Global Conventional Oil Endowment 1998 | ||||||||||||||||||||
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Ref. date end 1998 Gb (billion barrels) | ||||||||||||||||||||
PRODUCTION | RESERVES | DISCOVERED | Disc. | Peak | Pk/ | % | Dep. | MP | Peak | |||||||||||
Cum. | Reported | Median | YET-TO-FIND | in | Disc/ | Ult | Prod | Rate | Dep | Prod | ||||||||||
kb/d | Prod. | 5yr | World | O&GJ | Adjust | Factor | Prob. | YET-TO-PROD. | Giants | Prod | ||||||||||
Country | 1998 | Trend | Oil | +/- | (P50) | ULTIMATE | Lag | |||||||||||||
1 | Saudi Arabia | 8058 | 83.23 | 0% | 261.50 | 259.00 | -14.47 | 0.85 | 207.85 | 291.08 | 18.92 | 226.77 | 310.00 | 85% | 60 | 1.7% | 27% | 1.3% | 2015 | 2008 |
2 | FSU* | 7021 | 133.13 | -2% | 63.07 | 57.00 | -22.64 | 2.3 | 77.31 | 210.44 | 19.56 | 96.87 | 230.00 | 47% | 24 | 2.0% | 58% | 2.6% | 1991 | 1988 |
3 | USA-48 | 4544 | 163.76 | -3% | 21.69 | 22.55 | -8.50 | 1.2 | 16.86 | 180.62 | 9.38 | 26.24 | 190.00 | 26% | 41 | 1.8% | 86% | 5.9% | 1970 | 1971 |
4 | Iraq | 2114 | 23.96 | 74% | 99.67 | 112.50 | -0.77 | 0.80 | 89.38 | 113.34 | 16.66 | 106.04 | 130.00 | 52% | 80 | 1.9% | 18% | 0.7% | 2019 | 2008 |
5 | Iran | 3597 | 49.14 | 0% | 89.70 | 89.70 | 0.00 | 0.70 | 62.79 | 111.93 | 8.07 | 70.86 | 120.00 | 63% | 13 | 1.9% | 41% | 1.8% | 2006 | 1974 |
6 | Kuwait | 1796 | 28.37 | 1% | 91.18 | 94.00 | -4.24 | 0.60 | 53.86 | 82.23 | 2.77 | 56.63 | 85.00 | 95% | 70 | 1.5% | 33% | 1.1% | 2011 | 2008 |
7 | Abu Dhabi | 1893 | 15.40 | 1% | 62.82 | 92.20 | -5.47 | 0.70 | 60.71 | 76.12 | 3.88 | 64.60 | 80.00 | 70% | 44 | 1.8% | 19% | 1.1% | 2018 | 2008 |
8 | Venezuela | 2331 | 37.75 | 7% | 45.50 | 72.60 | -44.00 | 1.0 | 28.60 | 66.35 | 8.65 | 37.25 | 75.00 | 73% | 29 | 1.3% | 50% | 2.2% | 1998 | 1970 |
9 | Mexico | 3048 | 25.52 | 3% | 40.82 | 47.82 | -25.00 | 1.0 | 22.82 | 48.34 | 6.66 | 29.48 | 55.00 | 53% | 23 | 2.2% | 46% | 3.6% | 2000 | 2000 |
10 | China | 3196 | 23.77 | 2% | 34.00 | 24.00 | -1.78 | 1.1 | 24.44 | 48.21 | 2.79 | 27.23 | 51.00 | 45% | 40 | 2.4% | 47% | 4.1% | 1999 | 1999 |
11 | Libya | 1395 | 20.90 | 0% | 26.90 | 29.50 | -1.54 | 0.85 | 23.77 | 44.66 | 3.34 | 27.10 | 48.00 | 62% | 9 | 2.6% | 44% | 1.8% | 2003 | 1970 |
