Global Data, global reserves: top ten countries by crude reserves (includes graphic)
- US, Saudi Arabia, Iraq, Russia, Canada, Kuwait, Iran, UAE, Brazil, China
- US #1 in crude oil reserves
- unconventional oil reserves: 9.2% (45.8 billion bbls)
- oil sands reserves: 6.7% (33.3 billion bbls)
heavy oil reserves: 4.5% (22.2 billion bbls) - US: top among those with largest remaining crude and condensate reserves
- 91.1 billion bbls expected to be economically recovered in the the US
- other top four:
- Saudi Arabia: 77.4 billion bbls
- Iraq: 71.8 billion bbls
- Russia: 70.6 billion bbls
- remaining 14.1% (70.3 billion bbls) of remaining reserves
- UAE: lowest remaining break-even oil price at $4/bbl for shallow water developments
- US: highest break-even oil price at $32/bbl
- over 77.1% of the ten countries' remaining reserves (383 billion bbls) will be produced from onshore fields
- UAE: lowest remaining break-even oil price at $3/bbl for onshore developments
- Canada: highest remaining break-even oil price at $31/bbl for onshore developments
- ultra-deepwater developments
- 30.3 billion bbls or remaining reserves, spread between two countries
- US: remaining break-even oil price -- $33
- Brazil: remaining break-even oil price -- $37
Global Data, Russia: Russian upstream projects required $100 billion by 2020 to maintain stable production (some numbers rounded)
- an average of $35 billion/year in capital expenditure over next three years
- 1,673 oil and gas fields in Russia
- traditional oil fields: $55 billion over three years
- heavy oil fields: $7 billion over three years
- delta between $62 billion and $100 billion not explained
- onshore projects: 85% of the $100 billion upstream CAPEX ($88 billion by 2020)
- shallow water projects: $15 billion over the same period
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