Oil global reserves by region 2020

The Middle East accounts for nearly half of proved oil reserves worldwide, with approximately 836 billion barrels located in the region in 2020. Meanwhile, the Americas held reserves adding up to more than 560 billion barrels that year. 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 2020, by region (in billion barrels)

Characteristic	1992	2002	2012	2016	2017	2018	2019	2020
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-	-	-	-	-	-	-	-	-
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Release date

July 2021

More information

Region

Worldwide

Survey time period

1992 to 2020

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 recent editions listed Europe and CIS separately. As of 2018, figures for these two regions have therefore have been added together. CIS is an abbreviation for the Commonwealth of Independent States.
Figures prior to 2019 were taken from previous editions of BP's statistical reviews.

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