Countries with greatest recoverable oil reserves by reserve category 2020

Published by Statista Research Department, Dec 20, 2023
Saudi Arabia's proved oil reserves amount to some 102 billion barrels, according to conservative estimates. Taking into account risked prospective resources in yet undiscovered fields and contingent resources in discoveries, recoverable reserves in Saudi Arabia could be as high as 299 billion barrels. This compares to proved reserves of 34 billion barrels in the United States.

Volume of global recoverable oil reserves by country and reserve category as of 2020 (in billion barrels)

© Statista 2024
Download
Show detailed source information?
Register for free
Already a member?
Log in
Sources

Use Ask Statista Research Service

Release date

June 2020

Region

Worldwide

Survey time period

2020

Supplementary notes

Reserve categories as follows:
1P=Proved reserves (conservative estimate);
2P=proved and probable reserves (most likely estimate);
2PC=proved and probable reserves plus mean contingent recoverable resources;
2PCX=most likely estimate for existing fields, contingent resources in discoveries, risked prospective resources in yet undiscovered fields.

** Data for United States, Brazil, China, and Mexico closely reflects official estimates.

*** Data for Russia, Kazakhstan, and Qatar closely reflects official estimates.

**** Data for Saudi Arabia, Iraq, UAE, Kuwait and Nigeria closely reflect official estimates; whereas data for Canada, Iran and Venezuela was lower than official estimates.

Citation formats
Statista Accounts: Access All Statistics. Starting from $2,388 USD / Year
Basic Account
Get to know the platform

You only have access to basic statistics.
This statistic is not included in your account.

Starter Account
The ideal entry-level account for individual users
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references
$199 USD / Month *
Professional Account
Full access

Business Solutions including all features.

* Prices do not include sales tax.

Other statistics that may interest you

The most important statistics
The most important statistics
The most important statistics
The most important statistics
The most important statistics

Other statistics that may interest you Statistics on

About the industry

9

About the region

10

Selected statistics

10

Other regions

9

Related statistics

9

Further related statistics

10

Further Content: You might find this interesting as well

Statistics

Topics

Oil industry in the UK
Statista Accounts: Access All Statistics. Starting from $2,388 USD / Year
Learn more about how Statista can support your business.
Menu