This page has been archived and commenting is disabled.

Visual Atlas Of Distressed Oil Production

Tyler Durden's picture




 

As recent developments out of Libya have demonstrated, when geopolitics and oil production mix, the resultant product is quite explosive. And as more protests are sure to spread to other countries in the region (with Saudi of course being the key domino whose potential fall would send crude well over $200), below we present a summary atlas of the key production capacities in both crude and gas, as well as proven reserves of all the countries in the MENA region. At this point, with Libya largely priced in, all attention should once again shift to developments in Bahrain, which contrary to the media black out, have not been put under control even remotely. The rumored fact that Al Jazeera may have allegedly received a "request" from Saudi Arabia to not cover recent events is a different story altogether.




Morocco

Population: 31.6 million
GDP per capita $2,868
Proven crude reserves: 100 million barrels
Gas reserves: 1.5 billion cubic meters
Crude production: 4,053 b/d (ie, 0.004 mil b/d)
Gas production: 60 million cubic meters/year








Algeria
OPEC
Population: 35.4 million
GDP per capita $4,478
Proven crude reserves: 12.2 billion barrels
Gas reserves:  4.5 trillion cubic meters
Crude production:  1.26 million b/d
Gas production:  81.43 billion cubic meters/year

 


Tunisia

Population: 10.6 million
GDP per capita $4,160
Proven crude reserves: 0.6 billion barrels
Gas reserves: 2.97 billion cubic meters
Crude production: 86,000 b/d
Gas production: 65.13 billion cubic meters/year








Libya
OPEC
Population: 6.41 million
GDP per capita $12,062
Proven crude reserves: 46.42 billion barrels
Gas reserves: 1.55 trillion cubic meters
Crude production: 1.58 million b/d
Gas production: 15.9 billion cubic meters/year




Egypt

Population: 80.5 million
GDP per capita $2,771
Proven crude reserves: 4.4 billion barrels
Gas reserves:   
Crude production: 742,000 b/d
Gas production: 62.7 billion cubic meters/year




Jordan:

Population: 6.4 million
GDP per capita $4,434
Gas reserves: 2.97 billion cubic meters
Gas production: 250 cubic meters/year




Syria

Population: 22.2 million
GDP per capita $2,892
Proven crude reserves: 2.5 billion barrels
Gas reserves:   
Crude production: 376,000 b/d
Gas production: 5.8 billion cubic meters/year




Saudi Arabia
OPEC
Population: 25.4 million
GDP per capita $16,641
Proven crude reserves: 264.59 billion barrels
Gas reserves:   7.9 trillion cubic meters
Crude production: 8.4 million b/d
Gas production: 78.45 billion cubic meters/year




Yemen

Population: 23.5 million
GDP per capita $1,231
Proven crude reserves: 2.7 billion barrels
Gas reserves: 0.49 trillion cubic meters
Crude production: 298,000 b/d
Gas production: 454,700 cubic meters/year




Oman

Population: 2.97 million
GDP per capita $18,041
Proven crude reserves: 5.6 billion barrels
Gas reserves:   
Crude production: 810,000 b/d
Gas production: 24.8 billion cubic meters/year




UAE
OPEC
Population: 4.62 million
GDP per capita $47,407
Proven crude reserves: 97.8 billion barrels
Gas reserves:   
Crude production: 2.34 million b/d
Gas production: 48.84 billion cubic meters/year




Qatar
OPEC
Population: 1.64 million
GDP per capita $74,423
Proven crude reserves: 25.38 billion barrels
Gas reserves:  25.4 trillion cubic meters
Crude production: 820,000 b/d
Gas production: 89.3 billion cubic meters/year




Bahrain

Population: 38,004
GDP per capita $19,641
Proven crude r eserves:
Gas reserves: 0.09 trillion cubic meters
Crude production: 48,560 b/d
Gas production: 12.8 billion cubic meters/year




Kuwait
OPEC
Population: 3.48 million
GDP per capita $32,530
Proven crude reserves: 101.5 billion barrels
Gas reserves:   
Crude production: 2.31 million b/d
Gas production: 11.49 billion cubic meters/year




Iraq
OPEC
Population: 31.23 million
GDP per capita $2,626
Proven crude reserves: 115 billion barrels
Gas reserves:   
Crude production: 2.66 million b/d
Gas production: 1.15 billion cubic meters/year




Iran
OPEC
Population: 74.1 million
GDP per capita $4,484
Proven crude reserves: 137 billion barrels
Gas reserves:   
Crude production: 3.66 million b/d
Gas production: 175.7 billion cubic meters/year

 

(via Platts)

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Fri, 02/25/2011 - 09:31 | 996576 papaswamp
papaswamp's picture

Big miss on GDP...2.8%

Fri, 02/25/2011 - 09:34 | 996579 johnQpublic
johnQpublic's picture

i'm noticing the daily production numbers vs. proven reserves....some countrys seem to have reserves that would not allow for production at these rates for more than 100 days

 

am i missing something?

