WORLD | CONVENTIONAL OIL ENDOWMENT | 1999 | ||||||||||||||||||
Ref. date | end 1999 | Revised | 4/29/2000 | Gb (billion barr | ||||||||||||||||
PRODUCTION | RESERVES | DISCO | Disc. | Peak | Pk/ | % | Dep. | DATES | ||||||||||||
Cum. | Reported | Median | YET-TO-FIND | in | Disc/ | Ult | Prod | Rate | Mid- | Peak | ||||||||||
kb/d | Prod. | 5yr | World | O&GJ | Adjust | Factor | Prob. | YET-TO-PRODUCE | Giants | Prod | Dep. | Prod | ||||||||
Country | 1999 | Gb | Trend | Oil | +/- | (P50) | ULTIMATE | Lag | ||||||||||||
1 | Saudi Arabia | 7450 | 85.9 | -1% | 259.10 | 261.00 | 0.00 | 0.80 | 208.8 | 294.7 | 15.3 | 224.1 | 310 | 85% | 61 | 1.7% | 28% | 1.2% | 2015 | 2009 |
2 | FSU* | 6848 | 135.3 | -3% | 66.64 | 57.00 | -24.83 | 2.3 | 74.0 | 209.3 | 20.7 | 94.7 | 230 | 47% | 24 | 2.0% | 59% | 2.5% | 1991 | 1988 |
3 | 3976 | 165.2 | -4% | 22.01 | 21.03 | -9.00 | 1.5 | 18.1 | 183.2 | 6.8 | 24.8 | 190 | 26% | 41 | 1.8% | 87% | 5.5% | 1970 | 1971 | |
4 | Iraq | 2653 | 24.9 | 68% | 98.98 | 112.50 | -1.74 | 0.85 | 94.1 | 119.1 | 15.9 | 110.1 | 135 | 50% | 81 | 1.8% | 18% | 0.9% | 2021 | 2009 |
5 | Iran | 3462 | 50.4 | -1% | 92.87 | 89.70 | -1.26 | 0.70 | 61.9 | 112.3 | 7.7 | 69.6 | 120 | 63% | 13 | 1.9% | 42% | 2.1% | 2006 | 1974 |
6 | Kuwait | 1633 | 29.0 | -2% | 92.36 | 94.00 | -4.84 | 0.60 | 53.5 | 82.5 | 2.5 | 56.0 | 85 | 95% | 71 | 1.4% | 34% | 1.1% | 2013 | 2009 |
7 | Abu Dhabi | 1689 | 16.0 | -2% | 62.50 | 92.20 | -6.09 | 0.70 | 60.3 | 76.3 | 3.7 | 64.0 | 80 | 70% | 45 | 1.7% | 20% | 1.0% | 2020 | 2009 |
8 | Venezuela | 2087 | 38.5 | 1% | 45.50 | 72.60 | -45.00 | 1.0 | 27.6 | 66.1 | 8.9 | 36.5 | 75 | 73% | 29 | 0.6% | 51% | 2.0% | 1998 | 1970 |
9 | Mexico | 2931 | 26.6 | 2% | 28.40 | 28.40 | 0.00 | 0.8 | 22.7 | 49.3 | 5.7 | 28.4 | 55 | 53% | 23 | 2.0% | 48% | 3.6% | 2000 | 2000 |
10 | China | 3202 | 24.9 | 1% | 33.52 | 24.00 | 0.00 | 2.0 | 25.4 | 50.4 | 2.6 | 28.1 | 53 | 43% | 41 | 2.3% | 47% | 4.0% | 2000 | 2000 |
11 | Libya | 1336 | 21.4 | -1% | 26.90 | 29.50 | -2.02 | 0.85 | 23.4 | 44.7 | 3.3 | 26.6 | 48 | 62% | 9 | 2.6% | 45% | 1.8% | 2004 | 1970 |
12 | Nigeria | 1969 | 20.2 | 1% | 22.50 | 22.50 | -1.72 | 1.00 | 20.8 | 41.0 | 1.0 | 21.8 | 42 | 21% | 12 | 2.1% | 48% | 3.2% | 2000 | 1979 |
13 | U.K. | 2735 | 17.0 | 1% | 5.15 | 5.15 | 0.00 | 2.6 | 13.4 | 30.4 | 0.6 | 14.0 | 31 | 42% | 25 | 3.2% | 55% | 6.7% | 1997 | 1999 |
