Crude oil reserves in Trinidad and Tobago have remained stable at around 241 million barrels since 2020. Nevertheless, this represents a decrease of nearly 70 percent in comparison to previous years, when the Caribbean islands' reserves totaled 723 million barrels. In 2023, Trinidad and Tobago's crude oil production exceeded that of Peru, despite having around one quarter of the South American country's proven reserves.
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Proved crude oil reserves in Trinidad and Tobago from 2010 to 2023
(in million barrels)
Characteristic
Oil reserves in million barrels
2023
241
2022
241
2021
241
2020
241
2019
197
2018
241
2015
723
2010
825
Created with Highcharts 7.2.2Oil reserves in million barrels82582572372324124119719724124124124124124124124120102015201820192020202120222023
02004006008001,000
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Eni. (October 24, 2024). Proved crude oil reserves in Trinidad and Tobago from 2010 to 2023 (in million barrels) [Graph]. In Statista. Retrieved July 03, 2025, from https://www.statista.com/statistics/961730/crude-oil-reserves-trinidad-and-tobago/
Eni. "Proved crude oil reserves in Trinidad and Tobago from 2010 to 2023 (in million barrels)." Chart. October 24, 2024. Statista. Accessed July 03, 2025. https://www.statista.com/statistics/961730/crude-oil-reserves-trinidad-and-tobago/
Eni. (2024). Proved crude oil reserves in Trinidad and Tobago from 2010 to 2023 (in million barrels). Statista. Statista Inc.. Accessed: July 03, 2025. https://www.statista.com/statistics/961730/crude-oil-reserves-trinidad-and-tobago/
Eni. "Proved Crude Oil Reserves in Trinidad and Tobago from 2010 to 2023 (in Million Barrels)." Statista, Statista Inc., 24 Oct 2024, https://www.statista.com/statistics/961730/crude-oil-reserves-trinidad-and-tobago/
Eni, Proved crude oil reserves in Trinidad and Tobago from 2010 to 2023 (in million barrels) Statista, https://www.statista.com/statistics/961730/crude-oil-reserves-trinidad-and-tobago/ (last visited July 03, 2025)
Proved crude oil reserves in Trinidad and Tobago from 2010 to 2023 (in million barrels) [Graph], Eni, October 24, 2024. [Online]. Available: https://www.statista.com/statistics/961730/crude-oil-reserves-trinidad-and-tobago/
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