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Different estimates may or may not include oil shale, mined oil sands or natural gas liquids. 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.
Although Libya has more reserves, there were 37.2 billion barrels (5.91 × 10 ^ 9 m 3) of proven oil reserves in Nigeria as of 2011, ranking the country as the largest oil producer in Africa and the 11th largest in the world, averaging 2.28 million barrels per day (362 × 10 ^ 3 m 3 /d) in 2006. At current rates this would be 45 years of supply ...
According to BMC, "Nigeria is Africa's energy giant. It is the continent's most prolific oil-producing country, which, along with Libya, accounts for two-thirds of Africa's crude oil reserves. It ranks second to Algeria in natural gas. [8] Most of Africa's bitumen and lignite reserves are found in Nigeria. In its mix of conventional energy ...
Nigeria's proven oil reserves are estimated by the United States Energy Information Administration (EIA) at between 16 and 22 billion barrels (2.5 × 10 9 and 3.5 × 10 9 m 3), [12] but other sources claim that there could be as much as 35.3 billion barrels (5.61 × 10 9 m 3). Its reserves make Nigeria the tenth most petroleum-rich nation and ...
Top 5 oil-producing countries 1980–2022 World oil production. This is a list of countries by oil production (i.e., petroleum production), as compiled from the U.S. Energy Information Administration database for calendar year 2023, tabulating all countries on a comparable best-estimate basis.
Trends in the five countries with largest proven reserves of natural gas, according to the US Energy Information Administration Countries by natural gas proven reserves (2014), based on data from CIA The World Factbook Countries by natural gas and oil proven reserves (2015) World natural gas proven reserves 1960–2012 (OPEC)
By default countries are ranked by their total proven oil reserves. Note that data related to one parameter may be more up to date than data related to some other. See also separate lists and their source pages: List of countries by proven oil reserves [1] List of countries by oil production [2] List of countries by oil consumption [3]
Countries by Oil Production in 2013 An oil field in California. 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 ...