There were around 1.8 billion barrels of proved oil reserves in the United Kingdom as of 2022. 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 2022
(in million barrels)
Characteristic
Proved reserves in million barrels
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OPEC. (December 14, 2023). Proved oil reserves in the United Kingdom (UK) in select years from 1960 to 2022 (in million barrels) [Graph]. In Statista. Retrieved July 03, 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 2022 (in million barrels)." Chart. December 14, 2023. Statista. Accessed July 03, 2024. https://www.statista.com/statistics/331958/proved-reserves-of-oil-in-the-united-kingdom-uk/
OPEC. (2023). Proved oil reserves in the United Kingdom (UK) in select years from 1960 to 2022 (in million barrels). Statista. Statista Inc.. Accessed: July 03, 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 2022 (in Million Barrels)." Statista, Statista Inc., 14 Dec 2023, 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 2022 (in million barrels) Statista, https://www.statista.com/statistics/331958/proved-reserves-of-oil-in-the-united-kingdom-uk/ (last visited July 03, 2024)
Proved oil reserves in the United Kingdom (UK) in select years from 1960 to 2022 (in million barrels) [Graph], OPEC, December 14, 2023. [Online]. Available: https://www.statista.com/statistics/331958/proved-reserves-of-oil-in-the-united-kingdom-uk/