World Oil and Gas 2010

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Eni's annual review, provides a global overview of the historical trends in the oil and natural gas markets.

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World Oil and Gas 2010

  1. 1. World Oil and Gas Review 2010
  2. 2. World Oil and Gas Review 2010
  3. 3. The global energy landscape is constantly and rapidly evolving in response to advancingtechnologies, energy and environmental policies, and in recent years also to an economic crisisthat emphasized widely different growth dynamics among different areas of the world.In the past decade, the prices of the key energy sources have also shown a high level of instability,often not justified by the dynamics of demand and supply fundamentals, but rather related to thespeculative behaviour of financial markets.At this regard, a need has been recently emerging to control energy price volatility, which isharmful for both producers and consumers and jeopardizes international economic stability, inother words, a wish to return to energy prices that first of all reflect market fundamentals. Toachieve this, it is helpful to have updated, reliable and exhaustive historical data analyses, inorder to identify the structural trends that will characterize the future energy system purged ofconjunctural or speculative phenomena.It is in this perspective that Eni is publishing the ninth edition of the World Oil and Gas Review,an initiative that has led the company to become an outstanding source of information in the oiland natural gas market.In this edition you will again find data concerning oil and gas consumption, production, reservesand international trade for all world countries. These figures are accompanied by specific indicators,charts and rankings providing an additional key to understanding the data, over and above theabsolute values.What are the main indications that emerge from an analysis of the latest historical data?With regard to the oil market, in 2009 consumption decreased by 1.2 million barrels per day(mbpd) compared to the previous year (-1.4%), primarily as a result of the economic crisis. In the2005-2009 period, global demand only grew by 1 mbpd, equal to a 1.2% increase. However, thisfigure is the result of opposite dynamics that clearly show the existence of two quite differenttrends. On the one hand, the developed countries (OECD area), after reaching consumption peakin 2005, have been moving in the direction of a constant drop, recording a reduction of 4.3 mbpd(-8.7%). On the other hand, the emerging and developing countries have been heading in theopposite direction, with consumption rising by 5.4 mbpd (+15.8%) in the 2005-2009 period. Thisgrowth has been driven by China, India, Saudi Arabia and Brazil, which account for 66% of thisincrease (34% for China alone).At January 1, 2010 oil reserves were higher by 13.5 billion barrels (+1.1%) compared to 2009.The constant growth of oil reserves in the second half of this decade has led the global reservelife index to rise from 37 years in 2005 to 40 years in 2009. Once again, oil reserves prove to bea dynamic, increasing value, capable of evolving as a result of changing prices and technologies.
  4. 4. The year 2009 was highly turbulent for the gas market as well, with global consumption fallingby 0.8% compared to 2008 (-23.5 bcm). In recent years, however, gas demand has been far morerobust than oil demand, with an 8.7% increase in the 2005-2009 period. This figure was the resultof strongly rising consumption in emerging and developing countries (+13.8%), as well as ofgrowth in industrialized countries (+3.9%), albeit weaker than in the past, particularly in the lastfew years. In the latter regions, environmental benefits compared to other fossil fuels open furtherspace for growth in the natural gas market, particularly in the power generation sector. Significantnews are also observed on the production side. In 2009, following a boom in unconventionalgas (primarily shale gas), the United States became the leading world producer with 583 bcm,overtaking Russia, the historical leader of this ranking. The US growth in gas production is oneof the most evident ongoing trends in the natural gas market, with an increase of approximately80 bcm (+16%) in the 2005-2009 period, a figure close to current Italian annual consumption.Qatar’s production has also risen rapidly, to the point of doubling from 2005 to 2009.Global gas reserves have also increased significantly (+4.8% at January 1, 2010 compared to thesame date in 2009), continuing a trend that led them to rise by 10.3% compared to January 1,2005. In 2009 the life index grew from 58 to 60 years, and it is likely to reach above the 60 yearlevel soon.The statistics contained in the World Oil and Gas Review provide a comprehensive account of thisand other market dynamics.We submit these statistical pages to your analysis, in hope that this edition will once again proveto be a helpful work and study tool.
