Oil reserves in Philippines
Philippines: Oil reserves was 22.02 million cubic meters in 2021. ◆ Volatile
Oil reserves in Philippines, 1980–2021
Source: U.S. Energy Information Administration (2022) – with major processing by Our World in Data. Measured in cubic meters.
Analysis
The most recent figure for oil reserves in Philippines is 22.02 million cubic meters, measured in 2021.
That represents a change of unchanged over ten years.
Over the whole period, oil reserves in Philippines peaked at 45.95 million cubic meters in 2000 and was at its lowest, 2.38 million cubic meters, in 1990.
That places Philippines 65th out of 215 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.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 3.20 million cubic meters | 2.51 million cubic meters | 5.66 million cubic meters | 10 |
| 1990s | 25.87 million cubic meters | 2.38 million cubic meters | 44.36 million cubic meters | 10 |
| 2000s | 28.08 million cubic meters | 22.02 million cubic meters | 45.95 million cubic meters | 10 |
| 2010s | 22.02 million cubic meters | 22.02 million cubic meters | 22.02 million cubic meters | 10 |
| 2020s | 22.02 million cubic meters | 22.02 million cubic meters | 22.02 million cubic meters | 2 |
Countries ranked near Philippines
More energy & mining data for Philippines
- Fuel imports 15.0% (2024)
- Ores and metals imports 4.2% (2024)
- Ores and metals exports 7.5% (2024)
- Gas production 17.77 terawatt-hours (2024)
- Fossil fuel production per person, by fuel 153.4 kilowatt-hours per person (2024)
- Fossil fuel production by fuel 17.77 terawatt-hours (2024)
- Gas production per person 153.4 kilowatt-hours per person (2024)
- Fuel exports 1.3% (2024)
- Electric power transmission and distribution losses 10.0% (2023)
- Share of dietary energy supply from carbohydrates vs. GDP per capita 72.1% (2023)
Frequently asked questions
- What is oil reserves in Philippines?
- Oil reserves in Philippines was 22.02 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 Philippines?
- The highest recorded value was 45.95 million cubic meters in 2000.
- What is the lowest oil reserves recorded in Philippines?
- The lowest recorded value was 2.38 million cubic meters in 1990.
- How does Philippines rank for oil reserves?
- Philippines ranks 65th out of 215 countries with data for 2021.
- Is oil reserves rising or falling in Philippines?
- Over the last ten years it is unchanged. The long-run trend across the full record is volatile.
- Where does this Philippines 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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CSV · JSON — 42 observations, free to reuse under CC BY 4.0 (Our World in Data).
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.