Summary Table(Data shown is for 2016, the latest year with complete data in all categoreies)
Oil Reserves in Australia
See also: List of countries by Oil Reserves
Australia holds 1,193,000,000 barrels of proven oil reserves as of 2016, ranking 38th in the world and accounting for about
0.1% of the world's total oil reserves of 1,650,585,140,000 barrels.
Australia has proven reserves equivalent to 2.9 times its annual consumption. This means that, without imports, there would be about 3 years of oil left (at current consumption levels and excluding unproven reserves).
Global Rank: 38th
| Share of World: 0.07 %
3 years of oil left
(at current consumption levels)
History of Oil Reserves in Australia
Oil Consumption in Australia
See also: List of countries by Oil Consumption
- Australia consumes 1,114,645 barrels per day (B/d) of oil as of the year 2016.
- Australia ranks 20th in the world for oil consumption, accounting for about 1.1% of the world's total consumption of 97,103,871 barrels per day.
- Australia consumes 1.93 gallons of oil per capita every day (based on the 2016 population of 24,262,712 people), or 704 gallons per capita per year (17 barrels). [1 barrel = 42 US Gallons]
Oil Production in Australia
See also: List of countries by Oil Production
- Australia produces
373,728.37 barrels per day of oil (as of 2016) ranking 31st in the world.
- Australia produces every year an amount equivalent to 11.4% of its total proven reserves (as of 2016).
- Australia imports 8% of its oil consumption (86,930 barrels per day in 2016).
History of Oil Consumption and Production