Oil reserves in Central and South America 1990-2018

In 2018, the proved oil reserves in Central and South America amounted to 51.1 billion metric tons. This value has remained more or less stable since 2011, but represents an increase of nearly 50 percent in comparison to 2010, when the region's proven oil reserves amounted to 34.3 billion tons.

Central and South American oil reserves from 1990 to 2018

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Release date

June 2019


Central and South America

Survey time period

1990 to 2018

Supplementary notes

Figures prior to 2009 were taken from the Exxon report “Oeldorado 2009”. Figures for 2009-2017 were taken from "BP Statistical Review of World Energy" (editions 2010-2018).
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 oi.l

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