Share this article

Brazil holds the top spot among the top ten countries with the largest remaining recoverable ultra-deepwater oil reserves, with 20,462 million barrels expected to be economically recovered in the country. The US, Angola and Nigeria follow with 8,426 million barrels, 1,797 million barrels, and 1,602 million barrels respectively. GlobalData estimates that the top ten countries hold 35,182 million barrels of economically remaining recoverable ultra-deepwater reserves.

GlobalData reports that over 96% of remaining recoverable reserves held by the top ten countries are represented by conventional oil at 33,818 million barrels. Heavy oil reserves across the ten countries stand at 1.3% (627 million barrels), associated oil from conventional gas fields represents 2.5% (880 million barrels).

About 35,000 million barrels will be produced from top ten countries from ultra-deepwater developments. Nigeria has the highest remaining break-even oil price at $69 per barrel for ultra-deepwater reserves followed by Mexico with the second highest break-even oil price at $62 per barrel. The US has the lowest remaining break-even oil price among the top ten countries with $27 per barrel followed by Cote d’Ivoire with $29 per barrel.

Top Ten Countries With Remaining Recoverable Ultra-Deepwater Reserves

Source: Upstream Analytics                                                                                      © GlobalData

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData