Oil proved reserves | Nigeria – yearly data, chart and table
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Compare
Data for 2022 and 2022 have not been published.
Primary data
Change
In tones
Per 100,000 inhabitants
Per 100,000 km² area
Reserves-to-production (R/P) ratio
Cost of reserves
Cost per capita
Cost per 1 km² of area
Table
Chart
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Source:
EIA,
Statistical Review of World Energy BP,
Energy institute
EIA
www.eia.gov
www.eia.gov
Statistical Review of World Energy BP
https://www.bp.com/en/global/corporate/energy-economics/statistical-review-of-world-energy.html
https://www.bp.com/en/global/corporate/energy-economics/statistical-review-of-world-energy.html
Energy institute
https://www.energyinst.org/
https://www.energyinst.org/
Overview
The proved oil reserves of Nigeria in 2021 reached 36 890 million barrels, which is 0.222% less than in 2020, when it was 36 972 MMbbl. This is the first year of decline after a period of growth. According to the Energy Information Administration (EIA) data and BP Statistical Review of World Energy, since 1980, the proved reserves of oil has increased in 2.12 times. The minimum of Nigeria was recorded in 1997, with a value of 15 521 million barrels. The maximum proved oil reserves was in 2018, when it reached 37 453 MMbbl.
