Joined: Oct 04, 2004 Posts: 2373 Location: Ye Olde Englande
Posted: Sun Nov 06, 2005 10:04 am Post subject: Top 20 countries with the largest oil reserves.
CountryEstimated Reserves
1. Saudi Arabia 262,700,000,000
2. Iran 132,500,000,000
3. Iraq 115,000,000.000
4. Kuwait 99,000,000,000
5. United Arab Emirates 97,800,000,000
6. Venezuela 77,200,000,000*
7. Russia 72,300,000,000
8. Kazakhstan 39,600,000,000
9. Libya 39,100,000,000
10. Nigeria 35,300,000,000
11. United States of America 29,400,000,000
12. China 17,100,000,000
13. Canada 16,800,000,000**
14. Qatar 15,200,000,000
15. Mexico 14,800,000,000
16. Algeria 11,800,000,000
17. Brazil 11,200,000,000
18. Norway 9,700,000,000
19. Angola 8,800,000,000
20. Azerbaijan 7,000,000,000
Source: BP Statistical Review of World Energy 2004.
*Excluding extra heavy and bitumen deposits which are estimated at up to 270,000,000,000. (Source : EIA)
** Excluding oil sand deposits which are estimated at up to 170,000,000,000.
(Source: EIA) _________________ "The age of excess is over. The age of entropy has begun"
Joined: Apr 28, 2005 Posts: 3275 Location: West shore Lake Eire, MI, USA
Posted: Sun Nov 06, 2005 8:02 pm Post subject: Re: Top 20 countries with the largest oil reserves.
stu wrote:
CountryEstimated Reserves
1. Saudi Arabia 262,700,000,000
2. Iran 132,500,000,000
3. Iraq 115,000,000.000
4. Kuwait 99,000,000,000
5. United Arab Emirates 97,800,000,000
6. Venezuela 77,200,000,000*
Source: BP Statistical Review of World Energy 2004.
*Excluding extra heavy and bitumen deposits which are estimated at up to 270,000,000,000. (Source : EIA)
** Excluding oil sand deposits which are estimated at up to 170,000,000,000.
(Source: EIA)
Does anyone here actually beleive these numbers? Personally I think you could every one of them in half and not be too far off the real mark, but I am no geologist, so what do I know? Time will tell. _________________ Oxygen: - An intensely habit-forming accumulative toxic substance. As little
as one breath is known to produce a life-long addiction to the gas, which addiction invariably ends in death.--Isaac Asimov
Posted: Mon Nov 07, 2005 3:38 pm Post subject: Re: Top 20 countries with the largest oil reserves.
Tanada wrote:
[Does anyone here actually beleive these numbers? Personally I think you could every one of them in half and not be too far off the real mark, but I am no geologist, so what do I know? Time will tell.
The number for Norway compares to the NPD's figures for Norwegian oil+NGL+condensate reserves. On top of this Norway books 3,3 billion in contingent oil resources in producing fields and 1,8 billion in contingent oil resources in discovered, but not yet developed fields. Both of the later will eventually become reserves.
Joined: Apr 28, 2005 Posts: 3275 Location: West shore Lake Eire, MI, USA
Posted: Mon Nov 07, 2005 5:18 pm Post subject: Re: Top 20 countries with the largest oil reserves.
RedViking wrote:
Tanada wrote:
[Does anyone here actually beleive these numbers? Personally I think you could every one of them in half and not be too far off the real mark, but I am no geologist, so what do I know? Time will tell.
The number for Norway compares to the NPD's figures for Norwegian oil+NGL+condensate reserves. On top of this Norway books 3,3 billion in contingent oil resources in producing fields and 1,8 billion in contingent oil resources in discovered, but not yet developed fields. Both of the later will eventually become reserves.
Sorry I wasn't clear, I was talking about the 6 OPEC countries I copied from the list. _________________ Oxygen: - An intensely habit-forming accumulative toxic substance. As little
as one breath is known to produce a life-long addiction to the gas, which addiction invariably ends in death.--Isaac Asimov
Or one trillion barrels. This is the oil that is given as a reserve by the countries themselves and accepted as factually the best estimate.
