£2,950

Reserves and Resources Evaluation: Bali

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Location

Location

The Royal Beach Seminyak Bali - MGallery

Seminyak, Beach, Kuta

Seminyak Beach

Badung Regency, Bali 80361

Indonesia

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Event description
Gain in depth understanding and skills for evaluating and reporting oil and gas reserves and resources.

About this Event

Course overview

This is a course with the objective to provide a good understanding of evaluating and reporting oil and gas resources and reserves. The following areas will be covered in some detail:

  • The different international systems for definition & classification of petroleum reserves and resources
  • Deterministic and probabilistic methods for reserves and resources estimation
  • Aggregation of reserves and resources
  • The difference between reserves, contingent resources and prospective resources
  • The different technical methods for estimating reserves and resources
  • The role of petroleum economics in reserves estimation
  • The project-based approach adopted for reserves estimation
  • The importance of determining the discovery status and commerciality in resources classification.
  • Reserves and resources from Incremental projects

    The course is designed for

    • Reservoir engineers
    • Production engineers
    • Geologists
    • Geophysicists
    • Facilities engineers
    • Economists
    • Commercial and asset managers
    • Other relevant commercial, technical and operational staff

    Course outline

    • Petroleum Resources definitions and classifications (SPE PRMS, SEC, CIM, Russian Classification system)
    • The different systems for reporting reserves and resources
    • Volumetric methods, Material Balance Equation, Reservoir simulation & Decline Curve Analysis as tools for reserves estimation
    • Basic petroleum economics, cash flow, oil price scenarios, and economic field limit
    • The definition of the project and incremental projects in PRMS
    • Determination of project status and commerciality
    • Reserves reporting guidelines according to PRMS
    • Deterministic and probabilistic methods for resources and reserves estimation
    • Case histories for reserves and resources estimation and reporting
    • Different methods for aggregation of reserves and resources
    • The treatment of unconventional resources
    • Changes expected in PRMS in 2017
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      Date and Time

      Location

      The Royal Beach Seminyak Bali - MGallery

      Seminyak, Beach, Kuta

      Seminyak Beach

      Badung Regency, Bali 80361

      Indonesia

      View Map

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