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Map of countries with proven oil reserves - according to US EIA (start of 2017) ... Russia Saudi Arabia United States Venezuela BP [1] 168.1 157.8 145.0 107.8
In September 2012 Shell delayed actual oil drilling in the Chukchi until the following summer due to heavier-than-normal ice and the Arctic Challenger, an oil-spill response vessel, not being ready on time. [18] However, on September 23, Shell began drilling a "top-hole" over its Burger prospect in the Chukchi.
Following the collapse of the Soviet Union, Russia's petroleum output fell sharply, and has rebounded only in the last several years. The Soviet Union reached a peak of 12.58 million barrels per day (2.000 × 10 ^ 6 m 3 /d) in total liquids in 1988, and production had fallen to around 6 million barrels per day (950 × 10 ^ 3 m 3 /d) by the mid-1990s.
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]
However, BP credits Russia with only 32,900 km 3, [5] which would place it in second place, slightly behind Iran (33,100 to 33,800 km 3, depending on the source). Due to constant announcements of shale gas recoverable reserves, as well as drilling in Central Asia, South America, Africa, and deepwater drilling , estimates are updated frequently.
Russia is the world's second largest producer of natural gas, and has the world's largest gas reserves. Russia used to be the world's largest gas exporter. Gazprom and Novatek are Russia's main gas producers, but many Russian oil companies, including Rosneft, also operate gas production facilities. Gazprom, which is state-owned, is the largest ...
With a high degree of likelihood, Russia will be able to increase its continental shelf by 1.2 million square kilometers [460,000 square miles] with potential hydrocarbon reserves of not less than 9,000 to 10,000 billion tonnes of conventional fuel beyond the 200-mile (320 km) [322 kilometer] economic zone in the Arctic Ocean [47]
In May 2024, it was reported that Russia had discovered extensive oil and gas reserves in the Antarctic, with a significant portion found in areas claimed by the United Kingdom. The estimated reserves, totaling 511 billion barrels of oil, raise concerns about potential drilling in a region protected by the Antarctic Treaty, which prohibits ...