Saudi Arabia Oil Reserves

Sun, 22 Feb 2026 00:00:00 +0000

Saudi Arabia oil reserves are estimated at approximately 268 billion barrels of proven crude, making the Kingdom one of the world’s largest reserve holders and the central low-cost producer in OPEC+. Unlike Venezuela’s heavier reserves, Saudi Arabia’s oil base is dominated by light and medium crude that can be produced at among the lowest direct lifting costs globally.

Reserve Base

The Kingdom’s proven reserves are concentrated in several supergiant and giant fields in the Eastern Province. The Ghawar field, the world’s largest conventional oil field, contains an estimated 70 billion barrels of remaining reserves and has been producing since 1951. Safaniyah, the world’s largest offshore oil field, holds approximately 37 billion barrels. Other major fields include Khurais, Shaybah, Manifa, and Zuluf.

Oil-Reserves on SAUDI VISION 2030 Intelligence Platform

Saudi Arabia Oil Reserves

Reserve Base