12 | Nigeria | 2080 | 19.43 | 2% | 21.23 | 22.50 | -1.00 | 0.85 | 18.28 | 37.71 | 2.29 | 20.57 | 40.00 | 22% | 7 | 2.1% | 49% | 3.6% | 1999 | 1974 |
13 | Caspian* | 200 | 1.82 | 4% | *In FSU | 5.00 | 6.82 | 23.18 | 28.18 | 30.00 | 0% | 20 | 3.0% | 6% | 3.0% | 2029 | 2030 | |||
14 | U.K. | 2660 | 16.06 | 8% | 5.19 | 5.19 | 0.00 | 2.5 | 12.98 | 29.03 | 0.97 | 13.94 | 30.00 | 43% | 24 | 3.2% | 54% | 6.5% | 1997 | 1998 |
15 | Norway | 3049 | 11.71 | 7% | 11.69 | 10.91 | 0.00 | 1.3 | 14.19 | 25.90 | 3.10 | 17.29 | 29.00 | 45% | 21 | 4.2% | 40% | 6.0% | 2000 | 2000 |
16 | Algeria | 818 | 10.96 | 2% | 13.80 | 9.20 | -2.60 | 2.00 | 16.04 | 24.17 | 2.83 | 16.04 | 27.00 | 50% | 22 | 1.7% | 41% | 1.8% | 2005 | 1978 |
17 | Indonesia | 1289 | 18.04 | -1% | 9.09 | 4.98 | -0.97 | 2.0 | 8.02 | 26.06 | 0.94 | 8.96 | 27.00 | 44% | 22 | 2.3% | 67% | 5.0% | 1989 | 1977 |
18 | Canada | 850 | 15.26 | -1% | 5.48 | 4.93 | 0.00 | 1.4 | 6.90 | 22.16 | 2.84 | 9.74 | 25.00 | 46% | 14 | 1.4% | 61% | 3.1% | 1990 | 1972 |
19 | N.Zone | 547 | 5.78 | 10% | 4.60 | 5.00 | -1.17 | 2.00 | 7.66 | 13.44 | 0.56 | 8.22 | 14.00 | 68% | 48 | 1.5% | 41% | 2.4% | 1999 | 1999 |
20 | Egypt | 842 | 7.52 | -1% | 3.72 | 3.50 | 0.00 | 1.25 | 4.38 | 11.90 | 1.10 | 5.48 | 13.00 | 35% | 30 | 2.6% | 58% | 5.3% | 1995 | 1995 |
21 | Oman | 895 | 5.66 | 3% | 3.76 | 5.28 | 0.00 | 1.3 | 6.87 | 12.52 | 0.39 | 7.34 | 13.00 | 32% | 27 | 2.6% | 44% | 4.3% | 1999 | 1999 |
22 | India | 659 | 4.63 | 5% | 3.51 | 3.97 | 0.00 | 1.5 | 5.96 | 10.59 | 0.41 | 6.37 | 11.00 | 27% | 25 | 2.3% | 42% | 3.6% | 1999 | 1999 |
23 | Colombia | 743 | 4.76 | 13% | 2.60 | 2.58 | 0.00 | 2.0 | 5.15 | 9.91 | 1.09 | 6.24 | 11.00 | 37% | 9 | 2.7% | 43% | 4.2% | 2000 | 2000 |
24 | Argentina | 848 | 7.15 | 9% | 2.62 | 2.62 | 0.00 | 1.1 | 2.88 | 10.03 | 0.47 | 3.35 | 10.50 | 30% | 38 | 2.9% | 68% | 8.4% | 1991 | 1998 |
25 | Qatar | 664 | 5.79 | 12% | 4.15 | 3.70 | -0.96 | 1.4 | 3.83 | 9.62 | 0.38 | 4.21 | 10.00 | 68% | 58 | 2.4% | 58% | 5.4% | 1994 | 1998 |
26 | Malaysia | 731 | 4.25 | 3% | 3.51 | 3.90 | -0.27 | 1.1 | 4.00 | 8.25 | 0.75 | 4.75 | 9.00 | 12% | 26 | 3.1% | 47% | 5.3% | 1999 | 1999 |
27 | Australia | 592 | 4.88 | 4% | 2.23 | 2.90 | 0.00 | 1.2 | 3.47 | 8.36 | 0.64 | 4.12 | 9.00 | 29% | 34 | 2.4% | 54% | 5.0% | 1996 | 1998 |