One trillion barrels of oil, or 1.875 megawatts per barrel = 1.875 pentillion watts.
Or the rquivalent output of one trillion windmills on a good day.
Or 1 Billion windmills for 3 years
Or 1 Million windmills for 3000 years
To build 1 Billion windmills it would take 1 quadrillion dollars.
or the national debt of 125,000 alternate universes with 125,000 Americas national deabts.
And it would only cost each living person on the planet exactly one million dollars, man, woman, and child!
This is a grand project!
This is equivalent to a stack of one dollar bills stretching from here to the sun and back 125,000 times.
a one megawatt windmill for example only makes 1,000 kilowatts/hour
Posted: Sun Nov 27, 2005 3:45 pm Post subject: Re: Top 20 countries with the largest oil reserves.
Quote:
Or one trillion barrels. This is the oil that is given as a reserve by the countries themselves and accepted as factually the best estimate.
One trillion barrels of oil, or 1.875 megawatts per barrel = 1.875 pentillion watts.
Or the rquivalent output of one trillion windmills on a good day.
Or 1 Billion windmills for 3 years
Or 1 Million windmills for 3000 years
To build 1 Billion windmills it would take 1 quadrillion dollars.
or the national debt of 125,000 alternate universes with 125,000 Americas national deabts.
And it would only cost each living person on the planet exactly one million dollars, man, woman, and child!
This is a grand project!
This is equivalent to a stack of one dollar bills stretching from here to the sun and back 125,000 times.
I forgot to mention this fact:
since we have ONE TRILLION barrels of oil in the world, and the world uses 63 million barrels a DAY
that is 23 billion barrels a year.
that gives us 43 years.
If you dont mind me asking, where are you getting all these facts from??
And BTW, the 1 Trillion barrel estimate you came up only included the TOP 10 countries in the world, not all the producing countries in the world. From what i've read, we have around 2 Trillion Barrels total, and thats a bit optimistic. Where did you get all those windmill facts or did you just come up with them out of your head? Would be quite sombering if its true..
A 3MW wind turbine at 33% capacity factor produces 1 megajoule per second or 14.6 barrels oil equivilent per day. You can work out the rest from there. _________________ "Production of useful work is limited by the laws of thermodynamics, but the production of useless work seems to be unlimited."
Posted: Wed Mar 08, 2006 11:32 am Post subject: Re: Top 20 countries with the largest oil reserves.
Doly wrote:
Can somebody complete this with the yearly exports/imports of the above countries for the most recent year we can get?
By using BPs 2005 statistic review you can subtract annual consumption from annual production for each country. This should give you the exports (minus storage). Good luck.
Joined: Oct 17, 2005 Posts: 67 Location: The Netherlands
Posted: Fri Jun 23, 2006 8:07 am Post subject: Re: Top 20 countries with the largest oil reserves.
One of the main 'proofs' for not trusting OPEC on their own estimated reserves is their sudden increase in the 1980's.
(source: BP statistical Review)
Before 1985 the reserves were:
Saudi Arabia: 170 bbl (changed to 258 bbl in 1990)
Venezuela: 25 bbl (changed to 56 in 1988)
Kuwait: 64 bbl (changed to 90 in 1985)
Iraq: 49 bbl (changed to 93 bbl in 1988)
Abu Dhabi 31 bbl (changed to 92 bbl in 1988)
(bbl = billions of barrels)
What if the new estimates are only real on paper. How much did the above countries produce in the meantime. What is a good estimate of their real reserves?
According to a recent article, Kuwait Reserves may only be 36 billion barrels so they are halfway depleting their pre-1985 reserve. If the other OPEC-countries have similar figures, then world oil reserves are much smaller. Maybe even less then 600 billion barrels for the top-20 countries combined.
You cannot post new topics in this forum You cannot reply to topics in this forum You cannot edit your posts in this forum You cannot delete your posts in this forum You cannot vote in polls in this forum
News
Discussions
Resources
Members
Forum FAQ
Search
Usergroups
Profile
Log in to check your private messages
Log in