  5. 5. Introduction Introduction List of countries by areas and aggregates II Oil in the world – Chart V Areas and aggregates III Natural gas in the world – Chart V Notes and methods IV Oil Crude oil prices Crude oil prices – Chart 36 Production Areas and aggregates – Table 2 Areas – Chart 2 Natural gas The first ten countries in the world – Table 3 The first ten countries in the world – Chart 3 Production Countries – Table 4 Areas and aggregates – Table 40 Areas – Chart 40 Reserves The first ten countries in the world – Table 41 Areas and aggregates – Table 6 The first ten countries in the world – Chart 41 Areas – Chart 6 Countries – Table 42 The first ten countries in the world – Table 7 The first ten countries in the world – Chart 7 Reserves Countries – Table 8 Areas and aggregates – Table 44 Areas – Chart 44 Reserves/production ratios The first ten countries in the world – Table 45 Areas and aggregates – Table 10 The first ten countries in the world – Chart 45Introduction Areas – Chart 10 Countries – Table 46 The first ten countries in the world – Table 11 The first ten countries in the world – Chart 11 Reserves/production ratios Countries – Table 12 Areas and aggregates – Table 48 Areas – Chart 48 Consumption The first ten countries in the world – Table 49 Areas and aggregates – Table 14 The first ten countries in the world – Chart 49 Areas – Chart 14 Countries – Table 50 The first ten countries in the world – Table 15 The first ten countries in the world – Chart 15 Consumption Countries – Table 16 Areas and aggregates – Table 52 Areas – Chart 52 Per capita consumption The first ten countries in the world – Table 53 Areas and aggregates – Table 19 The first ten countries in the world – Chart 53 Areas – Chart 19 Countries – Table 54 The first ten countries in the world – Table 20 The first ten countries in the world – Chart 20 Per capita consumption Countries – Table 21 Areas and aggregates – Table 56 Areas – Chart 56 Production/consumption ratios The first ten countries in the world – Table 57 Areas and aggregates – Table 24 The first ten countries in the world – Chart 57 Areas – Chart 24 Countries – Table 58 The first ten countries in the world – Table 25 The first ten countries in the world – Chart 25 Production/consumption ratios Countries – Table 26 Areas and aggregates – Table 60 Areas – Chart 60 Exports The first ten countries in the world – Table 61 The first ten countries in the world – Table 28 The first ten countries in the world – Chart 61 The first ten countries in the world – Chart 28 Countries – Table 62 Countries – Table 29 Exports Imports The first ten countries in the world – Table 64 The first ten countries in the world – Table 32 The first ten countries in the world – Chart 64 The first ten countries in the world – Chart 32 Countries – Table 65 Countries – Table 33
  6. 6. IntroductionImports Central AsiaThe first ten countries in the world – Table 66 Crude production by quality – Table 116The first ten countries in the world – Chart 66 Quality and production volume 116Countries – Table 67 of main crudes – Chart Crude production by quality – Chart 117The first ten net exporter countries 69 Crude production by quality 117 in the world – Chart (1998-2005-2009) – ChartThe first ten net importer countries 69 Countries 118 in the world – Chart Middle EastInternational trade Crude production by quality – Table 119Totals by pipeline and LNG – 2008 – Table 70 Quality and production volume 119By pipeline – 2008 – Table 74 of main crudes – ChartBy LNG – 2008 – Table 78 Crude production by quality – Chart 120Totals by pipeline and LNG – 2009 – Table 80 Crude production by quality 120By pipeline – 2009 – Table 84 (1998-2005-2009) – ChartBy LNG – 2009 – Table 88 Countries 121World exports by LNG and pipeline as 89 Introduction a proportion of production – Table AfricaWorld exports by LNG and pipeline as 89 Crude production by quality – Table 122 a proportion of production – Chart Quality and production volume 122The first ten LNG exporter countries 90 of main crudes – Chart in the world – Chart Crude production by quality – Chart 123The first ten LNG importer countries 90 Crude production by quality 123 in the world – Chart (1998-2005-2009) – ChartExports by country of destination – Table 91 Countries 124Imports by country of origin – Table 98 Asia and the Pacific Crude production by quality – Table 126 Quality and production volume 126Production Quality of main crudes – ChartWorld Crude production by quality – Chart 127Crude production by quality – Table 110 Crude production by quality 127Crude production by gravity – Table 110 (1998-2005-2009) – ChartCrude production by sulphur content – Table 110 Countries 128Quality and production volume 111 Americas of main crudes – Chart Crude production by quality – Table 129Crude production by quality – Chart 112 Quality and production volume 129Crude production by quality 112 of main crudes – Chart (1998-2005-2009) – Chart Crude production by quality – Chart 130Europe Crude production by quality 130Crude production by quality – Table 113 (1998-2005-2009) – ChartQuality and production volume 113 Countries 131 of main crudes – ChartCrude production by quality – Chart 114Crude production by quality 114 (1998-2005-2009) – ChartCountries 115
