Thursday, June 13, 2019

US Leads The World In Oil Reserves -- Rystad -- June 13, 2019

Updates

Later, 10:26 a.m. CT: a reader commented (see first comment):
More detail at the Rystad press release itself.

https://www.rystadenergy.com/newsevents/news/press-releases/United-States-cements-its-position-as-world-leader-in-oil-reserves/.

Scan down and there is a table with lots of country by country detail. It's a little complicated but there is a legend at the bottom to explain the reserve categories.
Original Post

Global oil reserves: US not leads the world in oil reserves. From Rystad via Rigzone. At wiki, the US is still listed as #14. The list at wiki as of June 13, 2019 (data from 2012):
  • Venezuela
  • Saudi Arabia
  • Canada
  • Iran
  • Iraq.....
  • ....US
From Rystad:
  • US: 293 billion bbls of recoverable oil resources
  • Saudi Arabia: 273 billion bbls
  • Russia: 193 billion bbls
  • Rystad's US estimate is 5x more than the reported proven reserves published in the BP Statistical Review of World Energy 2019 

2 comments:

  1. More detail at the Rystad press release itself.

    https://www.rystadenergy.com/newsevents/news/press-releases/United-States-cements-its-position-as-world-leader-in-oil-reserves/

    Scan down and there is a table with lots of country by country detail. It's a little complicated but there is a legend at the bottom to explain the reserve categories.

    ReplyDelete

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