Page 51 - Introduction to Petroleum Engineering

GLOBAL DISTRIBUTION OF OIL AND GAS RESERVES 35
TABLE 2.3 Nations with Largest Crude Oil and Natural Gas Proved Reserves in 2014
Crude Oil Reserves (Billion Barrels) Natural Gas Reserves (Trillion Cubic Feet)

World 1656 World 6972
Venezuela 298 Russia 1688
Saudi Arabia 268 Iran 1193
Canada 173 Qatar 885
Iran 157 United States 338
Iraq 140 Saudi Arabia 291
Kuwait 104 Turkmenistan 265
United Arab Emirates 98 United Arab Emirates 215
Russia 80 Venezuela 196
Libya 48 Nigeria 181
Nigeria 37 Algeria 159
United States 36 China 155
Kazakhstan 30 Iraq 112
Qatar 25 Indonesia 105
China 24 Mozambique 100
Brazil 15 Kazakhstan 85

Source: U.S. Energy Information Administration Petroleum (2015).

TABLE 2.4 Regional Distribution of Crude Oil and Natural Gas Proved
Reserves in 2014
Crude Oil Reserves (Billion Barrels) Natural Gas Reserves (Trillion Cubic Feet)
World 1656 World 6972
Middle East 804 Middle East 2813
Central and South America 328 Eurasia 2178
North America 220 Africa 606
Africa 127 Asia and Oceania 540
Eurasia 119 North America 422
Asia and Oceania 42 Central and South America 277
Europe 12 Europe 136
Source: U.S. Energy Information Administration Petroleum (2015).

Figure 2.9 shows that world proved crude oil and natural gas reserves have
increased from 2000 to 2014. Much of the recent increase in reserves is associated
with advances in technology that made the development of unconventional resources
economically viable.