  7. 7. Introduction Western and Central Europe Central Asia Africa North America Eastern Europe Middle East Asia and the Paci c Latin America List of countries by areas and aggregates Europe: Western Europe and Central Europe, Eastern Europe. Norway, Oman, Portugal, Qatar, Saudi Arabia, Singapore, Slovakia, Western Europe and Central Europe: Albania, Austria, Belgium, Slovenia, South Korea, Spain, Sweden, Switzerland, Taiwan, TrinidadIntroduction Bosnia Herzegovina, Bulgaria, Croatia, Cyprus, Czech Republic, and Tobago, United Arab Emirates, United Kingdom and United States. Denmark, Estonia, Finland, France, Germany, Gibraltar, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Lithuania, Luxembourg, Macedonia, Middle income countries: Malta, Montenegro, Netherlands, Norway, Poland, Portugal, Romania, Upper middle income: Algeria, Argentina, Belorussia, Bosnia Serbia, Slovakia, Slovenia, Spain, Sweden, Switzerland, Turkey and Herzegovina, Brazil, Bulgaria, Chile, Colombia, Costa Rica, Cuba, United Kingdom. Dominican Republic, Gabon, Jamaica, Kazakhstan, Latvia, Lebanon, Eastern Europe: Belorussia, Moldova, Russia and Ukraine. Libya, Lithuania, Macedonia, Malaysia, Mexico, Montenegro, Namibia, II Panama, Peru, Poland, Romania, Russia, Serbia , South Africa, Suriname, Central Asia: Armenia, Azerbaijan, Georgia, Kazakhstan, Kyrgyzstan, Turkey, Uruguay and Venezuela. Tajikistan, Turkmenistan and Uzbekistan. Lower middle income: Albania, Angola, Armenia, Azerbaijan, Bolivia, Cameroon, China, Congo, Côte d’Ivoire, East Timor, Ecuador, Middle East: Bahrain, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Egypt, El Salvador, Georgia, Guatemala, Honduras, India, Indonesia, Oman, Qatar, Saudi Arabia, Syria, United Arab Emirates and Yemen. Iran, Iraq, Jordan, Moldova, Mongolia, Morocco, Nicaragua, Nigeria, Pakistan, Papua New Guinea, Paraguay, Philippines, Sri Lanka, Sudan, Africa: Algeria, Angola, Benin, Cameroon, Chad, Congo, Côte Syria, Thailand, Tunisia, Turkmenistan and Ukraine. d’Ivoire, Dem. Rep. Congo, Egypt, Equatorial Guinea, Ethiopia, Gabon, Ghana, Kenya, Libya, Madagascar, Mauritania, Morocco, Mozambique, Low income countries: Afghanistan, Bangladesh, Benin, Chad, Dem. Namibia, Nigeria, Rwanda, Senegal, Somalia, South Africa, Sudan, Rep. Congo, Ethiopia, Ghana, Haiti, Kenya, Kyrgyzstan, Madagascar, Tanzania, Tunisia, Zambia and Zimbabwe. Mauritania, Mozambique, Myanmar, Nepal, North Korea, Rwanda, Senegal, Somalia, Tajikistan, Tanzania, Uzbekistan, Vietnam, Yemen, Asia and the Pacific: Afghanistan, Australia, Bangladesh, Brunei, Zambia and Zimbabwe. China, East Timor, Hong Kong, India, Indonesia, Japan, Malaysia, Mongolia, Myanmar, Nepal, New Zealand, North Korea, Pakistan, Papua New Guinea, Philippines, Singapore, South Korea, Sri Lanka, International institutions and organisations Taiwan, Thailand and Vietnam. European Union: Austria, Belgium, Bulgaria, Cyprus, Czech Americas: North America, Latin America. Republic, Denmark, Estonia, Finland, France, Germany, Greece, North America: Canada and the United States. Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Latin America: Argentina, Barbados, Bolivia, Brazil, Chile, Colombia, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Costa Rica, Cuba, Dominican Republic, Ecuador, El Salvador, Sweden and United Kingdom. Guatemala, Haiti, Honduras, Jamaica, Mexico, Netherlands Antilles, Nicaragua, Panama, Paraguay, Peru, Suriname, Trinidad and Tobago, OECD: Europe, Asia and the Pacific, North America. Uruguay and Venezuela. Europe: Austria, Belgium, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Luxembourg, World: High income countries, Middle income countries, Low income Netherlands, Norway, Poland, Portugal, Slovakia, Spain, Sweden, countries. Switzerland, Turkey and United Kingdom. High income countries: Australia, Austria, Bahrain, Barbados, Asia and the Pacific: Australia, Japan, New Zealand and South Korea. Belgium, Brunei, Canada, Croatia, Cyprus, Czech Republic, Denmark, North America: Canada, Mexico and the United States. Equatorial Guinea, Estonia, Finland, France, Germany, Gibraltar, Greece, Hong Kong, Hungary, Iceland, Ireland, Israel, Italy, Japan, Kuwait, OPEC (12): Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Luxembourg, Malta, Netherlands, Netherlands Antilles, New Zealand, Nigeria, Qatar, Saudi Arabia, United Arab Emirates and Venezuela.
  8. 8. IntroductionAreas and aggregatesThis Review adopts the most commonly used names for countries and not necessarily the official name.The names used do not in any way indicate the opinion of Eni on the legal status of countries,territories, cities or areas mentioned. The term “country” is used to indicate, when necessary, also aterritory or area. Borders between countries are indicated on the maps and do not imply judgementof any kind or the position of Eni with regard to current international disputes.For operational and analytical purposes, economies are divided among income groups accordingto 2008 Gross National Income (GNI) per capita, calculated using the World Bank Atlas method,in effect until 1st July 2010. The groups are: low income, $975 or less; lower middle income,$976–3,855; upper middle income, $3,856–11,905; and high income, $11,906 or more. Classificationby income does not necessarily reflect development status.Other analytical groups based on geographic regions are also used.Eni regrets that it is not able to supply further information on the data presented in this Review, apartfrom the methodological notes. IntroductionThis Review has been prepared by the Studies and Researches Department. III
