Proved reserves of crude oil fell 11.2% to 0.057 bil barrels in New Zealand in 2017, according to EIA.
Historically, proved reserves of crude oil in New Zealand reached an all time high of 0.209 bil barrels in 1991 and an all time low of 0.051 bil barrels in 2005. When compared to New Zealand's main peers, proved reserves of crude oil in Australia amounted to 1.82 bil barrels, 3.23 bil barrels in Indonesia, 3.60 bil barrels in Malaysia and 0.139 bil barrels in Philippines in 2017.
New Zealand has been ranked 75th within the group of 96 countries we follow in terms of proved reserves of crude oil, 2 places below the position seen 10 years ago.
| Proved Reserves of Crude Oil | Unit | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
| Australia | bil barrels | 3.32 | 1.43 | 1.43 | 1.43 | 1.19 | ||||||||||||||||
| Cambodia | bil barrels | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
| China | bil barrels | 20.4 | 20.4 | 23.7 | 24.4 | 24.6 | ||||||||||||||||
| Indonesia | bil barrels | 3.99 | 3.89 | 4.03 | 3.74 | 3.69 | ||||||||||||||||
| Malaysia | bil barrels | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | ||||||||||||||||
| New Zealand | bil barrels | 0.113 | 0.096 | 0.081 | 0.078 | 0.067 | ||||||||||||||||
| Papua New Guinea | bil barrels | 0.088 | 0.182 | 0.154 | 0.186 | 0.175 | ||||||||||||||||
| Philippines | bil barrels | 0.139 | 0.139 | 0.139 | 0.139 | 0.139 | ||||||||||||||||
| Singapore | bil barrels | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
| Taiwan | bil barrels | 0.002 | 0.002 | 0.002 | 0.002 | 0.002 | ||||||||||||||||
| Thailand | bil barrels | 0.435 | 0.442 | 0.453 | 0.449 | 0.461 | ||||||||||||||||
| Vietnam | bil barrels | 0.600 | 4.40 | 4.40 | 4.40 | 4.40 |
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