Oil reserves in United Kingdom

United Kingdom: Oil reserves was 397.47 million cubic meters in 2021. ◆ Volatile

Latest (2021)
397.47 million cubic meters
Change on year
down 7.4%
World rank
30th
of 215 countries
All-time high
2.45 billion cubic meters
in 1980
All-time low
397.47 million cubic meters
in 2018
Years of data
42
1980–2021

Oil reserves in United Kingdom, 1980–2021

500.0M1.0B1.5B2.0B2.5B1980200020211980: 2.4B cubic meters1981: 2.4B cubic meters1982: 2.4B cubic meters1983: 2.2B cubic meters1984: 2.1B cubic meters1985: 2.2B cubic meters1986: 2.1B cubic meters1987: 1.4B cubic meters1988: 826.7M cubic meters1989: 822.8M cubic meters1990: 676.6M cubic meters1991: 608.1M cubic meters1992: 635.0M cubic meters1993: 658.8M cubic meters1994: 724.1M cubic meters1995: 718.1M cubic meters1996: 682.5M cubic meters1997: 718.1M cubic meters1998: 795.4M cubic meters1999: 825.3M cubic meters2000: 819.3M cubic meters2001: 795.4M cubic meters2002: 783.8M cubic meters2003: 749.6M cubic meters2004: 741.7M cubic meters2005: 713.4M cubic meters2006: 640.6M cubic meters2007: 616.1M cubic meters2008: 572.4M cubic meters2009: 542.1M cubic meters2010: 490.4M cubic meters2011: 454.3M cubic meters2012: 449.5M cubic meters2013: 496.4M cubic meters2014: 473.6M cubic meters2015: 474.1M cubic meters2016: 438.0M cubic meters2017: 407.7M cubic meters2018: 397.5M cubic meters2019: 397.5M cubic meters2020: 429.3M cubic meters2021: 397.5M cubic meters

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 United Kingdom stood at 397.47 million cubic meters. That is the lowest value across all 42 years on record.

That represents a change of down 7.4% on the previous year and down 12.5% over ten years.

Over the whole period, oil reserves in United Kingdom peaked at 2.45 billion cubic meters in 1980 and was at its lowest, 397.47 million cubic meters, in 2018.

United Kingdom ranks 30th of 215 countries on this measure, in the top quarter.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
1980s 1.88 billion cubic meters 822.76 million cubic meters 2.45 billion cubic meters 10
1990s 704.21 million cubic meters 608.13 million cubic meters 825.28 million cubic meters 10
2000s 697.44 million cubic meters 542.15 million cubic meters 819.30 million cubic meters 10
2010s 447.90 million cubic meters 397.47 million cubic meters 496.40 million cubic meters 10
2020s 413.37 million cubic meters 397.47 million cubic meters 429.27 million cubic meters 2

Countries ranked near United Kingdom

  1. 27 Egypt 524.66 million cubic meters compare
  2. 28 Yemen 476.96 million cubic meters compare
  3. 29 Congo 458.20 million cubic meters compare
  4. 30 Syria 397.47 million cubic meters compare
  5. 30 Uganda 397.47 million cubic meters compare
  6. 33 Argentina 394.72 million cubic meters compare

See the full ranking of 216 places →

More energy & mining data for United Kingdom

All data for United Kingdom →

Frequently asked questions

What is oil reserves in United Kingdom?
Oil reserves in United Kingdom was 397.47 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 United Kingdom?
The highest recorded value was 2.45 billion cubic meters in 1980.
What is the lowest oil reserves recorded in United Kingdom?
The lowest recorded value was 397.47 million cubic meters in 2018.
How does United Kingdom rank for oil reserves?
United Kingdom ranks 30th out of 215 countries with data for 2021.
Is oil reserves rising or falling in United Kingdom?
Over the last ten years it is down 12.5%. The long-run trend across the full record is volatile.
Where does this United Kingdom 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

Indicator
Oil reserves
Unit
cubic meters
Source
U.S. Energy Information Administration (2022) – with major processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
216 places, 8,283 data points, 1980–2021
Last refreshed

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.