  9. 9. Introduction Notes and methods The sources of the data are: Arab Oil & Gas Directory, Bureau of Labor Statistics, Cedigaz, Enerdata, Eni, International Energy Agency, IHS Energy, International Monetary Fund, Italian Ministry for Economic Development, Oil & Gas Journal, PIW, Platt’s, Wood MacKenzie and other official sources. Measurement units used are: thousand barrels per day (oil) and billion cubic metres per year (natural gas). The figures for reserves are expressed in millions of barrels (oil) and billions of cubic metres (natural gas) and refer to proven reserves as at 1st January. The figures for other chapters indicate annual averages. Blank spaces in the tables indicate that the figure was not available, zero indicates a figure that is not significant (except for the chapter “International Trade”). Total may differ from the sum of the individual figures as a result of rounding up/down. In the chapters “Production” and “Consumption” of oil, in some countries figures may include oil from non conventional sources and others sources of supply. The difference between the consumption and the production of oil is given by the change in stocks, the processing gains obtained in refining and the amount of biofuels which is not included in production. Gas production, consumption, exports and imports are assessed by using the same calorific value per cubic metre (39MJ/cm, GCV), in order to make data among countries comparable. In the chapter “Production” of natural gas, the figures concern traded production and do not include quantities of burnt, dispersed or re-injected gas. The data in the chapter “Reserves/production ratios” have been obtained by dividing the reserves of a given year by production for the same year. The calculation of the relation between reserves and oil production: annual production is multiplied by 365; for Saudi Arabia and Kuwait the country production figure is used plus half of the production of the Neutral Zone; for Canada the production level considered is that of conventional oil production.Introduction The figures in the chapter “Per capita consumption” have been obtained by dividing the consumption of a given year by the population in the same year. For oil, annual consumption is multiplied by 365, before being divided by the population. The figures in the chapter “Production/consumption ratios” have been obtained by dividing the production of a given year by consumption for the same year. IV In all the chapters, the list of the “first ten countries” is drawn up by ordering the countries on the basis of the last available year. In the chapters “Reserves/production ratios” and “Production/consumption ratios”, the list of the “first ten countries” is drawn up by selecting the largest producers in the last available year and ordering them on the basis of the value of the reserves/production and production/consumption ratios. In the chapter “Per capita consumption”, the list is drawn up by selecting the largest consumers in the last available year and ordering them by the value of per capita consumption. In the chapters “Exports” and “Imports” of natural gas”, the figures for a country’s exports and imports may differ from those reported in the chapter “International Trade” for the same country, because of the different source of information and the different calorific value attached to the cubic metre. As far as Italy is concerned, the series of gas imports (source of information: Italian Ministry for Economic Development), is not homogeneous because from 1995 to 2001 it includes imports on the basis of the contractual origin of the gas, and from 2002 on, it takes into consideration the country of physical origin. In the chapter “International Trade” of natural gas, trade figures for the United States include also the trade of Portorico. In the chapter “Production quality” figures for total oil production in each area or country do not coincide with the figures in the “Production” chapter. This is due to the exclusion of natural gas liquids and extra heavy crude from the figures for the first (except for Venezuela). Moreover, it has not been possible to allocate or define total production. In some countries the ‘Ultra Light’ category also includes, in total or in part, the production of condensates. For Canada the production includes syncrude. For the definition of the qualitative parameters for single crudes, the data of “Eni R&M Division–San Donato Research Center–Downstream technolo- gies” have been used, wherever possible. Quality levels, indicating API gravity and sulphur content, are defined as follows. Ultra Light API level equal to or greater than 50° and a low sulphur content Light & Sweet API level equal to or greater than 35° and less than 50°; sulphur content less than 0.5% Light & Medium Sour API level equal to or greater than 35° and less than 50°; sulphur content equal to or greater than 0.5% and less than 1% Light & Sour API level equal to or greater than 35° and less than 50°; sulphur content equal to or greater than 1% Medium & Sweet API level equal to or greater than 26° and less than 35°; sulphur content less than 0.5% Medium & Medium Sour API level equal to or greater than 26° and less than 35°; sulphur content equal to or greater than 0.5% and less than 1% Medium & Sour API level equal to or greater than 26° and less than 35°; sulphur content equal to or greater than 1% Heavy & Sweet API level equal to or greater than 10° and less than 26°; sulphur content less than 0.5% Heavy & Medium Sour API level equal to or greater than 10° and less than 26°; sulphur content equal to or greater than 0.5% and less than 1% Heavy & Sour API level equal to or greater than 10° and less than 26°; sulphur content equal to or greater than 1%