Fri, 02/25/2011 - 09:34 | 996582 Grimbert
Grimbert's picture

millions v billions

Fri, 02/25/2011 - 09:36 | 996596 johnQpublic
johnQpublic's picture

TY

Fri, 02/25/2011 - 09:36 | 996592 johnQpublic
johnQpublic's picture

read billion as million...i'm wrong

Fri, 02/25/2011 - 09:40 | 996602 alpha60
alpha60's picture

a billion is about a thousand millions.

Fri, 02/25/2011 - 11:16 | 996841 Simen
Simen's picture

...but only if you're paying.

 

-S

Fri, 02/25/2011 - 12:44 | 997129 Cpl Hicks
Cpl Hicks's picture

About; give or take a million or so for the baksheesh.

Allah'u akbar

Fri, 02/25/2011 - 10:45 | 996593 Oh regional Indian
Oh regional Indian's picture

So Libya took it to the heart of Europe and SA will be the trigger for the US of A. Or so the cookie crumbs are telling me. And the tea leaves. Slow burn, March 20th, such an odd date to choose, being th evernal equinox and all.

Big dislocation in the days ahead.

ORI

http://aadivaahan.wordpress.com/2011/02/25/wisdom-for-warriors-7/

Fri, 02/25/2011 - 09:42 | 996608 Byte Me
Byte Me's picture

TD

Gas prod for Jordan needs an u/d?

One camel can produce 250 cu meters/ year - easily.

Fri, 02/25/2011 - 10:40 | 996753 Doubleguns
Doubleguns's picture

Yes, but they don't plug thier camels in at night. Shameful waste.

Fri, 02/25/2011 - 09:51 | 996628 savagegoose
savagegoose's picture

wow Quatar looks pretty safe, wonder if they need imigrants

Fri, 02/25/2011 - 11:03 | 996814 Lets Hang Parliament
Lets Hang Parliament's picture

My guess is that Qatar will be next as it hosts the first round of the 2011 Moto GP on March 20th. Followed by default at the Spanish Moto GP on April 3rd ditto Japan on April 24th and then Portugal on May 1st and Italy on July 3rd. Turning to the F1 calendar we have Belgium on August 28th, India on October 30th and finally Abu Dhabi on November 13th. Market timing made easy!

Fri, 02/25/2011 - 10:12 | 996675 Josh Randall
Josh Randall's picture

I am starting to be skeptical of Kermit's Teflon Twenty -- because no way these people will have money for Chipotle or AAPL stocks with all this tumoil.

Fri, 02/25/2011 - 10:13 | 996676 NOTW777
NOTW777's picture

as far as "distressed" production, US is a big omission.

our production has been crippled by obama.  expert this morning on cnbc rattled off an entire list of purposeful admin actions to cripple production and increase price including a contempt of court re gulf; becky quick immediately responded in zombie like fashion that it wasnt obamas fault

we have plenty of energy sources right here waiting for exploitation

Fri, 02/25/2011 - 10:44 | 996762 Flakmeister
Flakmeister's picture

Pray tell, what are these wonderful sources?

Fri, 02/25/2011 - 11:26 | 996873 krispkritter
krispkritter's picture

One, apparently, is the Strategic Petroleum Reserves. Seems some Democrats are asking Obama to open the spigot as they did in '08(?). At 727 million barrels(potentially), it's not a small amount but then that opens up some questions: How long would they leave the spigot open? What effect would it have on US gas prices? World oil prices? If it has no long lasting effect(or any) on foreign oil prices, how much is it going to cost the taxpayer to refill that tank later? Input...?

Fri, 02/25/2011 - 11:51 | 996957 Flakmeister
Flakmeister's picture

Well, there is a reason it is called "Strategic". 

Back of the envelope, Non NAFTA imports ~7 mmbd , so the SPR is about 100 days at current consumption. So yeah, you could drive down WTI while Brent soared for a bit. But there is no guarentee that it could refilled without driving up the price from the extra demand on the open market.    

Fri, 02/25/2011 - 12:35 | 997100 still kicking
still kicking's picture

WTI is priced based on the Cushing pricing point, Cushing is overflowing with oil, the price has nothing to do with availability of crude in the US.  Opening the strategic reserves won't do anything unless we ramp up usage in the US or until pipeline companies complete plans to pump crude to the gulf and load cargo ships to take advantage of the Brent pricing.

Fri, 02/25/2011 - 11:28 | 996878 DaveyJones
DaveyJones's picture

I read somewhere that the eroei for blind faith is slightly higher than hot air

Fri, 02/25/2011 - 15:01 | 997523 samsara
samsara's picture

+100

Fri, 02/25/2011 - 10:15 | 996682 simon says
simon says's picture

If I was a Middle East king/dictator, I'd try real hard to look like Kuwait asap.

Fri, 02/25/2011 - 10:41 | 996746 gookempucky
gookempucky's picture

Coming to your state today---Iraq protesting today--shots have been reported but not confirmed--Iraqi's want the US jackboot out of the country--could get ugly.

http://english.aljazeera.net/news/middleeast/2011/02/2011224192028229471.html

http://english.aljazeera.net/news/middleeast/2011/02/2011216114058147154.html

Fri, 02/25/2011 - 10:51 | 996785 aerojet
aerojet's picture

Never leaving now, sorry.  They didn't build an embassy fortress the size of Disneyland if they were eventually going to hit the bricks.

