The company has proven reserves of 3.1 billion boe (barrels of oil or the natural gas equivalent).
Indonesia has few proven reserves, but high prices may well spur further exploration.
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The country is exporting about 470, 000 barrels per day (bpd) of oil this year down from an average of 503, 000 bpd in 2009 and has proven crude reserves of about 6 billion barrels.
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Chinguetti was discovered in 2001, and has proven and probable reserves of about 120 million barrels of oil.
Venezuela, for instance, has announced proven oil reserves 1.5x that of Saudi Arabia.
Milligan project has proven and probable reserves of about 2.1 billion pounds copper and 6 million ounces gold, and there is a huge likelihood of finding similar reserves in the Serengeti properties.
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Gas does now contribute 35% to power generation, but rock-bottom prices and a sniffiness about gas as oil's poor relation mean that exploiting its bounty (Saudi Arabia apparently has the world's fifth-largest gas reserves) has proven hard.
Today, the world has vastly more proven oil reserves than existed during the Carter years.
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And regarding natural gas, the U.S. has expanded its proven domestic reserves to 2.6 trillion cubic feet enough to power this country for centuries to come.
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While this oil-soaked region has 77 billion barrels of proven reserves, most of this vast landmass is unexplored.
According to the U.S. Energy Information Administration, Iraq has the third largest proven oil reserves in the world (after Saudia Arabia and Canada).
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Chief Executive Finian O'Sullivan, a geophysicist, has 85 million barrels of proven reserves on tap, with 20 wells in exploration in Turkmenistan, Congo and Egypt.
Over the past 20 years, global oil consumption has increased by 30%, but proven reserves have increased at twice that rate.
As part of its proven crude reserves, Ecuador has an estimated 900 million barrels (and 1.3 billion barrels of potential recoverable reserves) in the Ishpingo-Tapococha-Tiputini (ITT) block in the Amazon rainforest.
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According to the Oil and Gas Journal (OGJ), Nigeria has nearly 36 billion barrels of proven oil reserves, making it the largest oil producer in Africa and the tenth largest producer of crude in the world.
To this day, the company has no proven, probable, or even possible reserves.
The prospect of a large rise in oil production from Iraq which has the world's second-largest proven reserves could, eventually, lessen American dependence on the Saudis, especially with no Saddam to keep under control.
The kingdom also has a quarter of the world's proven oil reserves.
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Adoption of these techniques has boosted the U.S. proven natural gas reserves by about a trillion cubic meters to around 7 trillion cubic meters.
Iraq has the world's third-largest proven oil reserves, with 115 billion barrels, of which the fields up for auction account for about 43 billion barrels.
Chevron has 20% of its net proven oil and natural gas reserves in that country.
Massey now has a third of Central Appalachia's proven and probable reserves.
Geology has granted two-thirds of the world's proven oil reserves to Saudi Arabia and four of its neighbours.
However, despite the fact that proven Russian oil reserves are still vast, and that Russia probably has very large undiscovered deposits, it will be practically impossible to achieve this goal because of structural deficiencies in the market structure (taxation on revenue instead of profit).
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