14 | Caspian | 225 | 1.7 | 3% | 0.00 | 1.0 | 5.0 | 6.7 | 23.3 | 28.3 | 30 | 0% | 20 | 3.0% | 6% | 0.3% | 2029 | 2030 | ||
15 | Norway | 2969 | 12.8 | 1% | 11.90 | 10.79 | 0.00 | 1.4 | 15.1 | 27.9 | 1.1 | 16.2 | 29 | 45% | 21 | 3.9% | 44% | 6.3% | 2000 | 2000 |
16 | Indonesia | 1288 | 18.5 | 2% | 8.64 | 4.98 | -1.45 | 2.5 | 8.8 | 4.1 | 0.7 | 9.5 | 28 | 42% | 22 | 2.2% | 66% | 4.7% | 1990 | 1977 |
17 | Canada | 1100 | 17.6 | -1% | 5.58 | 4.93 | -0.40 | 1.6 | 7.2 | 24.8 | 1.2 | 8.4 | 26 | 44% | 15 | 2.4% | 68% | 4.5% | 1988 | 1973 |
18 | Algeria | 766 | 11.2 | 0% | 13.80 | 9.20 | -2.88 | 1.75 | 11.1 | 22.3 | 2.7 | 13.8 | 25 | 54% | 22 | 1.8% | 45% | 2.0% | 2003 | 1978 |
19 | N.Zone | 500 | 6.0 | 3% | 4.65 | 5.00 | -1.35 | 2.00 | 7.3 | 13.3 | 0.7 | 8.0 | 14 | 68% | 47 | 1.4% | 43% | 2.2% | 2005 | 1998 |
20 | Oman | 895 | 6.0 | 1% | 16.36 | 5.28 | -0.33 | 1.3 | 6.4 | 12.4 | 0.6 | 7.0 | 13 | 32% | 29 | 2.8% | 46% | 4.4% | 2001 | 2001 |
21 | Egypt | 851 | 7.8 | -2% | 3.71 | 2.95 | 0.00 | 1.25 | 3.7 | 11.5 | 1.0 | 4.7 | 12.5 | 36% | 22 | 2.6% | 63% | 6.2% | 1994 | 1996 |
22 | Qatar | 633 | 6.0 | 8% | 5.34 | 3.70 | -1.19 | 2.3 | 5.8 | 11.8 | 0.2 | 6.0 | 12.0 | 57% | 59 | 1.9% | 50% | 3.7% | 1999 | 1999 |
23 | Argentina | 807 | 7.4 | 2% | 2.59 | 2.75 | 0.00 | 1.1 | 2.9 | 10.3 | 0.7 | 3.6 | 11.0 | 28% | 38 | 2.8% | 68% | 7.6% | 1992 | 1998 |
24 | India | 661 | 4.9 | 0% | 3.03 | 4.84 | 0.00 | 1.1 | 5.3 | 10.2 | 0.8 | 6.1 | 11.0 | 27% | 28 | 2.5% | 44% | 3.8% | 2002 | 2002 |
25 | Colombia | 825 | 5.1 | 9% | 2.60 | 2.58 | -0.30 | 2.0 | 4.6 | 9.6 | 0.9 | 5.4 | 10.5 | 39% | 9 | 3.0% | 48% | 5.2% | 2000 | 2000 |
26 | Malaysia | 727 | 4.5 | 2% | 4.65 | 3.90 | -0.53 | 1.1 | 3.7 | 8.2 | 0.8 | 4.5 | 9.0 | 12% | 24 | 3.1% | 50% | 5.6% | 1999 | 1997 |
27 | Australia | 474 | 5.0 | -1% | 1.77 | 2.90 | -0.17 | 1.3 | 3.4 | 8.4 | 0.6 | 4.0 | 9.0 | 29% | 26 | 2.3% | 56% | 4.2% | 1996 | 1990 |
28 | Angola | 762 | 3.8 | 0% | 4.03 | 5.41 | -4.47 | 4.00 | 3.8 | 7.5 | 1.0 | 4.7 | 8.5 | 15% | 30 | 3.6% | 44% | 5.6% | 2001 | 2001 |
29 | Romania | 125 | 5.6 | -2% | 0.89 | 1.44 | -0.05 | 1.0 | 1.4 | 7.0 | 0.5 | 1.9 | 7.5 | 21% | 119 | 1.5% | 75% | 2.4% | 1973 | 1976 |
