Ratio of oil reserves to production was greatest in South and Central America, with 151.3 years. This means that at the current level of production, South and Central America's oil reserves will last another roughly 151 years before being depleted. By comparison, Europe's oil reserve to production ratio stood at 10.4 years.
Oil reserves to production ratio worldwide in 2020, by region* (in years)
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Statistics on Oil industry in the U.S.
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Statistics
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BP. (July 8, 2021). Oil reserves to production ratio worldwide in 2020, by region* (in years) [Graph]. In Statista. Retrieved January 31, 2023, from https://www.statista.com/statistics/682010/reserves-to-production-oil-ratio-worldwide-by-region/
BP. "Oil reserves to production ratio worldwide in 2020, by region* (in years)." Chart. July 8, 2021. Statista. Accessed January 31, 2023. https://www.statista.com/statistics/682010/reserves-to-production-oil-ratio-worldwide-by-region/
BP. (2021). Oil reserves to production ratio worldwide in 2020, by region* (in years). Statista. Statista Inc.. Accessed: January 31, 2023. https://www.statista.com/statistics/682010/reserves-to-production-oil-ratio-worldwide-by-region/
BP. "Oil Reserves to Production Ratio Worldwide in 2020, by Region* (in Years)." Statista, Statista Inc., 8 Jul 2021, https://www.statista.com/statistics/682010/reserves-to-production-oil-ratio-worldwide-by-region/
BP, Oil reserves to production ratio worldwide in 2020, by region* (in years) Statista, https://www.statista.com/statistics/682010/reserves-to-production-oil-ratio-worldwide-by-region/ (last visited January 31, 2023)
Oil reserves to production ratio worldwide in 2020, by region* (in years) [Graph], BP, July 8, 2021. [Online]. Available: https://www.statista.com/statistics/682010/reserves-to-production-oil-ratio-worldwide-by-region/