Search results
Results from the WOW.Com Content Network
Because proven reserves include oil recoverable under current economic conditions, nations may see large increases in proven reserves when known, but previously uneconomic deposits become economic to develop. In this way, Canada's proven reserves increased suddenly in 2003 when the oil sands of Alberta were seen to
Oil reserves in Libya are the largest in Africa, and among the ten largest oil reserves globally [1] with 46.4 billion barrels (7.38 × 10 ^ 9 m 3) of proven oil reserves as of 2010. Oil production was 1.65 million barrels per day (262 × 10 ^ 3 m 3 /d) as of 2010, giving Libya 77 years of reserves at current production rates if no new reserves ...
This article includes a chart representing proven reserves, production, ... List of countries by proven oil reserves [1] ... South Africa: 15,000,000: 1 January 2013 est.
This list of oil fields includes some major oil fields of the past and present. Countries by proven oil reserves 2017. The list is incomplete; there are more than 25,000 oil and gas fields of all sizes in the world. [1] However, 94 % of known oil is concentrated in fewer than 1,500 giant and major fields. [2]
Libya is a member of the Organization of Petroleum Exporting Countries (OPEC) and holds the largest proven oil reserves in Africa (followed by Nigeria and Algeria), 41.5 Gbbl (6.60 × 10 ^ 9 m 3) as of January 2007, up from 39.1 Gbbl (6.22 × 10 ^ 9 m 3) in 2006.
Africa has 30% of the remaining mineral resources in the world. 57% of Africa's export earnings comes from hydrocarbons. From 1980 to 2012, proven oil reserves in Africa grew by 150%. [4] Ore resources in Africa are abundant [citation needed] while other continents are beginning to face depletion of resources.
Ghana is believed to have up to 5 billion barrels (790,000,000 m 3) to 7 billion barrels (1.1 × 10 9 m 3) of petroleum in reserves, [5] which is the sixth largest in Africa and the 25th largest proven reserves in the world and Ghana has up to 6 trillion cubic feet of natural gas in reserves. [10]
Libya holds the largest proven oil reserves in Africa and is an important contributor to the global supply of light, sweet crude. [214] During 2010, when oil averaged at $80 a barrel, oil production accounted for 54% of GDP. [215] Apart from petroleum, the other natural resources are natural gas and gypsum. [216]