New Zealand: Oil reserves
(measure: billion barrels; Source: The U.S. Energy Information Administration)
* indicates monthly or quarterly data series
New Zealand: Oil reserves, billion barrels: For that indicator, The U.S. Energy Information Administration provides data for New Zealand from 1980 to 2019. The average value for New Zealand during that period was 0.12 billion barrels with a minumum of 0.05 billion barrels in 2004 and a maximum of 0.2 billion barrels in 1981. 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.