30 | Brasil | 406 | 4.1 | 5% | 7.50 | 7.36 | -5.00 | 1.0 | 2.4 | 6.5 | 0.5 | 2.9 | 7.0 | 0% | 11 | 3.0% | 59% | 4.9% | 1995 | 1986 |
31 | Ecuador | 372 | 2.8 | -1% | 2.59 | 2.12 | -0.56 | 1.9 | 3.0 | 5.8 | 0.3 | 3.3 | 6.10 | 37% | 31 | 2.3% | 47% | 4.0% | 2000 | 2000 |
32 | Syria | 537 | 3.2 | -2% | 2.30 | 2.50 | -1.04 | 1.5 | 2.2 | 5.4 | 0.6 | 2.8 | 6.00 | 33% | 29 | 3.7% | 54% | 6.6% | 1998 | 1995 |
33 | Dubai | 301 | 3.4 | -1% | 1.01 | 4.00 | -0.04 | 0.3 | 1.0 | 4.4 | 0.3 | 1.3 | 4.75 | 0% | 21 | 3.3% | 72% | 7.7% | 1990 | 1991 |
34 | Gabon | 339 | 2.5 | -1% | 2.57 | 2.50 | -1.25 | 1.20 | 1.5 | 4.0 | 0.5 | 2.0 | 4.50 | 40% | 11 | 3.0% | 56% | 5.9% | 1997 | 1996 |
35 | Brunei | 151 | 2.8 | 0% | 1.02 | 1.35 | -0.51 | 1.6 | 1.3 | 4.1 | 0.1 | 1.5 | 4.25 | 74% | 13 | 2.1% | 66% | 3.6% | 1987 | 1978 |
36 | Trinidad | 124 | 3.1 | -1% | 0.60 | 0.61 | 0.00 | 1.0 | 0.6 | 3.67 | 0.33 | 0.93 | 4.00 | 15% | 22 | 2.2% | 77% | 4.6% | 1980 | 1981 |
37 | Yemen | 406 | 1.2 | 4% | 1.85 | 4.00 | -1.09 | 0.6 | 1.7 | 2.98 | 0.52 | 2.27 | 3.50 | 14% | 25 | 5.1% | 35% | 6.1% | 2003 | 2003 |
38 | Peru | 103 | 2.2 | -3% | 0.77 | 0.36 | 0.00 | 2.0 | 0.7 | 2.93 | 0.57 | 1.28 | 3.50 | 14% | 122 | 2.1% | 63% | 2.9% | 1987 | 1983 |
39 | Congo | 240 | 1.2 | 7% | 1.70 | 1.51 | -0.09 | 0.80 | 1.1 | 2.36 | 0.64 | 1.78 | 3.00 | 17% | 18 | 3.4% | 41% | 4.7% | 2002 | 2002 |
40 | Germany | 55 | 1.9 | -1% | 0.35 | 0.36 | 0.00 | 1.2 | 0.4 | 2.29 | 0.21 | 0.64 | 2.50 | 0% | 15 | 2.3% | 74% | 3.0% | 1977 | 1967 |
41 | Vietnam | 190 | 0.5 | 1% | 2.00 | 0.60 | -0.20 | 4.0 | 1.6 | 2.10 | 0.40 | 1.99 | 2.50 | 20% | 32 | 4.1% | 21% | 3.4% | 2007 | 2007 |
42 | Denmark | 293 | 0.9 | 11% | 0.88 | 1.07 | 0.00 | 1.0 | 1.0 | 1.95 | 0.30 | 1.32 | 2.25 | 0% | 30 | 5.2% | 42% | 7.5% | 2001 | 2001 |
43 | Italy | 101 | 0.8 | 0% | 0.61 | 0.62 | -0.04 | 1.5 | 0.9 | 1.66 | 0.14 | 1.01 | 1.80 | 0% | 21 | 2.4% | 44% | 3.5% | 2002 | 2002 |
44 | Tunisia | 83 | 1.1 | -1% | 0.29 | 0.31 | -0.03 | 1.75 | 0.5 | 1.60 | 0.15 | 0.63 | 1.75 | 46% | 10 | 2.5% | 64% | 4.6% | 1991 | 1981 |
45 | Bahrain | 102 | 1.1 | -1% | n.a. | 0.15 | 0.00 | 1.0 | 0.15 | 1.27 | 0.23 | 0.38 | 1.50 | 67% | 62 | 2.6% | 75% | 8.9% | 1985 | 1993 |
46 | Cameroon | 125 | 0.96 | 4% | 0.66 | 0.40 | -0.52 | -4.00 | 0.50 | 1.45 | 0.05 | 0.54 | 1.50 | 0% | 10 | 4.4% | 64% | 7.8% | 1994 | 1986 |
