BP
[8]
Others Oil production
2020 (bbl/day)[9]
Years of
production
in reserve
 Venezuela *(OPEC) 303,806 302,809 300,900
527,063 1,578
 Saudi Arabia *(OPEC) 258,600 266,260 266,000
9,264,921 76
 Iran *(OPEC) 208,600 [10] 208,600 155,600
2,665,809 214
 Canada * 170,300 4,421 172,200 [11] 171,000 4,201,101 111
 Iraq *(OPEC) 145,019 147,223 143,100
4,102,311 97
 Kuwait *(OPEC) 101,500 104,000 104,000
2,625,145 106
 United Arab Emirates *(OPEC) 97,800 98,630 98,630
3,138,249 85
 Russia * 80,000 80,000 102,400
9,865,495 22
 Libya *(OPEC) 48,363 74,363 78,400
408,074 324
 United States * 47,107 32,773 55,000 [12] 43,629 11,307,560 11
 Nigeria *(OPEC) 36,890 37,453 37,100
1,775,940 57
 Kazakhstan * 30,000 30,000 30,000
1,756,705 47
 China * 26,022 25,627 18,500
3,888,989 18
 Qatar * 25,244 25,244 25,244
1,530,000 45
 Brazil * 12,714 12,634 13,000 [12] 16,848 2,939,950 12
 Algeria *(OPEC) 12,200 12,200 12,200
1,122,432 30
 Guyana *


10,000[13] 83,174 329
 Ecuador 8,273 8,273 8,000
479,371 47
 Norway * 8,122 6,376 8,000
1,712,937 13
 Angola *(OPEC) 7,783 8,384 12,700
1,249,678 17
 Azerbaijan * 7,000 7,000 7,000
693,880 28
 Mexico * 5,786 6,537 10,800 [14] 9.700 1,710,303 9
 Oman * 5,373 5,373 5,300
948,967 16
 Sudan * 5,000 5,000 1,500
64,740 211
 India * 4,604 4,495 5,680 [12] 4,409 627,415 20
 Vietnam * 4,400 4,400 4,000
193,264 62
 Malaysia * 3,600 3,600 3,600 [12] 5,542 541,017 18
 Egypt * 3,300 4,400 3,500
586,735 15
 Yemen * 3,000
3,000
66,000 124
 Congo(OPEC) 2,882
1,600
282,541 28
 United Kingdom * 2,500 2,069 2,800 2,618 947,208 7
 Syria * 2,500 2,500 2,500
35,000 196
 Uganda * 2,500




 Argentina * 2,482 2,162 2,400 2,330 440,335 15
 Indonesia * 2,480 3,310 3,600 [12] 3,497 712,112 10
 Australia * 2,446 3,985 4,000 4,002 351,180 19
 Colombia * 2,036 1,665 2,300
791,844 7
 Gabon *(OPEC) 2,000 2,000 2,000
173,634 56
 Chad * 1,500
1,500
115,817 35
 Brunei * 1,100 1,100 1,100
98,642 31
 Equatorial Guinea *(OPEC) 1,100
1,100
147,563 20
 Peru * 858
1,400 [12] 1,489 40,386 58
 Ghana * 660


199,478 9
 Romania * 600
600
67,574 24
 Turkmenistan * 600 600 600
184,579 9
 Uzbekistan * 594 594 600
37,997 43
 Pakistan * 540

[12] 236 79,112 19
 Italy * 497
600 [12] 595 100,514 14
 Denmark * 441 439 600 [12] 550 71,339 17
 Tunisia * 425
400
30,738 38
 Ukraine * 395 395

33,577 32
 Turkey * 366

[12] 284 61,757 16
 Thailand * 252
400
202,117 3
 Trinidad and Tobago * 242
700 [12] 830 56,556 12
 Bolivia * 240

