According to Oil and Gas Journal (OGJ), Germany had 390 million barrels of proven oil reserves in 2005. Most of these reserves are located in northern and northeastern Germany.
The country produced 162,000 barrels per day (bbl/d) of oil in 2004, of which 68,000 bbl/d (42 percent) was Crude Oil. Over one-half of Germany�s crude oil production comes from a single field, Mittelplate, located in tidal flatlands in the North Sea. Mittelplate is a joint project of German oil and gas companies RWE and Wintershall AG.
Due to the size of the German economy and the lack of significant domestic oil production, Germany is one of the world�s largest oil importers. In 2004, Germany consumed 2.6 million bbl/d of oil, with imports supplying over 90 percent of these needs.
According to BAFA, the German economics statistics agency, the largest source of Germany�s crude oil imports in 2004 was Russia, followed by Norway and the United Kingdom.
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