In 2021, oil reserves in West Africa amounted to slightly over 38 billion barrels, including lease condensates. The oil-producing countries considered were Benin, Cameroon, Cote d'Ivoire, Ghana, Niger, and Nigeria. Generally, crude oil reserves in the region registered minimal decreases from 2013 onwards. Overall, Africa had more than 125 billion barrels of oil reserves as of 2021.
Proved crude oil reserves in West Africa from 2013 to 2021
(in billion barrels)
Data has been calculated by Statista from annual figures provided by the source for crude oil producing countries in West Africa, namely Benin, Cameroon, Cote d'Ivoire, Ghana, Niger, and Nigeria.
The source adds the following information:
''Proved reserves of crude oil (including lease condensate) are the estimated quantities of all liquids defined as crude oil that geological and engineering data demonstrate with reasonable certainty to be recoverable in future years from reservoirs under existing economic and operating conditions.''
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Statista. (May 16, 2022). Proved crude oil reserves in West Africa from 2013 to 2021 (in billion barrels) [Graph]. In Statista. Retrieved November 25, 2024, from https://www.statista.com/statistics/1308626/crude-oil-reserves-in-west-africa/
Statista. "Proved crude oil reserves in West Africa from 2013 to 2021 (in billion barrels)." Chart. May 16, 2022. Statista. Accessed November 25, 2024. https://www.statista.com/statistics/1308626/crude-oil-reserves-in-west-africa/
Statista. (2022). Proved crude oil reserves in West Africa from 2013 to 2021 (in billion barrels). Statista. Statista Inc.. Accessed: November 25, 2024. https://www.statista.com/statistics/1308626/crude-oil-reserves-in-west-africa/
Statista. "Proved Crude Oil Reserves in West Africa from 2013 to 2021 (in Billion Barrels)." Statista, Statista Inc., 16 May 2022, https://www.statista.com/statistics/1308626/crude-oil-reserves-in-west-africa/
Statista, Proved crude oil reserves in West Africa from 2013 to 2021 (in billion barrels) Statista, https://www.statista.com/statistics/1308626/crude-oil-reserves-in-west-africa/ (last visited November 25, 2024)
Proved crude oil reserves in West Africa from 2013 to 2021 (in billion barrels) [Graph], Statista, May 16, 2022. [Online]. Available: https://www.statista.com/statistics/1308626/crude-oil-reserves-in-west-africa/
