Crude oil reserves in West Africa 2013-2021

Published by
Doris Dokua Sasu
,
Dec 27, 2024
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)

CharacteristicOil reserves in billion barrels
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Showing entries 1 to 9 (9 entries in total)
Statistic: Proved crude oil reserves in West Africa from 2013 to 2021 (in billion barrels)

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Sources

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Release date

May 2022

Region

Cameroon, Benin, Ghana, Ivory Coast, Niger, Nigeria

Survey time period

2013 to 2021

Special properties

crude oil includes lease condensate

Supplementary notes

Figures have been rounded.

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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