Between 2000 and 2007, production fell by more than 26%, from 972,000 to 714,800 barrels per day. Production has recovered to 816,000 barrels in 2009, and 930,000 barrels per day in 2012. Oman's natural gas reserves are estimated at 849.5 billion cubic metres, ranking 28th in the world, and production in 2008 was about 24 billion cubic metres per year.