47 | Turkey | 68 | 0.78 | 0% | 0.30 | 0.30 | 0.00 | 0.9 | 0.27 | 1.04 | 0.16 | 0.42 | 1.20 | 0% | 23 | 2.5% | 65% | 5.5% | 1992 | 1992 |
48 | Netherlands | 59 | 0.79 | -3% | 0.11 | 0.11 | 0.00 | 2.0 | 0.21 | 1.00 | 0.10 | 0.31 | 1.10 | 0% | 6 | 3.0% | 72% | 6.4% | 1989 | 1987 |
49 | Sharjah | 70 | 0.43 | 8% | n.a | 1.50 | -0.18 | 0.3 | 0.40 | 0.82 | 0.18 | 0.57 | 1.00 | 0% | 25 | 2.5% | 43% | 4.3% | 2005 | 2005 |
50 | Papua | 100 | 0.28 | 0% | 0.56 | 0.33 | -0.04 | 1.5 | 0.44 | 0.73 | 0.22 | 0.67 | 0.95 | 0% | 6 | 4.9% | 30% | 5.2% | 2003 | 1993 |
51 | Thailand | 75 | 0.29 | 9% | 0.39 | 0.30 | -0.03 | 1.8 | 0.47 | 0.76 | 0.14 | 0.61 | 0.90 | 0% | 23 | 3.9% | 32% | 4.3% | 2004 | 2004 |
52 | Austria | 21 | 0.76 | 0% | 0.09 | 0.09 | 0.00 | 1.2 | 0.10 | 0.86 | 0.04 | 0.14 | 0.90 | 57% | 7 | 2.8% | 84% | 5.1% | 1970 | 1955 |
53 | France | 31 | 0.69 | -8% | 0.13 | 0.11 | -0.01 | 1.5 | 0.14 | 0.84 | 0.06 | 0.21 | 0.90 | 0% | 30 | 2.8% | 77% | 5.2% | 1986 | 1988 |
54 | Hungary | 24 | 0.68 | -6% | 0.05 | 0.11 | 0.00 | 0.5 | 0.05 | 0.73 | 0.17 | 0.22 | 0.90 | 0% | 13 | 1.9% | 75% | 3.8% | 1983 | 1977 |
55 | Albania | 6 | 0.53 | -8% | 0.18 | 0.17 | -0.04 | 1.3 | 0.16 | 0.69 | 0.11 | 0.27 | 0.80 | 0% | 58 | 3.7% | 66% | 0.7% | 1986 | 1986 |
56 | Pakistan | 52 | 0.40 | -1% | 0.21 | 0.21 | -0.06 | 1.3 | 0.20 | 0.60 | 0.15 | 0.35 | 0.75 | 0% | 9 | 3.7% | 54% | 5.2% | 1997 | 1992 |
57 | Bolivia | 28 | 0.39 | 0% | 0.15 | 0.13 | -0.03 | 2.0 | 0.20 | 0.59 | 0.11 | 0.31 | 0.70 | 0% | 8 | 2.5% | 55% | 3.2% | 1996 | 1974 |
58 | Philippines | 1 | 0.05 | -14% | 0.31 | 0.29 | 0.00 | 1.1 | 0.32 | 0.36 | 0.24 | 0.55 | 0.60 | 0% | 0 | 5.2% | 8% | 0.1% | 2011 | 2011 |
59 | Chile | 9 | 0.41 | -2% | 0.08 | 0.15 | -0.01 | 0.5 | 0.07 | 0.48 | 0.07 | 0.14 | 0.55 | 0% | 22 | 2.7% | 75% | 2.3% | 1981 | 1982 |
REGIONS | ||||||||||||||||||||
1 | ME Gulf | 17387 | 212 | 2.7% | 610.5 | 654.4 | -15.3 | 0.8 | 485.9 | 698 | 46 | 532 | 744 | 70% | 60 | 1.5% | 29% | 1.2% | 2015 | 2008 |
2 | Eurasia | 10430 | 167 | -1.1% | 101.3 | 82.7 | -35.9 | 2.3 | 106.0 | 273 | 49 | 155 | 322 | 41% | 36 | 1.2% | 52% | 2.4% | 1997 | 2000 |
3 | N.America | 5076 | 183 | -2.5% | 27.6 | 26.0 | -9.4 | 1.5 | 25.3 | 208 | 8 | 33 | 216 | 28% | 42 | 1.8% | 85% | 5.5% | 1972 | 1972 |
4 | L.America | 7692 | 91 | 5.0% | 90.9 | 117.0 | -50.9 | 1.0 | 64.7 | 155 | 18 | 83 | 173 | 55% | 21 | 1.7% | 52% | 3.4% | 1998 | 1998 |
