• Oil global reserves by region 2019

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The statistic shows the global proved reserves of oil by region from 1992 to 2019, in billion barrels. In 2019, approximately 833.8 billion barrels of proved oil reserves were located in the Middle East. According to the source, oil reserves are 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.

Proved oil reserves worldwide from 1992 to 2019, by region (in billion barrels)

	1992	2002	2012	2013	2014	2015	2016	2017	2018	2019
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Source

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Source

Release date

June 2020

More information

Region

Worldwide

Survey time period

1992 to 2019

Supplementary notes

According to the source, oil reserves are 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.
Editions of the report prior to 2018 named the region as Europe and Eurasia, whereas the 2018 edition of the report listed Europe and CIS separately. The 2018 and 2019 figures for these two regions have therefore have been added together. CIS is an abbreviation for the Commonwealth of Independent States.
Figures prior to 2017 were taken from previous editions of BP's statistical reviews.

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