Estimated remaining oil reserves
Reserves are estimated to be 3.87 billion barrels of oil and 6.3 trillion cubic feet of gas. These reserves are These reserves are recoverable from 489 active fields. When that accessibility was shut down, Saudi proved oil reserves were estimated to be 166 billion barrels. However, around 1988 Saudi raised their estimate of proved reserves by 90 billion barrels. The U.S. holds more oil reserves than anyone else in the world, including Saudi Arabia, Russia, and Venezuela. That conclusion comes from a new independent estimate from Rystad Energy, a Norwegian consultancy. Rystad estimates that the U.S. holds 264 billion barrels of oil,