In December 2023, crude oil reserves for Australia was 294.81 thousand barrels per day. Though Australia crude oil reserves fluctuated substantially in recent months, it tended to decrease through January 2023 - December 2023 period ending at 294.81 thousand barrels per day in December 2023.
The description is composed by our digital data assistant.Proved reserves of crude oil as of January 1 of the report year are the estimated quantities of all liquids defined as crude oil, which geological and engineering data demonstrate with reasonable certainty to be recoverable in future years from reservoirs under existing economic and operating conditions.