Reserves and Resources Evaluation
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 reserves
- 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
- 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.
- 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
"Very useful course – would be interested in learning of similar courses relating to the oil and gas industry. Very good course booklet and good videos."
- Sue Pain, Department of Energy and Climate Change
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