PETROLEUM GEOLOGY
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  • Content
    • Petroleum Geochemistry
    • Origin of Petroleum >
      • Evaluation of Source Rocks
      • Generation & Migration
      • Geologic Time
    • Accumulation and Traps >
      • Basin Environment
      • Structural Trap
      • Stratigraphic Trap
    • The Reservoir >
      • The Subsurface Environment
      • Reservoir rocks >
        • Sedimentary rocks
        • Rock properties
      • Recovery Techniques
      • Conventional Fluids
      • Nonconventional Fluids
      • Petrophysics
      • Reservoir Estimation
    • Shale oil >
      • History of Shale oil
      • Oil Shale
      • Shale oil extraction
    • More about Petroleum >
      • Types of drilling bits
      • Drilling Fluids/Mud and Components
      • Oil-Rich Countries
      • Facts about Petroleum
      • Oil Measurement Unit
      • Forecast of Energy Usage
      • Exploration Techniques
      • Geologist & Engineer
      • Impacts on environment
      • World Reserves
      • Petroleum in Thailand
      • NOC & IOC
      • Digital Oilfields
      • Career in PE
      • Blowout Preventer(BOP)
      • HSE Basic Concepts
    • Geophysics >
      • Geophysical surveys for petroleum
    • From Exploration to Refining
    • Well logging
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World Oil Reserves

Petroleum reserves and Production rate
Petroleum reserves are the amount of technically and economically recoverable oil.
Everyone may think that the highest oil reserves country should be the highest production rate country. But in reality the reserves is not the indicator of the production rate directly at all and it depends on many factors such as petroleum laws, government policy of each country.
Let take a look the relationship between oil reserves and production rate for each country below.

Picture

​For example, Venezuela which has the highest oil reserve in the world. But it is not one of the richest countries in the world the production rate is less than Russia about 5 times despite the fact that It has oil reserves more than Russia up to 3 times.
​The main causes that make Venezuela poor are political corruption and drug problems.
So that why we can not conclude that the most high oil reserves country should be the highest production rate country



​
                                                                                                      
​reference: https://en.m.wikipedia.org/wiki/Oil_reserves

Written by
​
Napat Tangjaichuychat ​

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  • Home
  • Introduction
  • Content
    • Petroleum Geochemistry
    • Origin of Petroleum >
      • Evaluation of Source Rocks
      • Generation & Migration
      • Geologic Time
    • Accumulation and Traps >
      • Basin Environment
      • Structural Trap
      • Stratigraphic Trap
    • The Reservoir >
      • The Subsurface Environment
      • Reservoir rocks >
        • Sedimentary rocks
        • Rock properties
      • Recovery Techniques
      • Conventional Fluids
      • Nonconventional Fluids
      • Petrophysics
      • Reservoir Estimation
    • Shale oil >
      • History of Shale oil
      • Oil Shale
      • Shale oil extraction
    • More about Petroleum >
      • Types of drilling bits
      • Drilling Fluids/Mud and Components
      • Oil-Rich Countries
      • Facts about Petroleum
      • Oil Measurement Unit
      • Forecast of Energy Usage
      • Exploration Techniques
      • Geologist & Engineer
      • Impacts on environment
      • World Reserves
      • Petroleum in Thailand
      • NOC & IOC
      • Digital Oilfields
      • Career in PE
      • Blowout Preventer(BOP)
      • HSE Basic Concepts
    • Geophysics >
      • Geophysical surveys for petroleum
    • From Exploration to Refining
    • Well logging
    • Real-Time Oil Price
    • Glossary of Oil and Gas Terms
  • Contact
  • About
  • Blog