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Trivia

The Largest Oil Reserves in the World

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The world consumes more than 85 million barrels of oil every day and this oil comes from more than 4000 oil fields. Most of these oil fields are small and they don’t even produce 20,000 barrels per day. The really big oil fields that produce more than 100,000 barrels of oil per day are less than three percent of all the oil fields. There are also mega oil fields, which produce one million or more barrels of oil every day. Here is a list of the places that hold the largest reserves of crude oil.

Ghawar oil field in Saudi Arabia

Ghawar oil field in Saudi Arabia is said to contain about 100 billion barrels of crude oil. It measures 160 miles in length and 16 miles in breadth. The oil well has already produced more than 60 billion barrels of crude oil over the last 60 years.

Burgan in Kuwait

Burgan oil field was discovered in 1938, but oil extraction from this oil well did not start until ten years afterwards. It is estimated to contain about 72 billion barrels of oil, half of Kuwait’s total oil reserves.

Safaniya offshore oil field in Saudi Arabia

Safaniya is the biggest oil field in the world and it is located off the coast of Saudi Arabia. It contains about 50 billion barrels of oil. Like many other oil fields in Saudi Arabia, Safaniya has been producing crude oil for more than 60 years now and the operator is working to extend the life of the oil field.

Some of the other large oil fields are Rumaila in Iraq, Kikruk in Iraq, Cantarell in Mexico and Samotlor in Russia.

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