The conversion factors cover calculation between weight, volume and calorific measures. They provide data for crude oil, products, natural gas, LNG, electricity and solid fuels.
Generally taken to be those quantities that geological and engineering information indicates with reasonable certainty can be recovered in the future from known reservoirs under existing conditions.
The total oil reserves estimates have been compiled using a combination of primary official sources, third-party data from the OPEC Secretariat, World Oil, Oil & Oil & Gas Journal and an independent estimate of Russian reserves based on official data and Chinese reserves based on official data and information in the public domain. Canadian oil sands 'under active development' are an official estimate. Venezuelan Orinoco Belt reserves are based on the OPEC Secretariat and government announcements.
The data series for proved oil in this year’s Review does not necessarily meet the definitions, guidelines and practices used for determining proved reserves at company level, for instance, as published by the US Securities and Exchange Commission nor does it necessarily represent BP’s view of proved reserves by country.
The total natural gas reserves estimates have been compiled using a combination of primary official sources and third party data from Cedigaz and the OPEC Secretariat. The data series for proved gas reserves in this years Review does not necessarily meet the definitions, guidelines and practices used for determining proved reserves at company level, for instance as published by the US Securities and Exchange Commission nor does it necessarily represent BP’s view of proved reserves by country.
Includes data from Federal Institute for Geosciences and Natural Resources (BGR) Energy Study 2017.
If the reserves remaining at the end of any year are divided by the production in that year, the result is the length of time that those remaining reserves would last if production were to continue at that rate.
Annual changes and shares of total in the tables for oil consumption, production, refining and trade movements could be calculated on either a volume (barrels per day) or on a weight (tonnes) basis. This year we have elected to calculate growth rates based on the data cited in the table. Percentages have been calculated before the rounding of actuals.
Because of rounding, some totals may not agree exactly with the sum of their component parts.
Metric equivalent of tons.
Country groupings are made purely for statistical purposes and are not intended to imply any judgment about political or economic standings
US (excluding US territories), Canada, Mexico
Atlantic islands between the US Gulf Coast and and South America, including Puerto Rico, US Virgin Islands and Bermuda.
Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama
Caribbean (including Puerto Rico and US Virgin Islands), Bermuda, Central and South America.
European members of the OECD plus Albania, Bosnia-Herzegovina, Bulgaria, Croatia, Cyprus, the former Yugoslav Republic of Macedonia, Georgia, Gibraltar, Latvia, Lithuania, Malta, Montenegro, Romania and Serbia.
Armenia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Russian Federation, Tajikistan, Turkmenistan, Ukraine, Uzbekistan.
Arabian Peninsula, Iran, Iraq, Israel, Jordan, Lebanon, Syria.
Territories on the north coast of Africa from Egypt to Western Sahara.
Territories on the east coast of Africa from Sudan to Mozambique. Also Madagascar, Malawi, Uganda, Zambia, Zimbabwe.
Angola, Cameroon, Central African Republic, Chad, Democratic Republic of Congo, Republic of Congo, Equatorial Guinea, Gabon, Sao Tome & Principe.
Territories on the west coast of Africa from Mauritania to Nigeria, including Burkina Faso, Cape Verde, Mali and Niger.
Botswana, Lesotho, Namibia, South Africa, Swaziland.
Brunei, Cambodia, China †, China Hong Kong SAR*, China Macau SAR*, Indonesia, Japan, Laos, Malaysia, Mongolia, North Korea, Philippines, Singapore, South Asia (Afghanistan, Bangladesh, India, Myanmar, Nepal, Pakistan and Sri Lanka), South Korea, Taiwan, Thailand, Vietnam, Australia, New Zealand, Papua New Guinea and Oceania.
Australia, New Zealand.
Europe: Austria, Belgium, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Luxembourg, Netherlands, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, Switzerland, Turkey, UK.
Other member countries: Australia, Canada, Chile, Israel, Japan, Mexico, New Zealand, South Korea, US.
Middle East: Iran, Iraq, Kuwait, Qatar, Saudi Arabia, United Arab Emirates.
North Africa: Algeria, Libya.
West Africa: Angola, Equatorial Guinea, Gabon, Nigeria.
South America: Ecuador, Venezuela.
Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Republic of Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, UK.
All countries that are not members of the OECD.
Publishers are welcome to quote from this document provided that they attribute the source to the BP Statistical Review of World Energy June 2018. However, where extensive reproduction of tables and/or charts is planned, permission must first be obtained from:
The Editor, BP Statistical Review of World Energy
1 St James's Square
Our strategy allows us to be competitive in a time when prices, policy, technology and customer preferences are evolving