Oil
Total world proved oil reserves reached 1687.9 billion barrels at the end of 2013, sufficient to meet
53.3 years of global production. The largest additions to reserves came from Russia, adding 900 million barrels and Venezuela adding 800 million barrels. OPEC members continue to hold the majority of reserves, accounting for 71.9% of the global total. South & Central America continues to hold the highest R/P ratio. Over the past decade, global proved reserves have increased by 27%, or over 350 billion barrels.
Oil Price 1861-2013
Gas
World proved natural gas reserves at end-2013 stood at 185.7 trillion cubic metres (tcm), sufficient to meet
55.1 years of global production. Proved reserves grew by 0.2% relative to end-2012 data. An increase in the US (+7.1%) accounted for all of the net growth in global proved reserves in 2013. Iran (33.8 tcm) and Russia (31.3 tcm) hold the largest proved reserves.
References
- BP Statistical Review 2014, http://www.bp.com/en/global/corporate/about-bp/energy-economics/statistical-review-of-world-energy/statistical-review-downloads.html
- Eni O&G Review 2013, http://www.eni.com/world-oil-gas-review-2013/wogr.shtml
- List of countries by proven oil reserves, http://en.wikipedia.org/wiki/List_of_countries_by_proven_oil_reserves
