In 2020, the ratio of global oil reserves to production, measured in years, was 53.5. This means that at the current level of production, global oil reserves will last another approximate 54 years before being depleted.
Proved oil reserves to production ratio worldwide from 1980 to 2020
(in years)
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BP. (July 8, 2021). Proved oil reserves to production ratio worldwide from 1980 to 2020 (in years) [Graph]. In Statista. Retrieved November 13, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/682098/oil-reserves-to-production-ratio-worldwide/
BP. "Proved oil reserves to production ratio worldwide from 1980 to 2020 (in years)." Chart. July 8, 2021. Statista. Accessed November 13, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/682098/oil-reserves-to-production-ratio-worldwide/
BP. (2021). Proved oil reserves to production ratio worldwide from 1980 to 2020 (in years). Statista. Statista Inc.. Accessed: November 13, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/682098/oil-reserves-to-production-ratio-worldwide/
BP. "Proved Oil Reserves to Production Ratio Worldwide from 1980 to 2020 (in Years)." Statista, Statista Inc., 8 Jul 2021, https://www-statista-com.ezproxy.canberra.edu.au/statistics/682098/oil-reserves-to-production-ratio-worldwide/
BP, Proved oil reserves to production ratio worldwide from 1980 to 2020 (in years) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/682098/oil-reserves-to-production-ratio-worldwide/ (last visited November 13, 2024)
Proved oil reserves to production ratio worldwide from 1980 to 2020 (in years) [Graph], BP, July 8, 2021. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/682098/oil-reserves-to-production-ratio-worldwide/
