Total proved oil reserves in Australia 2010-2018

This statistic shows the proven oil reserves in Australia from 2010 to 2018. At the end of 2018, Australia had four billion barrels worth of oil reserves as opposed to 3.8 billion barrels in 2010.

Total proved oil reserves in Australia from 2010 to 2018

Oil reserves in billion barrels
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Source

Release date

June 2019

Region

Australia

Survey time period

2010 to 2018

Supplementary notes

Proved reserves of oil are generally defined as those quantities that are indicated by geological and engineering information to be, with reasonable certainty, recovered in the future from known reservoirs under existing economic and operating conditions. Reserves include gas condensate and natural gas liquids (NGLs) as well as crude oil.

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