[12] 210 60,161 11
 Cameroon * 200


66,749 8
 Belarus * 198 198

34,249 16
 Bahrain * 186


43,000 12
 DR Congo 180


23,000 21
 Papua New Guinea * 159

[12] 158 40,249 11
 Albania * 150


14,331 29
 Chile * 150


1,582 260
 Niger * 150


9,497 43
 Spain * 150


628 654
 Myanmar * 139


8,833 43
 Philippines 138


12,249 31
 Netherlands 137

[12] 141 14,579 26
 Cuba * 124

[12] 124 41,079 8
 Germany * 115

[12] 229 37,508 8
 Poland * 113

[12] 151 18,765 16
 Ivory Coast * 100


36,746 7
 Suriname 89


14,915 16
 Guatemala 86


7,749 30
 Serbia * 77


15,249 14
 Croatia * 71


11,749 17
 France * 61


12,910 13
 Japan * 44


4,333 28
 New Zealand * 40


18,579 6
 Kyrgyzstan * 40


1,000 110
 Austria * 35


10,822 9
 Georgia * 35


400 240
 Bangladesh * 28


3,000 26
 Mauritania * 20




 Bulgaria * 15


1,000 41
 Czech Republic * 15 15.0

2,000 21
 South Africa * 15 15

1,000 41
 Israel * 12

[12] 12 300 110
 Hungary * 12

[12] 35 16,418 2
 Lithuania * 12


2,000 16
 Tajikistan * 12


180 183
 Greece * 10


1,831 15
 Slovakia * 9


200 123
 Benin * 8




 Belize * 6


1,700 10
 Taiwan * 2


196 28
 Barbados 1


1,000 3
 Jordan * 1

[12] 1

 Morocco * 0.6


160 10
 Ethiopia * 0.4




 Kenya * 0
750


 South Sudan



162,475
 Mongolia *



17,582
 East Timor *



14,000
 Portugal *



12,932
 World 1,661,905 1,535,773 1,750,600
76,137,732 60

 wikipedia |  This list is based on CIA The World Factbook (when no citation is given).[1] or other authoritative third-party sources (as cited). Based on data from EIA, at the start of 2021, proved gas reserves were dominated by three countries: Iran, Russia, and Qatar.

There is some disagreement on which country has the largest proven gas reserves. Sources that consider that Russia has by far the largest proven reserves include the US CIA (47600 cubic kilometers),[2] the US Energy Information Administration (EIA) (49000 km³),[3] and OPEC (48810 km3).[4] However, BP credits Russia with only 32900 km3,[5] which would place it in second place, slightly behind Iran (33100 to 33800 km3, depending on the source).

Due to constant announcements of shale gas recoverable reserves, as well as drilling in Central Asia, South America and Africa, deepwater drilling, estimates are undergoing frequent updates, mostly increasing. Since 2000, some countries, notably the US and Canada, have seen large increases in proved gas reserves due to development of shale gas, but shale gas deposits in most countries are yet to be added to reserve calculations. 

Proven Reserves (km³)
Country U.S. EIA
(start of 2021)[6]
OPEC
(start of 2018)[7]
BP
(start of 2018)[8]
Other Production
km³/year
(in 2020)
[9]
Years of
production
in reserve[10]
 Russia * 47,798 50,617 35,000
624 77
 Iran * 33,980 33,810 33,200
238 (2019) 143
 Qatar * 23,871 23,861 24,900
167 (2019) 143
 Saudi Arabia 15,910 (2022) 8,715 8,000
114 140
 United States * 13,167 (2020) 9,067 8,700
947 14
 Turkmenistan * 11,326 9,838 19,500
84 (2019) 135
 China * 6,654 2,934 5,500
179 (2019) 37
 United Arab Emirates * 6,088 6,091 5,900
63 97
 Nigeria * 5,748 5,627 5,200 5,932[11] 46 (2019) 125
 Venezuela * 5,663 5,707 6,400
23 (2019) 246
 Algeria * 4,502 4,504 4,300
88 (2019) 51
 Iraq * 3,738 3,744 3,500
11 (2019) 340
 Australia * 3,228 3,173 3,600
146 (2019) 22
 Mozambique * 2,832


