Business context
In the E&P business, Reserves and Resources Assessment is one of the pillars of valuation of projects and companies. It is at the cross roads between exploration, field development planning, production, economics, contracts and government regulations.
In recent years many new developments have taken place in the area of classifying, assessing and reporting reserves and resources. The generally accepted SPE Petroleum Resource Management System is emerging as the most important industry standard. For the Proved reserves position of many companies the SEC regulations still apply.
Who should attend
The course is intended for petroleum and reservoir engineers as well as explorationists and geoscientists who will be involved in the estimation, classification and reporting of oil and gas reserves and resources.
The course is also useful for Petroleum Engineering team leaders, IT staff and support staff who require more than general knowledge of reserves and resource estimation methods.
Course content
Learning, methods and tools
At the end of this Hydrocarbon Reserves training, the participants will have a deeper knowledge of modern reserves and resource assessment requirements and methods.
In the course the principles and practices of reserves and resources estimation, classification and reporting will be addressed. The approach will be based on the SPE-PRMS (Petroleum Resource Management System). Topics are introduced by lectures and discussion, and learning is re-inforced by practical small classroom exercises. Emphasis will be on practical applications and use will be made of practical and actual cases to illustrate relevant topics. The programme includes an opportunity to discuss participant cases.
The third day provides and in-depth discussion of Decline Curve Analysis and is an optional element of the course
A short test or quiz can be held at the end the course.
Day by day programme
Day 1 - Reserves and Resources Principles and Practices
Day 2 - Handling uncertainty - special topics
Day 3 - Decline Curve Analysis Practicalities (optional)