Fri, 02/25/2011 - 11:09 | 996827 Oh regional Indian
Oh regional Indian's picture

Uh oh!

A Rose revolution in Iraq? The photograph in the first link tells a huge story.

Look at the empty edges of the crowd and that rose, front and center.

Looks like Georgh Sorrows is back. In Black!

ORI

 

Fri, 02/25/2011 - 10:57 | 996752 PlausibleDenial
PlausibleDenial's picture

Has anyone seen the huge runup in UCO. Basically opened up some $36.00 dollars after closing down yesterday.  Just trying to figure that one out. Ah, they did a 4 to 1 reverse split last night. 

Fri, 02/25/2011 - 12:51 | 997149 Cpl Hicks
Cpl Hicks's picture

It got my animal spirits flowing until I remembered the split was today.  *sigh*

Fri, 02/25/2011 - 10:42 | 996757 RobotTrader
RobotTrader's picture

Tech stocks like CRM and FFIV are rallying big on this news.

The tech stock mania never died, it is alive and well 11 years later.

Fri, 02/25/2011 - 11:22 | 996862 malikai
malikai's picture

Were you saying that in January 2002?

Fri, 02/25/2011 - 11:03 | 996816 falak pema
falak pema's picture

No figures on Iran's gas reserves ! Big NG producer! I suspect same order as Qatar (25.4 tr). Anyways much bigger than Saudi (7.9 tr). At a guess ...15 tr. This is excluding associated gas from oil production.

TD any idea?? 

Fri, 02/25/2011 - 11:59 | 996974 malikai
malikai's picture

And from what I understand, they have only barely touched south pars.

Fri, 02/25/2011 - 11:05 | 996820 melachiro
melachiro's picture

Someone here awhile back posted a great fiction journal of what happened after Saudi fell.  I think it was called sixty days or something like that?  Does anyone remember this or have a link to that?

Fri, 02/25/2011 - 11:08 | 996826 melachiro
melachiro's picture

Nevermind, google is my friend.  Found it...."60 Days Next Year"

http://www.newcolonist.com/dim_ages.html

Fri, 02/25/2011 - 15:32 | 997537 falak pema
falak pema's picture

When Saudi fell to the Amazons.

They came in numbers, like a bevy of black swans, their wings deployed. The sheiks were shaking in their shoes, rocking and rolling to their toes. "If they land in our holy land unveiled and unaccompanied by males what do we do?" asked the head sheikh to his brothers. They were all over 80. "Not to worry". Said his younger brother. "We have the situation under control. We have the oil wells ready to explode". "Well what we win on the straights we'll lose on the round-abouts. We'll have nothing to sell!" Said a third brother.

"If an unveiled black swan was seen in our land the men would go mad". Warned their leader. "Ah, then we must all bow to Allah and remember that goat's milk is the only virtuous thing in life. Not black gold". Sighed the other with resignation.

 

When the black swans landed they ate out the eyes of the three brothers in one fell swoop. Nobody could give the order to make the wells explode. From that day onwards all black swans have been declared white by all men grateful for having oil in their tanks and no religious boils on their behinds.

Fri, 02/25/2011 - 11:13 | 996834 falak pema
falak pema's picture

There will be a concern in coming years of water production in Arab lands. Watch out for Turkey's role in arbitrating water supply to drier Arab nations. Turkey a key regional player in energy game due to link ups with Russian gas and Caspian oil/gas. Has a spanking GDP growth these days. Plus population of 80 million? Should be a strategic partner to West in calming Islamic radicalism in region on medium term basis. Best secular islamic model as well. Women's rights upheld. Provided the USA doesn't screw up the dialogue in Palestine-Israel more than they already have. All eyes now on Egypt army in this respect.

I think I'm going to ask for a free trip to Stamboul from their tourist office after all my turkish bully here.

Fri, 02/25/2011 - 11:21 | 996859 malikai
malikai's picture

Do those population/gdp figures include immigrants?

Fri, 02/25/2011 - 14:19 | 997402 tempo
tempo's picture

Lets have some perspective....In 1980s, world oil consumption was about 23 billion billion bbls per year and new discoveries were averaging about 23 billion bbls per year.   Fast forword to 2010, world oil consumption is about 31 billion bbls per year (due to cars replacing bicycles in China and India).   However, new oil discoveries are now only averaging 10 billion bbls per year for the last 10 years.   Consume 30...find 10.  Its only matter of time before oil prices reach $200 to $300/bbl.  
The average vehicle in the US weighs about 4000 lbs (weight is the only thing that matters in fuel efficiency).  In EU the average vehicle weighs about 2000 lbs.   Get over it we will be driving very small (like mini golfcarts), light, 80 miles per gallon cars within 10 years.

Fri, 02/25/2011 - 14:55 | 997509 falak pema
falak pema's picture

Time to go solar on electrical production...buy the lithium as well!

Do NOT follow this link or you will be banned from the site!