There were around 1.5 billion barrels of proved oil reserves in the United Kingdom as of 2023. This was the lowest value in the last six decades, with a notable decrease since the early 2000s. Many of the UK's reserves, which are largely located offshore in the North Sea, have been depleted.
Proved oil reserves in the United Kingdom (UK) in select years from 1960 to 2023
(in million barrels)
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
OPEC. (July 1, 2024). Proved oil reserves in the United Kingdom (UK) in select years from 1960 to 2023 (in million barrels) [Graph]. In Statista. Retrieved December 23, 2024, from https://www.statista.com/statistics/331958/proved-reserves-of-oil-in-the-united-kingdom-uk/
OPEC. "Proved oil reserves in the United Kingdom (UK) in select years from 1960 to 2023 (in million barrels)." Chart. July 1, 2024. Statista. Accessed December 23, 2024. https://www.statista.com/statistics/331958/proved-reserves-of-oil-in-the-united-kingdom-uk/
OPEC. (2024). Proved oil reserves in the United Kingdom (UK) in select years from 1960 to 2023 (in million barrels). Statista. Statista Inc.. Accessed: December 23, 2024. https://www.statista.com/statistics/331958/proved-reserves-of-oil-in-the-united-kingdom-uk/
OPEC. "Proved Oil Reserves in The United Kingdom (Uk) in Select Years from 1960 to 2023 (in Million Barrels)." Statista, Statista Inc., 1 Jul 2024, https://www.statista.com/statistics/331958/proved-reserves-of-oil-in-the-united-kingdom-uk/
OPEC, Proved oil reserves in the United Kingdom (UK) in select years from 1960 to 2023 (in million barrels) Statista, https://www.statista.com/statistics/331958/proved-reserves-of-oil-in-the-united-kingdom-uk/ (last visited December 23, 2024)
Proved oil reserves in the United Kingdom (UK) in select years from 1960 to 2023 (in million barrels) [Graph], OPEC, July 1, 2024. [Online]. Available: https://www.statista.com/statistics/331958/proved-reserves-of-oil-in-the-united-kingdom-uk/
Oil industry in the UK 