  10. 10. Oil in the world Reserves, production and consumption (percentage) 100 90 80 70 60 50 40 30 20 10 0 Reserves 2010 Production 2009 Consumption 2009 Western and Central Europe Central Asia Africa North America Eastern Europe Middle East Asia and the Pacific Latin AmericaNatural gas in the world Reserves, production and consumption (percentage) V 100 90 80 70 60 50 40 30 20 10 0 Reserves 2010 Production 2009 Consumption 2009 Western and Central Europe Central Asia Africa North America Eastern Europe Middle East Asia and the Pacific Latin America
  11. 11. World Oil and Gas Review 2010 Oil
  12. 12. Oil - Production Areas and aggregates Crude and non conventional oil, natural gas liquids (thousand barrels/day) 1998 2000 2005 2007 2008 2009 Europe 13,100 13,639 15,579 15,360 15,026 14,981 Western and Central Europe 6,853 7,000 5,816 5,139 4,889 4,652 Eastern Europe 6,248 6,639 9,764 10,221 10,136 10,328 Central Asia 1,047 1,300 2,055 2,587 2,679 2,946 Middle East 22,943 23,468 25,580 25,387 26,422 24,747 Africa 7,896 7,947 9,903 10,369 10,385 10,003 Asia and the Pacific 7,693 7,842 7,949 8,007 8,098 8,060 Americas 21,603 21,220 21,435 21,343 21,133 21,428 North America 11,043 10,806 10,373 10,805 10,773 11,286 Latin America 10,560 10,414 11,062 10,538 10,360 10,142 World 74,284 75,415 82,501 83,053 83,743 82,165 High income countries 34,904 35,055 35,990 35,206 35,756 34,346 Upper middle income countries 21,139 21,466 26,283 26,485 26,291 26,160Oil – Production Lower middle income countries 17,402 17,910 19,086 20,364 20,772 20,728 Low income countries 839 985 1,142 998 924 931 International Organisations European Union 3,590 3,547 2,758 2,499 2,347 2,187 OECD 21,900 21,947 20,387 19,897 19,334 19,427 OPEC (12) 30,590 30,769 34,709 34,621 35,633 33,363 2 1998 World: 74,284 thousand barrels/day 2009 World: 82,165 thousand barrels/day Western and Central Europe 9.2% Africa 10.6% Western and Central Europe 5.7% Africa 12.2% Eastern Europe 8.4% Asia and the Pacific 10.4% Eastern Europe 12.6% Asia and the Pacific 9.8% Central Asia 1.4% North America 14.9% Central Asia 3.6% North America 13.7% Middle East 30.9% Latin America 14.2% Middle East 30.1% Latin America 12.3%
  13. 13. Oil - Production The first ten countries in the world (*) Crude and non conventional oil, natural gas liquids (thousand barrels/day) 1998 2000 2005 2007 2008 2009 Russia 6,122 6,517 9,636 10,086 10,013 10,210 Saudi Arabia 9,174 9,068 10,604 9,988 10,406 9,310 United States 8,370 8,084 7,321 7,482 7,523 8,068 Iran 3,705 3,760 4,239 4,403 4,344 4,260 China 3,193 3,229 3,609 3,729 3,793 3,791 Canada 2,673 2,723 3,052 3,323 3,251 3,218 Mexico 3,495 3,450 3,760 3,477 3,164 2,972 United Arab Emirates 2,668 2,622 2,995 3,055 3,113 2,789 Brazil 1,248 1,450 1,987 2,221 2,371 2,491 Iraq 2,127 2,582 1,833 2,113 2,409 2,482 First 10 countries 42,776 43,483 49,036 49,877 50,387 49,590 Rest of the World 31,508 31,932 33,464 33,176 33,356 32,575 World 74,284 75,415 82,501 83,053 83,743 82,165 Oil – Production 3 1998 World: 74,284 thousand barrels/day 2009 World: 82,165 thousand barrels/day Iraq 2.9% Iran 5.0% Iraq 3.0% Iran 5.2% Brazil 1.7% United States 11.3% Brazil 3.0% United States 9.8% United Arab Emirates 3.6% Saudi Arabia 12.3% United Arab Emirates 3.4% Saudi Arabia 11.3% Mexico 4.7% Russia 8.2% Mexico 3.6% Russia 12.4% Canada 3.6% Rest of the world 42.4% Canada 3.9% Rest of the world 39.6% China 4.3% China 4.6%(*) Data source: IEA Energy Statistics © OECD/International Energy Agency, 2010.
  14. 14. Oil - Production Countries (*) Crude and non conventional oil, natural gas liquids (thousand barrels/day) 1998 2000 2005 2007 2008 2009 Europe 13,100 13,639 15,579 15,360 15,026 14,981 Albania 7 7 7 7 6 5 Austria 20 20 19 21 20 22 Belorussia 36 37 36 35 35 33 Bulgaria 1 1 1 1 1 1 Croatia 34 30 24 23 22 21 Czech Republic 9 8 12 7 7 7 Denmark 238 363 377 312 287 261 France 39 44 36 22 26 26 Germany 76 86 113 106 96 91 Greece 7 6 2 2 1 1 Hungary 41 38 37 28 30 32 Italy 108 78 125 125 119 102 Netherlands 55 49 47 69 57 43 Norway 3,139 3,346 2,969 2,556 2,461 2,382 Poland 8 15 28 27 28 25 Portugal 0 0 0 2 1 1 Romania 136 131 113 107 100 95 Russia 6,122 6,517 9,636 10,086 10,013 10,210 Serbia and Montenegro 20 18 14 13 12 11Oil – Production Slovakia 1 1 7 5 7 4 Spain 11 5 3 3 3 2 Turkey 62 53 44 41 41 46 Ukraine 89 85 92 100 88 86 United Kingdom 2,842 2,704 1,838 1,663 1,564 1,473 1998 2000 2005 2007 2008 2009 Central Asia 1,047 1,300 2,055 2,587 2,679 2,946 4 Azerbaijan 237 282 449 863 906 1,054 Georgia 2 2 1 1 1 1 Kazakhstan 525 718 1,295 1,418 1,442 1,574 Kyrgyzstan 2 2 2 1 1 1 Tajikistan 1 0 0 0 0 0 Turkmenistan 114 141 189 197 214 205 Uzbekistan 165 155 118 107 115 111 1998 2000 2005 2007 2008 2009 Middle East 22,943 23,468 25,580 25,387 26,422 24,747 Bahrain 173 190 197 194 192 192 Iran 3,705 3,760 4,239 4,403 4,344 4,260 Iraq 2,127 2,582 1,833 2,113 2,409 2,482 Israel 1 0 0 0 0 0 Kuwait 1,926 1,880 2,258 2,293 2,476 2,196 Neutral Zone 559 561 580 557 573 538 Oman 900 959 778 715 754 813 Qatar 751 860 1,240 1,322 1,457 1,489 Saudi Arabia 9,174 9,068 10,604 9,988 10,406 9,310 Syria 576 538 450 415 394 376 United Arab Emirates 2,668 2,622 2,995 3,055 3,113 2,789 Yemen 382 449 406 331 304 302 (*) Data source: IEA Energy Statistics © OECD/International Energy Agency, 2010.
