£3,540

Reserves and Resources Evaluation: London

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527 Finchley Road

London

NW3 7BG

United Kingdom

Event description

Description

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 resources 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
  • Deterministic and probabilistic methods for reserves and resources estimation
  • Aggregation of reserves and resources

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

527 Finchley Road

London

NW3 7BG

United Kingdom

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