training specialists to the upstream oil and gas industry

Reserves and Resources Evaluation

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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


Location Start Date   End Date Cost Trainer Book
Upon request     £2,950 Dr Tarek Darwich Make enquiry

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"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

Website: Studio Beam Ltd