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Petroleum Reserves & Resources Estimation – PRMS Applications
Guidelines Document

25 – 26 September 2012

Mexico City, Mexico | Presidente Intercontinental

About this Workshop

On 1 November 2011, SPE posted to its website a document entitled ‘Guidelines for Application of Petroleum Resources Management System’. This document had been in preparation since the publication of the PRMS in March 2007.

The SPE Oil and Gas Reserves Committee decided that it was necessary to create a greater awareness of this important document through workshops and other events in order to promote understanding and uptake by the industry.

This workshop will focus on the Petroleum Resources Management System (PRMS) Application Guidelines document, giving in-depth views on its content and application to reserves and resources evaluations. Participants of this workshop will have the opportunity to:

  • Examine PRMS Application Guidelines in detail
  • Discuss example applications covered in the PRMS Application Guidelines
  • Discuss SPE’s ongoing support for PRMS
  • Discuss future directions in reserves and resources evaluation and reporting

The petroleum industry is a major component of the global economy. It requires clearly defined standards for reserves and resource development project evaluations to support internal company asset management, government inventory management, project financing, and disclosures to investors under applicable regulatory guidelines. Ongoing collaboration amongst industry professionals ensures that the classification systems and estimation methods are periodically revised to accommodate requirements of all major stakeholders.

The workshop will consist of two days of informal sessions, including a number of short presentations and discussions per session. Attendees may wish to bring a copy for reference of the PRMS-AG which is available free for download from the SPE website.

Who Should Attend?

This workshop will be of interest to all who are concerned with the generation and reporting of reserves and resource estimates under PRMS to support their business operations.

 

Workshop Guidelines

Workshops maximize the exchange of ideas among attendees and presenters through brief technical presentations followed by extended Q&A periods. Focused topics attract an informed audience eager to discuss issues critical to advancing both technology and best practices.

Many of the presentations are in the form of case studies, highlighting engineering achievements and lessons learned. In order to stimulate frank discussion, no proceedings are published and members of the press are not invited to attend.

Format

This workshop will address key technologies and best practices for improving well performance over a project lifecycle. New technologies and case studies highlighting best practices applicable to South American operations will be presented. This workshop will attract an informed audience with knowledge of technologies and application practices in drilling and production. The format is structured for introductory presentations, followed by Q&A with the audience. Participants and presenters are encouraged to speak openly and candidly about the issue. This workshop emphasizes sharing expertise and experiences.

Documentation

Proceedings from the workshop will not be published; therefore, formal papers and handouts are not requested of speakers or panel members. A URL containing released copies of the workshop presentations will be available to attendees following the workshop. A workshop summary will be prepared by the technical program committee for public release, but no other information.

Commercialism

In remaining consistent with workshop objectives and SPE guidelines, commercialism in presentations will not be permitted. Company logos should be used only to indicate the affiliation of the presenter(s).

Continuing Education Units (CEUs)

Attendees will receive 1.6 CEUs. One CEU equals 8 contact hours of participation. CEUs will be awarded through SPE Professional Development for participation and completion of SPE workshop. A permanent record of a participant’s involvement and awarding of CEUs will be maintained by SPE.