  15. 15. Oil - Production Countries (*) Crude and non conventional oil, natural gas liquids (thousand barrels/day) 1998 2000 2005 2007 2008 2009Africa 7,896 7,947 9,903 10,369 10,385 10,003Algeria 1,431 1,436 1,931 1,943 1,950 1,878Angola 733 745 1,245 1,708 1,893 1,817Benin 1 0 0 0 0 0Cameroon 102 85 82 89 82 74Chad 0 0 170 144 130 120Congo 271 265 246 224 250 273Côte dIvoire 10 7 41 48 50 47Dem. Rep. Congo 26 23 20 17 16 15Egypt 891 847 730 694 702 685Equatorial Guinea 83 114 376 376 350 307Gabon 351 328 209 210 212 228Ghana 7 7 6 6 6 6Libya 1,533 1,471 1,721 1,825 1,840 1,661Mauritania 0 0 0 16 13 15Morocco 6 5 6 5 5 5Nigeria 2,199 2,160 2,518 2,294 2,106 2,097South Africa 158 199 225 205 200 196Sudan 10 177 305 468 476 471Tunisia 84 78 72 98 104 109 Oil – Production 1998 2000 2005 2007 2008 2009Asia and the Pacific 7,693 7,842 7,949 8,007 8,098 8,060Australia 626 802 545 548 551 554Bangladesh 2 4 6 6 6 5Brunei 165 201 202 174 157 154China 3,193 3,229 3,609 3,729 3,793 3,791East Timor 0 0 92 95 104 94India 760 748 774 813 806 797Indonesia 1,546 1,380 1,093 972 999 982 5Japan 18 17 18 20 20 19Malaysia 779 734 758 762 774 740Myanmar 8 12 22 21 19 20New Zealand 54 45 24 45 63 58Pakistan 59 62 74 78 76 75Papua New Guinea 79 64 45 42 38 35Philippines 1 1 25 22 23 30South Korea 8 13 10 13 14 19Taiwan 1 1 1 1 1 1Thailand 150 194 258 318 340 349Vietnam 245 334 392 349 314 336 1998 2000 2005 2007 2008 2009Americas 21,603 21,220 21,435 21,343 21,133 21,428Argentina 898 828 794 768 750 724Barbados 1 1 1 1 1 1Bolivia 46 40 57 50 46 44Brazil 1,248 1,450 1,987 2,221 2,371 2,491Canada 2,673 2,723 3,052 3,323 3,251 3,218Chile 10 10 9 7 7 8Colombia 762 691 530 535 592 675Cuba 30 47 51 51 51 51Ecuador 378 404 534 506 503 472Guatemala 25 21 18 15 14 13Mexico 3,495 3,450 3,760 3,477 3,164 2,972Peru 119 104 116 119 125 145Suriname 10 10 12 19 20 22Trinidad and Tobago 134 138 180 154 152 151United States 8,370 8,084 7,321 7,482 7,523 8,068Venezuela 3,405 3,220 3,011 2,614 2,563 2,374(*) Data source: IEA Energy Statistics © OECD/International Energy Agency, 2010.
  16. 16. Oil - Reserves Areas and aggregates (million barrels as at 1st January) 1998 2000 2005 2007 2008 2009 2010 Europe 69,272 69,822 78,044 76,239 74,906 74,308 74,000 Western and Central Europe 20,106 20,656 17,451 15,646 14,313 13,715 13,407 Eastern Europe 49,166 49,166 60,593 60,593 60,593 60,593 60,593 Central Asia 7,822 7,822 17,227 38,281 38,281 38,281 38,281 Middle East 676,952 675,638 729,341 739,205 748,286 745,998 753,358 Africa 71,253 76,078 101,973 114,073 114,838 117,064 119,114 Asia and the Pacific 42,276 43,986 36,293 33,367 34,350 34,005 40,136 Americas 161,846 152,501 148,847 149,694 156,242 167,923 166,177 North America 35,358 34,602 33,650 34,550 34,742 34,742 31,140 Latin America 126,488 117,899 115,197 115,144 121,500 133,181 135,037 World 1,029,421 1,025,847 1,111,725 1,150,859 1,166,903 1,177,579 1,191,066 High income countries 523,314 526,329 536,668 535,968 541,671 541,040 544,876 Upper middle income countries 224,566 215,779 235,577 259,421 266,683 280,417 281,005 Lower middle income countries 276,027 278,174 333,916 349,343 352,422 349,995 359,058 Low income countries 5,513 5,565 5,564 6,127 6,127 6,127 6,127Oil – Reserves International Organisations European Union 9,077 9,215 8,333 7,147 6,792 6,379 6,115 OECD 95,538 84,945 66,002 63,275 61,321 59,579 57,396 OPEC (12) 799,715 805,027 890,530 910,560 927,629 940,027 951,277 6 1998 World: 1,029,421 million barrels as at 1st January 2010 World: 1,191,066 million barrels as at 1st January Western and Central Europe 2.0% Africa 6.9% Western and Central Europe 1.1% Africa 10.0% Eastern Europe 4.8% Asia and the Pacific 4.1% Eastern Europe 5.1% Asia and the Pacific 3.4% Central Asia 0.8% North America 3.4% Central Asia 3.2% North America 2.6% Middle East 65.8% Latin America 12.3% Middle East 63.3% Latin America 11.3%
  17. 17. Oil - Reserves The first ten countries in the world (*) (million barrels as at 1st January) 1998 2000 2005 2007 2008 2009 2010 Saudi Arabia 261,500 263,500 261,900 262,300 266,751 266,710 262,400 Iran 93,000 89,700 125,800 136,270 138,400 136,150 137,620 Iraq 112,500 112,500 115,000 115,000 115,000 115,000 115,000 Kuwait 96,500 96,500 101,500 101,500 104,000 104,000 104,000 Venezuela (**) 71,700 72,600 77,226 80,012 87,035 99,377 99,377 United Arab Emirates 97,800 97,800 97,800 97,800 97,800 97,800 97,800 Russia 48,573 48,573 60,000 60,000 60,000 60,000 60,000 Libya 29,500 29,500 39,000 41,464 41,464 43,660 44,270 Nigeria 16,800 22,500 35,255 36,220 36,220 36,220 37,200 Kazakhstan 5,417 5,417 9,000 30,000 30,000 30,000 30,000 First 10 countries 833,290 838,590 922,481 960,566 976,670 988,917 987,667 Rest of the World 196,131 187,257 189,244 190,293 190,233 188,662 203,399 World 1,029,421 1,025,847 1,111,725 1,150,859 1,166,903 1,177,579 1,191,066 Oil – Reserves 7 1998 World: 1,029,421 million barrels as at 1st January 2010 World: 1,191,066 million barrels as at 1st January Kazakhstan 0.5% Kuwait 9.4% Kazakhstan 2.5% Kuwait 8.7% Nigeria 1.6% Iraq 10.9% Nigeria 3.1% Iraq 9.7% Libya 2.9% Iran 9.0% Libya 3.7% Iran 11.6% Russia 4.7% Rest of the world 19.1% Russia 5.0% Rest of the world 17.1% United Arab Emirates 9.5% Saudi Arabia 25.4% United Arab Emirates 8.2% Saudi Arabia 22.0% Venezuela 7.0% Venezuela 8.3%(*) Data source: Enerdata Global Energy Market & CO2 Database.(**) Since 2009 proven reserves in the Orinoco Belt are included for about 21,000 million barrels. Projects recently announced or under consideration not included.
