Oil reserves in Chile
Chile: Oil reserves was 23.85 million cubic meters in 2021. ◆ Volatile
Oil reserves in Chile, 1980–2021
Source: U.S. Energy Information Administration (2022) – with major processing by Our World in Data. Measured in cubic meters.
Analysis
In 2021, oil reserves in Chile stood at 23.85 million cubic meters. That is the lowest value across all 42 years on record.
That represents a change of unchanged over ten years.
Over the whole period, oil reserves in Chile peaked at 125.60 million cubic meters in 1982 and was at its lowest, 23.85 million cubic meters, in 1998.
That places Chile 61st out of 216 countries with data for 2021, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Oil reserves in Chile, year by year
| Year | cubic meters | Change |
|---|---|---|
| 1980 | 63.59 million cubic meters | — |
| 1981 | 63.59 million cubic meters | +0.0% |
| 1982 | 125.60 million cubic meters | +97.5% |
| 1983 | 120.83 million cubic meters | -3.8% |
| 1984 | 118.92 million cubic meters | -1.6% |
| 1985 | 117.02 million cubic meters | -1.6% |
| 1986 | 115.42 million cubic meters | -1.4% |
| 1987 | 46.11 million cubic meters | -60.1% |
| 1988 | 46.11 million cubic meters | +0.0% |
| 1989 | 45.63 million cubic meters | -1.0% |
| 1990 | 47.70 million cubic meters | +4.5% |
| 1991 | 47.70 million cubic meters | +0.0% |
| 1992 | 47.70 million cubic meters | +0.0% |
| 1993 | 47.70 million cubic meters | +0.0% |
| 1994 | 47.70 million cubic meters | +0.0% |
| 1995 | 47.70 million cubic meters | +0.0% |
| 1996 | 47.70 million cubic meters | +0.0% |
| 1997 | 47.70 million cubic meters | +0.0% |
| 1998 | 23.85 million cubic meters | -50.0% |
| 1999 | 23.85 million cubic meters | +0.0% |
| 2000 | 23.85 million cubic meters | +0.0% |
| 2001 | 23.85 million cubic meters | +0.0% |
| 2002 | 23.85 million cubic meters | +0.0% |
| 2003 | 23.85 million cubic meters | +0.0% |
| 2004 | 23.85 million cubic meters | +0.0% |
| 2005 | 23.85 million cubic meters | +0.0% |
| 2006 | 23.85 million cubic meters | +0.0% |
| 2007 | 23.85 million cubic meters | +0.0% |
| 2008 | 23.85 million cubic meters | +0.0% |
| 2009 | 23.85 million cubic meters | +0.0% |
| 2010 | 23.85 million cubic meters | +0.0% |
| 2011 | 23.85 million cubic meters | +0.0% |
| 2012 | 23.85 million cubic meters | +0.0% |
| 2013 | 23.85 million cubic meters | +0.0% |
| 2014 | 23.85 million cubic meters | +0.0% |
| 2015 | 23.85 million cubic meters | +0.0% |
| 2016 | 23.85 million cubic meters | +0.0% |
| 2017 | 23.85 million cubic meters | +0.0% |
| 2018 | 23.85 million cubic meters | +0.0% |
| 2019 | 23.85 million cubic meters | +0.0% |
| 2020 | 23.85 million cubic meters | +0.0% |
| 2021 | 23.85 million cubic meters | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 86.28 million cubic meters | 45.63 million cubic meters | 125.60 million cubic meters | 10 |
| 1990s | 42.93 million cubic meters | 23.85 million cubic meters | 47.70 million cubic meters | 10 |
| 2000s | 23.85 million cubic meters | 23.85 million cubic meters | 23.85 million cubic meters | 10 |
| 2010s | 23.85 million cubic meters | 23.85 million cubic meters | 23.85 million cubic meters | 10 |
| 2020s | 23.85 million cubic meters | 23.85 million cubic meters | 23.85 million cubic meters | 2 |
Countries ranked near Chile
- 58 Bahrain 29.65 million cubic meters compare
- 59 Democratic Republic of Congo 28.62 million cubic meters compare
- 60 Papua New Guinea 25.38 million cubic meters compare
- 61 Albania 23.85 million cubic meters compare
- 61 Niger 23.85 million cubic meters compare
- 61 Spain 23.85 million cubic meters compare
More energy & mining data for Chile
- Fossil fuel consumption by fuel, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, annual growth rate 0.972 % change on previous year (2025)
- Coal consumption, per capita 0 terawatt-hours per person (2025)
- Coal consumption, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, per capita 0 terawatt-hours per person (2025)
- Coal production, per capita 0 terawatt-hours per person (2024)
- Coal production, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Fossil fuel consumption by fuel, per capita 0 terawatt-hours per person (2025)
- Fuel imports 15.5% (2025)
Frequently asked questions
- What is oil reserves in Chile?
- Oil reserves in Chile was 23.85 million cubic meters in 2021, according to U.S. Energy Information Administration (2022) – with major processing by Our World in Data.
- What is the highest oil reserves recorded in Chile?
- The highest recorded value was 125.60 million cubic meters in 1982.
- What is the lowest oil reserves recorded in Chile?
- The lowest recorded value was 23.85 million cubic meters in 1998.
- How does Chile rank for oil reserves?
- Chile ranks 61st out of 216 countries with data for 2021.
- Is oil reserves rising or falling in Chile?
- Over the last ten years it is unchanged. The long-run trend across the full record is volatile.
- Where does this Chile data come from?
- The figures come from U.S. Energy Information Administration (2022) – with major processing by Our World in Data, published as part of Oil reserves. Statizoid updates them automatically from the source API.
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About this data
Proved reserves, measured in cubic meters, are generally those quantities that can be recovered in the future from known reservoirs under existing economic and operating conditions, according to geological and engineering information. Includes crude oil and lease condensate.