Global oil production up in 2012 as reserves estimates rise again

Global production and reserves of crude oil and lease condensate both increased in 2012, according to Oil & Gas Journal's annual Worldwide Production report. Reserves of natural gas increased slightly between Jan. 1, 2012, and Jan. 1, 2013. OGJ estimates average worldwide oil production in 2012 at 75.72 million b/d, up 2.9% from the 2011 rate. Top producers, their 2012 production averages, and year-to-year changes are Russia, 10.45 million b/d, up 1.2%; Saudi Arabia, 9.96 million b/d, up 6.6%; the US, 6.33 million b/d, up 11.9%; China, 4.08 million b/d, up fractionally; and Canada, 3.095 million b/d, up 6.6%. Evident in those numbers is the surging importance of production from unconv...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected