Ratio of oil reserves to production was greatest in South and Central America, with 151.3 years. This means that at the current level of production, South and Central America's oil reserves will last another roughly 151 years before being depleted. By comparison, Europe's oil reserve to production ratio stood at 10.4 years.
Oil reserves to production ratio worldwide in 2020, by region*
(in years)
Characteristic
Reserves to production ratio in years
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BP. (July 8, 2021). Oil reserves to production ratio worldwide in 2020, by region* (in years) [Graph]. In Statista. Retrieved July 07, 2024, from https://www.statista.com/statistics/682010/reserves-to-production-oil-ratio-worldwide-by-region/
BP. "Oil reserves to production ratio worldwide in 2020, by region* (in years)." Chart. July 8, 2021. Statista. Accessed July 07, 2024. https://www.statista.com/statistics/682010/reserves-to-production-oil-ratio-worldwide-by-region/
BP. (2021). Oil reserves to production ratio worldwide in 2020, by region* (in years). Statista. Statista Inc.. Accessed: July 07, 2024. https://www.statista.com/statistics/682010/reserves-to-production-oil-ratio-worldwide-by-region/
BP. "Oil Reserves to Production Ratio Worldwide in 2020, by Region* (in Years)." Statista, Statista Inc., 8 Jul 2021, https://www.statista.com/statistics/682010/reserves-to-production-oil-ratio-worldwide-by-region/
BP, Oil reserves to production ratio worldwide in 2020, by region* (in years) Statista, https://www.statista.com/statistics/682010/reserves-to-production-oil-ratio-worldwide-by-region/ (last visited July 07, 2024)
Oil reserves to production ratio worldwide in 2020, by region* (in years) [Graph], BP, July 8, 2021. [Online]. Available: https://www.statista.com/statistics/682010/reserves-to-production-oil-ratio-worldwide-by-region/