BGR Bundesanstalt für Geowissenschaften und Rohstoffe

Crude Oil

Production platform Heidrun/NorwayProduction platform Heidrun/Norway Source: Statoil, Foto: Øyvind Hagen

With a share of around 30.6 % of primary energy consumption, crude oil is the most important energy resource world-wide, and will remain so for the foreseeable future.

Global oil production rose by 0.6 % in 2016 to a new all-time high of over 4.37 billion t, whilst oil consumption rose by around 0.8 % to 4.38 billion t during the same period.

The remaining potential for crude oil (reserves and resources) is around 689 billion t. The quantities of non-conventional crude oil (shale oil (crude oil from tight rocks), oil sand, ultra-heavy oil, and oil shale) are around 447.874 billion t.

To date, more crude oil has been consumed world-wide (around 187 billion t) than is currently reported in conventional reserves (171 billion t). Crude oil is the only non-renewable energy resource which will probably no longer be able to cover rising demand in the coming decades. Given the long periods of time required to convert the energy sector, it is therefore necessary to develop alternative energy systems in good time.

Total potential of crude oil 2016: regional distributionTotal potential of crude oil 2016: regional distribution Source: BGR

BGR collects and evaluates all the accessible information on the global distribution and availability of crude oil.

It investigates the regional crude oil potential in sedimentary basins and on continental margins, and develops new exploration methods or improves existing exploration technologies.

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