Worldwide report: oil reserves reduced, but production climbs

Journal Article · Tue Nov 30 23:00:00 EST 1976 · Oil Gas J.; (United States)

OSTI ID:6527798

Auldridge, L

Oil and Gas Journal reports that despite shifts in worldwide oil politics toward increased government intervention, oil production hit a record high of 60 million bbl/day in November 1976. The contribution from non-Communist countries was 52.8 million bbl/day, 65% of which was produced by OPEC members. Total crude-oil reserves declined from just under 658.7 billion bbl reported in 1975 to 598.9 billion as of January 1977. Total gas reserves, however, rose to over 2304 trillion CF from last year's 2232 TCF, due primarily to additions by the Soviet Union. Reserves statistics, tabulated by global region for all producing countries, indicate only proved reserves recoverable with today's technology at current prices.

• OSTI ID: 6527798
• Journal Information: Oil Gas J.; (United States), Journal Name: Oil Gas J.; (United States) Vol. 74; ISSN OIGJA
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020000* -- Petroleum
03 NATURAL GAS
030100 -- Natural Gas-- Reserves-- (-1989)
DATA
ENERGY SOURCES
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
GEOLOGIC DEPOSITS
GLOBAL ASPECTS
INFORMATION
NATURAL GAS
NATURAL GAS DEPOSITS
PETROLEUM
PETROLEUM DEPOSITS
PRODUCTION
RESERVES
RESOURCES