From 1980 to 2011, the world proved reserves grew at an rate of 2.9%:
1. Reserves in South & Central America grew at an annual rate of 8.4%
2. Reserves in Africa grew at 3% annually
3. Reserves in Middle-east at 2.6%
4. In North America at 1.8%
5. In Europe & Eurasia together at 1.7%
6. In Asia pacific at .6%
In the last twenty years, the proved reserves in Africa have jumped from 61.1 billion
barrels at the end of 1992 to around 132.4 billion at the end of 2011, a cumulative jump of
about 116%, which is second only to the 313% increase seen in South & Central America
during the same time-period.
As of 2011, reserves in Libya, Nigeria, Angola, and Algeria account for about 80% of the
proved reserves of Africa.