  18. 18. Oil - Reserves Countries (*) (million barrels as at 1st January) 1998 2000 2005 2007 2008 2009 2010 Europe 69,272 69,822 78,044 76,239 74,906 74,308 74,000 Albania 165 165 165 198 199 199 199 Austria 90 86 62 50 50 50 50 Belorussia 198 198 198 198 198 198 198 Bulgaria 15 15 15 15 15 15 15 Croatia 55 99 75 74 79 79 73 Czech Republic 6 15 15 15 15 15 15 Denmark 861 1,069 1,320 1,277 1,188 1,060 1,060 France 127 107 147 122 120 103 101 Germany 410 357 394 367 367 276 276 Greece 10 10 7 5 10 10 10 Hungary 128 110 103 20 20 20 27 Italy (**) 620 613 446 434 440 453 509 Lithuania 12 12 12 12 12 12 12 Netherlands 113 107 106 100 100 100 100 Norway 10,400 10,800 8,500 7,849 6,865 6,680 6,680 Poland 40 115 96 96 96 96 96 Romania 1,606 1,426 956 600 600 600 600 Russia 48,573 48,573 60,000 60,000 60,000 60,000 60,000 Serbia and Montenegro 78 78 78 78 78 78 78 Slovakia 9 9 9 9 9 9 9 Spain 30 14 158 150 150 150 150Oil – Reserves Turkey 331 299 300 300 300 300 262 Ukraine 395 395 395 395 395 395 395 United Kingdom 5,000 5,150 4,487 3,875 3,600 3,410 3,085 1998 2000 2005 2007 2008 2009 2010 Central Asia 7,822 7,822 17,227 38,281 38,281 38,281 38,281 Azerbaijan 1,178 1,178 7,000 7,000 7,000 7,000 7,000 8 Georgia 35 35 35 35 35 35 35 Kazakhstan 5,417 5,417 9,000 30,000 30,000 30,000 30,000 Kyrgyzstan 40 40 40 40 40 40 40 Tajikistan 12 12 12 12 12 12 12 Turkmenistan 546 546 546 600 600 600 600 Uzbekistan 594 594 594 594 594 594 594 1998 2000 2005 2007 2008 2009 2010 Middle East 676,952 675,638 729,341 739,205 748,286 745,998 753,358 Bahrain 210 150 125 125 125 125 125 Iran 93,000 89,700 125,800 136,270 138,400 136,150 137,620 Iraq 112,500 112,500 115,000 115,000 115,000 115,000 115,000 Israel 4 4 2 2 2 2 2 Jordan 0 1 1 1 1 1 1 Kuwait 96,500 96,500 101,500 101,500 104,000 104,000 104,000 Oman 5,238 5,283 5,506 5,500 5,500 5,500 5,500 Qatar 3,700 3,700 15,207 15,207 15,207 15,210 25,410 Saudi Arabia 261,500 263,500 261,900 262,300 266,751 266,710 262,400 Syria 2,500 2,500 2,500 2,500 2,500 2,500 2,500 United Arab Emirates 97,800 97,800 97,800 97,800 97,800 97,800 97,800 Yemen 4,000 4,000 4,000 3,000 3,000 3,000 3,000 (*) Data source: Enerdata Global Energy Market & CO2 Database. (**) Data source: the original data are from Italian Ministry for Economic Development. They have been converted by Eni considering 1 ton of oil equal to 7.3 barrels.