5 (2019) 566
 Canada * 2,067 2,059 1,900
179 (2019) 12
 Uzbekistan * 1,841 1,564 1,200
47 (2019) 39
 Kazakhstan * 1,840 1,898 1,100
26 (2019) 71
 Egypt * 1,784 2,221 1,800
77 (2019) 23
 Kuwait * 1,784 1,784 1,700
20 (2019) 89
 Azerbaijan * 1,699 1,227 2,800
23 (2019) 74
 Norway * 1,557 2,314 1,700
112 14
 Libya 1,501 1,505 1,400
11(2019) 136
 Indonesia * 1,415 2,866 2,900
63 22
 India * 1,388 1,289 1,200
28 50
 Malaysia * 1,189 2,909 2,700
75 (2019) 16
 Ukraine * 1,104 304 1,100
20 (2019) 55
 Vietnam * 708 203 600
8 (2019) 88
 Oman * 651 884 700
37 (2019) 18
 Myanmar * 651 273 1,200
18 (2019) 36
 Pakistan * 595 757 400
38 (2019) 16
 Yemen * 481
300
0.09 (2019) 5,344
 Argentina * 396 381 300
41 10
 Brazil * 368 325 400
25 (2019) 15
 Angola * 339 422

7 (2019) 48
 Peru * 311 513 400
12 26
 Trinidad and Tobago * 311 433 300
31 10
 Bolivia * 311 310 300
15 (2019) 21
 Congo * 283 111

1.4 (2019) 202
 Brunei * 261 252

12 22
 Syria 241 300 300
4 (2019) 60
 Papua New Guinea 184
200
12 15
 Mexico 181 146 200
27 (2019) 7
 United Kingdom * 181 269 200
40 (2019) 5
 Israel * 176
500
10 (2019) 18
 Thailand * 139 180 200
38 (2019) 4
 Equatorial Guinea * 139 145

5 (2019) 28
 Cameroon * 135 152

3 (2019) 45
 Netherlands * 133 804 700
33 (2019) 4
 Bangladesh * 127 346 200 [12] 385 29 (2019) 4
 Romania * 105 105 100
10 (2019) 10
 Philippines 99


4 (2019) 25
 Chile * 99 5.30

1 99
 Poland * 90 56.3 100
5.66 16
 Colombia * 88 104 100
11 8
 Sudan * 85


0 -
 Bahrain * 82
200
18 (2019) 5
 Cuba * 71


1 (2019) 71
 Tunisia * 65


1 (2019) 65
 Namibia 62


0 -
 Rwanda * 57


0 -
 Afghanistan * 51


0.08 638
 Serbia * 48


0.45 (2019) 107
 Italy * 45 27.1 100
4 11
 New Zealand * 31


5 6
 Ivory Coast * 28


2.44 11
 Mauritania * 28


0 -
 Denmark * 28 73.9 100
1.3 22
 Gabon * 26 25.5

0.31 (2019) 84
 Croatia 25


0.85 29
 Ethiopia * 25


0 -
 Georgia 8.5+16 [13] 8.5

0.02 (2019) 1,225
 Germany 23 39.6 100
5 (2019) 5
 Ghana 23


1.56 (2019) 15
 Japan * 20


1.93 10
 Moldova -

[14] 20 0.006 (2019) 3,333
 Slovakia 14


0.06 233
 Uganda 14


0 -
 Ecuador 11 5.4

0.34 (2019) 32
 Ireland * 11


2.66 (2019) 4
 South Korea * 8.5


0.24 (2019) 35
 Austria 5.66


0.93 (2019) 6
 Tanzania * 5.66


1.39 (2019) 4
 Taiwan * 5.66


0.15 (2019) 38
 Jordan * 5.66


0.12 (2019) 47
 Bulgaria 5.66


0.06 94
 Somalia * 5.66


0 -
 Tajikistan 5.66


0.02 (2019) 283
 Kyrgyzstan 5.66


0.03 (2019) 189
 Albania 5.66


0.04 (2019) 142
 South Africa * -

[15] 3 1.22 (2019) 2
 Turkey * 2.83

300TPAO estimate 0.48 (2019) 6
 Czech Republic 2.83


0.19 15
 Belarus * 2.83


2.4 (2019) 1.2
 Hungary * 2.8


1.7 1.6
 Spain 2.55


0.06 42
 Morocco * 1.44 474

0.1 (2019) 14
 Benin 1.13


0 -
 DR Congo 0.99


0 -
 Greece 0.99


0.01 99
 Barbados 0.11


0.02 (2019) 6
 Armenia * 0 18.0

0 -

 

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