28 | Brasil | 457 | 3.96 | 2% | 7.11 | 7.11 | -5.00 | 1.0 | 2.11 | 6.06 | 0.94 | 3.04 | 7.00 | 0% | 14 | 2.8% | 57% | 5.2% | 1995 | 1989 |
29 | Angola | 726 | 3.46 | 8% | 3.90 | 5.41 | -4.16 | 2.00 | 2.51 | 5.97 | 1.03 | 3.54 | 7.00 | 19% | 27 | 3.8% | 49% | 7.0% | 1998 | 1998 |
30 | Romania | 135 | 5.57 | 0% | 0.93 | 1.43 | 0.00 | 0.7 | 1.00 | 6.57 | 0.18 | 1.18 | 6.75 | 12% | 119 | 4.0% | 83% | 4.0% | 1969 | 1976 |
31 | Syria | 555 | 3.03 | 0% | 2.35 | 2.50 | -0.84 | 1.5 | 2.49 | 5.52 | 0.48 | 2.97 | 6.00 | 33% | 29 | 3.7% | 50% | 6.4% | 1998 | 1995 |
32 | Ecuador | 383 | 2.71 | 3% | 2.60 | 2.12 | -0.42 | 1.6 | 2.71 | 5.42 | 0.58 | 3.29 | 6.00 | 38% | 28 | 2.4% | 45% | 4.1% | 1998 | 1997 |
33 | Dubai | 315 | 3.33 | -2% | 1.02 | 4.00 | -1.30 | 0.4 | 1.08 | 4.41 | 0.34 | 1.42 | 4.75 | 63% | 21 | 3.3% | 70% | 7.5% | 1990 | 1991 |
34 | Gabon | 360 | 2.40 | 3% | 2.67 | 2.50 | -1.13 | 1.20 | 1.64 | 4.05 | 0.45 | 2.10 | 4.50 | 40% | 11 | 3.0% | 53% | 5.9% | 1997 | 1996 |
35 | Brunei | 136 | 2.73 | -3% | 1.06 | 1.35 | -0.45 | 1.6 | 1.44 | 4.17 | 0.08 | 1.52 | 4.25 | 74% | 13 | 2.1% | 64% | 3.2% | 1989 | 1978 |
36 | Trinidad | 121 | 3.02 | 0% | 0.53 | 0.53 | 0.00 | 1.1 | 0.59 | 3.61 | 0.14 | 0.73 | 3.75 | 16% | 22 | 2.3% | 81% | 5.7% | 1978 | 1981 |
37 | Peru | 110 | 2.18 | -3% | 0.81 | 0.77 | 0.00 | 1.0 | 0.77 | 2.96 | 0.54 | 1.32 | 3.50 | 38% | 122 | 2.1% | 62% | 3.0% | 1988 | 1983 |
38 | Yemen | 382 | 1.08 | 14% | 3.10 | 4.00 | -0.94 | 0.5 | 1.53 | 2.61 | 0.39 | 1.92 | 3.00 | 17% | 23 | 5.4% | 36% | 6.8% | 2001 | 2001 |
39 | Congo | 238 | 1.14 | 6% | 1.62 | 1.51 | -0.26 | 1.10 | 1.37 | 2.51 | 0.24 | 1.61 | 2.75 | 18% | 16 | 3.5% | 41% | 5.1% | 2000 | 2000 |
40 | Germany | 58 | 1.84 | -1% | 0.39 | 0.39 | 0.00 | 1.3 | 0.51 | 2.34 | 0.16 | 0.66 | 2.50 | 0% | 15 | 2.3% | 74% | 3.1% | 1976 | 1967 |
41 | Denmark | 235 | 0.83 | 8% | 0.98 | 0.64 | 0.00 | 1.6 | 1.03 | 1.86 | 0.24 | 1.27 | 2.10 | 0% | 29 | 4.5% | 39% | 6.3% | 2000 | 2000 |
42 | Vietnam | 226 | 0.46 | 17% | 0.82 | 0.60 | -0.15 | 2.3 | 1.02 | 1.47 | 0.33 | 1.34 | 1.80 | 28% | 28 | 5.9% | 25% | 5.8% | 2003 | 2003 |
43 | Tunisia | 79 | 1.09 | -4% | 0.33 | 0.31 | -0.06 | 1.75 | 0.44 | 1.53 | 0.22 | 0.66 | 1.75 | 46% | 14 | 2.6% | 62% | 4.2% | 1991 | 1985 |
