Ratio of oil reserves to production was greatest in South and Central America, with 151.3 years. This means that at the current level of production, South and Central America's oil reserves will last another roughly 151 years before being depleted. By comparison, Europe's oil reserve to production ratio stood at 10.4 years.
Oil reserves to production ratio worldwide in 2020, by region*
(in years)
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BP. (July 8, 2021). Oil reserves to production ratio worldwide in 2020, by region* (in years) [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/682010/reserves-to-production-oil-ratio-worldwide-by-region/
BP. "Oil reserves to production ratio worldwide in 2020, by region* (in years)." Chart. July 8, 2021. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/682010/reserves-to-production-oil-ratio-worldwide-by-region/
BP. (2021). Oil reserves to production ratio worldwide in 2020, by region* (in years). Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/682010/reserves-to-production-oil-ratio-worldwide-by-region/
BP. "Oil Reserves to Production Ratio Worldwide in 2020, by Region* (in Years)." Statista, Statista Inc., 8 Jul 2021, https://www-statista-com.ezproxy.canberra.edu.au/statistics/682010/reserves-to-production-oil-ratio-worldwide-by-region/
BP, Oil reserves to production ratio worldwide in 2020, by region* (in years) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/682010/reserves-to-production-oil-ratio-worldwide-by-region/ (last visited November 10, 2024)
Oil reserves to production ratio worldwide in 2020, by region* (in years) [Graph], BP, July 8, 2021. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/682010/reserves-to-production-oil-ratio-worldwide-by-region/
