Proved reserves of crude oil fell 16.8% to 1.19 bil barrels in Australia in 2015, according to EIA.
Historically, proved reserves of crude oil in Australia reached an all time high of 3.50 bil barrels in 2002 and an all time low of 1.19 bil barrels in 2015. When compared to Australia's main peers, proved reserves of crude oil in Indonesia amounted to 3.69 bil barrels, 4.00 bil barrels in Malaysia, 0.067 bil barrels in New Zealand and 0.175 bil barrels in Papua New Guinea in 2015.
Australia has been ranked 36th within the group of 95 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 | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
| 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 | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
| 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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