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)
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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 November 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 November 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: November 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 November 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 
