The U.S. EIA says that recent exploration in the UAE has not yielded any significant discoveries of crude oil. What the UAE lacks in new discoveries it makes up for with an emphasis on EOR techniques designed to extend the lifespan of the Emirates’ existing oil fields. “By improving the recovery rates at the existing fields, such techniques helped the UAE to nearly double the proved reserves in Abu Dhabi over the past decade.”
Top 10 countries for proved oil reserves, 2013
Country Billion barrels
Venezuela 297.6
Saudi Arabia 267.9
Canada 173.1
Iran 154.6
Iraq 141.4
Kuwait 104.0
United Arab Emirates 97.8
Russia 80.0
Libya 48.0
Nigeria 37.2