  19. 19. Oil - Reserves Countries (*) (million barrels as at 1st January) 1998 2000 2005 2007 2008 2009 2010 Africa 71,253 76,078 101,973 114,073 114,838 117,064 119,114 Algeria 9,200 9,200 11,800 12,270 12,200 12,200 12,200 Angola 5,400 5,412 5,412 8,000 9,035 9,040 9,500 Benin 8 8 8 8 8 8 8 Cameroon 400 400 400 400 200 200 200 Chad 0 0 0 1,500 1,500 1,500 1,500 Congo 1,505 1,506 1,506 1,600 1,600 1,600 1,600 Côte dIvoire 100 100 100 100 100 100 100 Dem. Rep. Congo 187 187 187 180 180 180 180 Egypt 3,835 2,948 3,700 3,700 3,700 3,700 3,700 Equatorial Guinea 1,200 1,200 1,200 1,100 1,100 1,100 1,100 Gabon 2,500 2,499 2,499 2,000 2,000 2,000 2,000 Ghana 17 17 17 15 15 15 15 Libya 29,500 29,500 39,000 41,464 41,464 43,660 44,270 Mauritania 0 0 0 100 100 100 100 Morocco 2 2 2 1 1 1 1 Nigeria 16,800 22,500 35,255 36,220 36,220 36,220 37,200 South Africa 29 29 16 15 15 15 15 Sudan 262 262 563 5,000 5,000 5,000 5,000 Tunisia 308 308 308 400 400 425 425 Oil – Reserves 1998 2000 2005 2007 2008 2009 2010 Asia and the Pacific 42,276 43,986 36,293 33,367 34,350 34,005 40,136 Australia 1,800 2,895 1,491 1,592 1,500 1,500 3,318 Bangladesh 5 57 56 28 28 28 28 Brunei 1,350 1,350 1,350 1,100 1,100 1,100 1,100 China 24,000 24,000 18,250 16,000 16,000 16,000 20,350 India 4,340 4,837 5,417 5,625 5,625 5,624 5,624 Indonesia 4,980 4,980 4,700 4,300 4,370 3,990 3,990 Japan 60 60 59 59 44 44 44 9 Malaysia 3,900 3,900 3,000 3,000 4,000 4,000 4,000 Myanmar 50 50 50 50 50 50 50 New Zealand 145 127 52 53 55 60 60 Pakistan 208 208 289 289 289 339 313 Papua New Guinea 325 333 240 240 88 88 88 Philippines 213 289 152 139 139 139 139 Taiwan 4 4 4 2 2 2 2 Thailand 295 296 583 290 460 441 430 Vietnam 600 600 600 600 600 600 600 1998 2000 2005 2007 2008 2009 2010 Americas 161,846 152,501 148,847 149,694 156,242 167,923 166,177 Argentina 2,588 2,753 2,675 2,468 2,587 2,616 2,520 Barbados 2 3 3 3 2 2 2 Bolivia 132 132 441 440 465 465 465 Brazil 4,800 7,357 10,600 11,773 12,182 12,624 12,802 Canada (**) 4,839 4,931 4,300 5,200 5,392 5,392 4,814 Chile 150 150 150 150 150 150 150 Colombia 2,800 2,577 1,542 1,453 1,506 1,355 1,355 Cuba 255 283 750 124 124 124 124 Ecuador 2,115 2,115 4,630 4,517 4,517 4,660 6,500 Guatemala 488 526 526 83 83 83 83 Mexico 40,000 28,400 14,600 12,352 11,650 10,501 10,404 Peru 800 324 953 930 383 416 447 Suriname 74 74 111 111 88 80 80 Trinidad and Tobago 584 605 990 728 728 728 728 United States 30,519 29,671 29,350 29,350 29,350 29,350 26,326 Venezuela (***) 71,700 72,600 77,226 80,012 87,035 99,377 99,377(*) Data source: Enerdata Global Energy Market & CO2 Database.(**) Data source: Oil & Gas Journal. Oil sands not included. According to the Canadian Association of Petroleum Producers, in 2010 oil sands reserves are 170,400 million barrels.(***) Since 2009 proven reserves in the Orinoco Belt are included for about 21,000 million barrels. Projects recently announced or under consideration not included.
  20. 20. Oil - Reserves/production ratios Areas and aggregates (years) 1998 2000 2005 2007 2008 2009 Europe 14 14 14 14 14 14 Western and Central Europe 8 8 8 8 8 8 Eastern Europe 22 20 17 16 16 16 Central Asia 20 16 23 41 39 36 Middle East 81 79 78 80 78 83 Africa 25 26 28 30 30 32 Asia and the Pacific 15 15 13 11 12 12 Americas 21 20 20 20 21 23 North America 09 09 10 10 10 10Oil – Reserves/production ratios Latin America 33 31 29 30 32 36 World 38 38 37 39 39 40 High income countries 41 41 41 42 42 43 Upper middle income countries 29 28 25 27 28 29 Lower middle income countries 43 43 48 47 46 46 Low income countries 18 15 13 17 18 18 International Organisations European Union 7 7 8 8 8 8 OECD 12 11 9 9 9 9 OPEC (12) 72 72 70 72 71 77 10 1998 World: 38 years 2009 World: 40 years 100 80 60 40 20 0 World Middle East Latin America Central Asia Africa Eastern Europe Asia and North America Western and the Paci c Central Europe 1998 2009
  21. 21. Oil - Reserves/production ratios The first ten countries in the world (*) (years) 1998 2000 2005 2007 2008 2009 Iraq 145 119 172 149 131 127 United Arab Emirates 100 102 89 88 86 96 Iran 69 65 81 85 87 88 Saudi Arabia 76 77 66 70 68 76 Russia 22 20 17 16 16 16 Brazil 11 14 15 15 14 14 China 21 20 14 12 12 12 United States 10 10 11 11 11 10 Mexico 31 23 11 10 10 10 Canada 6 6 6 7 7 8 Oil – Reserves/production ratios 11 1998 World: 38 years 2009 World: 40 years150120 90 60 30 0 Iraq United Arab Iran Saudi Arabia Russia Brazil China United States Mexico Canada Emirates 1998 2009 (*) Data source: Eni’s calculations. The original data are from Enerdata Global Energy Market & CO2 Database and IEA Energy Statistics © OECD/International Energy Agency, 2010.

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