44 | Italy | 109 | 0.75 | 5% | 0.62 | 0.63 | 0.00 | 1.0 | 0.63 | 1.38 | 0.27 | 0.90 | 1.65 | 0% | 19 | 2.7% | 46% | 4.2% | 2000 | 2000 |
45 | Cameroon | 125 | 0.91 | 1% | 0.61 | 0.40 | -0.48 | -4.00 | 0.31 | 1.23 | 0.27 | 0.59 | 1.50 | 0% | 10 | 4.4% | 61% | 7.2% | 1994 | 1986 |
46 | Bahrain | 102 | 1.08 | -1% | 0.22 | 0.16 | 0.00 | 1.2 | 0.19 | 1.27 | 0.23 | 0.42 | 1.50 | 67% | 62 | 2.6% | 72% | 8.2% | 1985 | 1993 |
47 | Turkey | 64 | 0.75 | -3% | 0.32 | 0.32 | 0.00 | 0.9 | 0.29 | 1.03 | 0.17 | 0.45 | 1.20 | 0% | 22 | 2.6% | 62% | 4.9% | 1992 | 1991 |
48 | Netherlands | 57 | 0.77 | 2% | 0.13 | 0.13 | 0.00 | 1.2 | 0.15 | 0.92 | 0.08 | 0.23 | 1.00 | 0% | 6 | 3.3% | 77% | 8.2% | 1987 | 1987 |
49 | Sharjah | 70 | 0.40 | 12% | 0.38 | 1.50 | -0.16 | 0.3 | 0.40 | 0.81 | 0.19 | 0.60 | 1.00 | 0% | 21 | 3.0% | 40% | 4.1% | 2001 | 2001 |
50 | Papua | 79 | 0.24 | -8% | 0.30 | 0.33 | 0.00 | 1.3 | 0.43 | 0.68 | 0.27 | 0.71 | 0.95 | 0% | 6 | 4.9% | 26% | 3.9% | 2004 | 1993 |
51 | France | 34 | 0.68 | -8% | 0.11 | 0.11 | 0.00 | 1.5 | 0.16 | 0.84 | 0.06 | 0.22 | 0.90 | 0% | 30 | 2.8% | 76% | 5.4% | 1987 | 1988 |
52 | Austria | 21 | 0.75 | -2% | 0.09 | 0.09 | 0.00 | 1.0 | 0.09 | 0.84 | 0.06 | 0.15 | 0.90 | 57% | 7 | 2.8% | 83% | 4.8% | 1970 | 1955 |
53 | Hungary | 26 | 0.67 | -11% | 0.05 | 0.13 | 0.00 | 0.5 | 0.07 | 0.74 | 0.16 | 0.23 | 0.90 | 0% | 20 | 2.8% | 74% | 4.0% | 1983 | 1984 |
54 | Thailand | 84 | 0.27 | 12% | 0.30 | 0.30 | 0.00 | 1.5 | 0.44 | 0.71 | 0.19 | 0.63 | 0.90 | 0% | 22 | 4.3% | 30% | 4.6% | 2003 | 2003 |
55 | Albania | 5 | 0.53 | -10% | 0.13 | 0.17 | -0.03 | 1.1 | 0.14 | 0.67 | 0.13 | 0.27 | 0.80 | 0% | 55 | 3.6% | 66% | 0.7% | 1986 | 1983 |
56 | Pakistan | 55 | 0.38 | -2% | 0.20 | 0.21 | -0.04 | 1.2 | 0.20 | 0.59 | 0.11 | 0.32 | 0.70 | 0% | 9 | 3.9% | 55% | 6.0% | 1996 | 1992 |
57 | Bolivia | 28 | 0.38 | 6% | 0.14 | 0.13 | -0.02 | 1.5 | 0.17 | 0.54 | 0.16 | 0.32 | 0.70 | 0% | 8 | 2.5% | 54% | 3.1% | 1996 | 1974 |
58 | Philippines | 1 | 0.05 | -18% | 0.31 | 0.23 | 0.00 | 1.5 | 0.34 | 0.39 | 0.21 | 0.55 | 0.60 | 0% | 13 | 5.2% | 8% | 0.1% | 2010 | 2010 |
59 | Chile | 9 | 0.41 | -7% | 0.08 | 0.15 | 0.00 | 0.9 | 0.13 | 0.54 | 0.15 | 0.19 | 0.60 | 0% | 22 | 2.5% | 68% | 1.7% | 1983 | 1982 |