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Global crude oil reserves 1990-2020

Proved crude oil reserves worldwide from 1990 to 2020*

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Release date

July 2021

Region

Worldwide

Survey time period

1990 to 2020

Supplementary 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.
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.
Figures for years not included in the pdf version were taken from the Data workbook of the Statistical Review.

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