Oil and gas reserves and resource quantification
Oil and gas reserves and resource quantification
Industry concept of crude oil and natural gas reserves and resources.
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Readers' pathsAug 2026 – Oct 2026
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Proven reserves
Measure of fossil fuel energy reserves.
21%
Hydrocarbon exploration
Attempts to locate oil and gas.
4.1%
Oil well
Well drilled to extract crude oil and/or gas.
4%
Peak oil
Point in time when the maximum rate of petroleum extraction is reached.
3.2%
Petroleum industry
Extraction and sale of petroleum products.
2.8%
Unconventional (oil and gas) reservoir
Type of hydrocarbon reservoir.
2.5%
World energy supply and consumption
Global production and usage of energy.
1.9%
Extraction of petroleum
Removal of petroleum from the earth.
1.6%
Natural gas
Gaseous fossil fuel.
0.48%
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Petroleum reservoir
Subsurface pool of hydrocarbons.
9%
Saudi Aramco
Saudi Arabian state-owned petroleum and oil-trade company.
7.7%
Oil reserves in the United States
Oil reserves located in the United States.
6.3%
Oil reserves in Venezuela
Oil reserves located in Venezuela.
6.2%
Petroleum
Naturally occurring combustible liquid.
5.5%
Peak oil
Point in time when the maximum rate of petroleum extraction is reached.
5.1%
Economy of Iran
5.1%
Oil reserves in Saudi Arabia
Oil reserves located in Saudi Arabia.
4.6%
Economy of Saudi Arabia
4.3%
Proven reserves
Measure of fossil fuel energy reserves.
4.1%