Current Worldwide Reserves-to-production ratio of Oil

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This chart shows the Current World Reserves-to-production ratio of Oil.

Current World Reserves-to-production ratio of Oil: 42.11 Years

What Does Reserves to Production Ratio Mean?

A ratio indicating the remaining lifespan of a natural resource. This ratio is expressed in terms of years, and is used in forecasting the future availability of a resource to determine project life, income, employment etc. While applicable to all natural resources, it is primarily used in the oil and gas industry.

RPR = amount of known resource/amount used per year

Last updated: 5 months ago

Category: Energy

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Citation: ChartsBin statistics collector team 2009, Current Worldwide Reserves-to-production ratio of Oil, ChartsBin, viewed 13th March, 2010, <http://chartsbin.com/view/7r4>.

Source

The Editor, BP Statistical Review of World Energy 2009, BP Statistical Reviewof World Energy, June 2009, BP p.l.c., London, UK, viewed 10th September, 2009, <http://bp.com/statisticalreview>.

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