As estimated by OGJ, Tunisia had modest proven Oil reserves of 308 million barrels as of January 2006. The majority of Tunisias oil reserves are located in the Gulf of Gabes and the Ghadames Basin in the southern part of the country. In 2005, Tunisia produced around 75,000 barrels per day (bbl/d) of Crude Oil. This represents a 37 percent decline from Tunisias peak output of 120,000 bbl/d between 1982 and 1984. Currently, the countrys domestic oil production capacity cannot meet the countrys consumption demand, which in 2005, was 94,000 bbl/d. Tunisia should to be able to supply at least part of its own Petroleum needs for the next decade, but significant production thereafter will be contingent upon new discoveries.