Brazil: Oil reserves

For that indicator, we provide data for Brazil from 1980 to 2021. The average value for Brazil during that period was 7.66 billion barrels with a minimum of 1.22 billion barrels in 1980 and a maximum of 16.18 billion barrels in 2016. The latest value from 2021 is 12.71 billion barrels. For comparison, the world average in 2021 based on 187 countries is 9.09 billion barrels. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: Proved reserves of crude oil are the estimated quantities of all liquids defined as crude oil, which geological and engineering data demonstrate with reasonable certainty to be recoverable in future years from reservoirs under existing economic and operating conditions.