5 | Africa | 6471 | 70 | 2.3% | 76.2 | 74.3 | -13.0 | 1.1 | 66.3 | 136 | 10 | 77 | 147 | 42% | 18 | 1.7% | 48% | 3.0% | 2000 | 1979 |
6 | W.Europe | 6263 | 36 | 6.6% | 19.2 | 18.3 | 0.0 | 1.7 | 31.3 | 67 | 3 | 34 | 69 | 38% | 24 | 3.2% | 51% | 6.3% | 1998 | 1998 |
7 | East | 3719 | 37 | 1.3% | 22.6 | 19.7 | -3.0 | 1.5 | 25.6 | 63 | 4 | 30 | 67 | 33% | 30 | 2.1% | 56% | 4.4% | 1996 | 1997 |
8 | ME.Other | 3010 | 22 | 3.9% | 16.4 | 21.4 | -3.9 | 1.0 | 18.0 | 40 | 3 | 21 | 43 | 34% | 35 | 2.6% | 52% | 4.9% | 1998 | 1998 |
9 | Other | 365 | 4 | 4.5% | 0.0 | 2.4 | 1.1 | 1.2 | 4.2 | 8 | 0 | 4 | 8 | |||||||
10 | Unforeseen | 10 | 10 | 10 | ||||||||||||||||
Non-Swing | 43025 | 594 | 1.6% | 354 | 362 | -115 | 1.38 | 341 | 935 | 121 | 462 | 1056 | 33% | 37 | 1.5% | 56% | 3.4% | 1994 | 1997 | |
W | 60411 | 822 | 1.9% | 965 | 1016 | -130 | 0.93 | 827 | 1649 | 151 | 978 | 1800 | 48% | 40 | 1.2% | 46% | 2.2% | 2003 | 2005 | |
OT | (tentati | |||||||||||||||||||
“He | 2000 | 16 | 44 | (currentl | 2030 | |||||||||||||||
Pol | 1050 | 14 | 6 | 19 | 6 | 11 | 25 | 1988 | ||||||||||||
Dee | 1200 | 2 | 25 | 27 | 58 | 83 | 85 | 2012 | ||||||||||||
NG | 4300 | 50 | 160 | 210 | 40 | 200 | 250 | 2033 | ||||||||||||
Uni | 2039 | 9 | 10 | 19 | 6 | 16 | 25 | |||||||||||||
subtotal | 10589 | 90 | 245 | 275 | 110 | 310 | 385 | 2013 | ||||||||||||
TO | 71000 | 912 | 1072 | 1924 | 261 | 1289 | 2185 | 2010 | ||||||||||||
Conventional oil exludes NGL; condensate; oil from coal and “shale”; bitumen; Extra-Heavy oil; Heavy oil (10-17.5API); polar oil; deepwater oil (>500m WD) enhanced recover | ||||||||||||||||||||
(revisiting an old field) N-America is US-48 and Canada; Eurasia is China, FSU, & E. Europe; Europe is Norway to Italy; ME-Gulf is Abu Dhabi, Iran, Iraq,Kuwait, NZ and Sa | ||||||||||||||||||||
Unforeseen is unforeseen discovery or reserve revision anywhere; Other is small or non-producing; Non-Swing is World ex ME Gulf. “Adjust” removes non-conventional and c | ||||||||||||||||||||
periods of unchanged O&GJ reports. “Factor” converts reported Proved to Median Probability. | ||||||||||||||||||||
ALL ESTIMATES SUBJECT TO MODIFICATION BASED ON NEW INFORMATION AND INTERPRETATION OF UNRELIABLE INPUT DATA | ||||||||||||||||||||