As of 2023, crude oil reserves in Nigeria amounted to 31.1 billion barrels. This represented a decline of around 0.45 percent compared to the previous year.
Crude oil reserves in Nigeria in 2022 and 2023
(in billion barrels)
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Nigerian Upstream Petroleum Regulatory Commission. (April 24, 2024). Crude oil reserves in Nigeria in 2022 and 2023 (in billion barrels) [Graph]. In Statista. Retrieved June 10, 2025, from https://www.statista.com/statistics/1607119/annual-crude-oil-reserves-nigeria/
Nigerian Upstream Petroleum Regulatory Commission. "Crude oil reserves in Nigeria in 2022 and 2023 (in billion barrels)." Chart. April 24, 2024. Statista. Accessed June 10, 2025. https://www.statista.com/statistics/1607119/annual-crude-oil-reserves-nigeria/
Nigerian Upstream Petroleum Regulatory Commission. (2024). Crude oil reserves in Nigeria in 2022 and 2023 (in billion barrels). Statista. Statista Inc.. Accessed: June 10, 2025. https://www.statista.com/statistics/1607119/annual-crude-oil-reserves-nigeria/
Nigerian Upstream Petroleum Regulatory Commission. "Crude Oil Reserves in Nigeria in 2022 and 2023 (in Billion Barrels)." Statista, Statista Inc., 24 Apr 2024, https://www.statista.com/statistics/1607119/annual-crude-oil-reserves-nigeria/
Nigerian Upstream Petroleum Regulatory Commission, Crude oil reserves in Nigeria in 2022 and 2023 (in billion barrels) Statista, https://www.statista.com/statistics/1607119/annual-crude-oil-reserves-nigeria/ (last visited June 10, 2025)
Crude oil reserves in Nigeria in 2022 and 2023 (in billion barrels) [Graph], Nigerian Upstream Petroleum Regulatory Commission, April 24, 2024. [Online]. Available: https://www.statista.com/statistics/1607119/annual-crude-oil-reserves-nigeria/