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Petroleum and Unconventional Resources Reserves: Understanding the Economic, Technical, Environmental, and Regulatory Aspects

23 – 24 September 2013

Bogota, Colombia | Hilton Bogota

About this Workshop

Abstract

Reserves estimation methodologies and rules have long been in extensive development. Given the availability of SPE’s Petroleum Resources Management System (PRMS) and its reserves classification guidelines, and the actualization of methodologies outlined by the Securities and Exchange Commission of the United States, the topic of reserves is still a top priority for companies, governments, regulators, and the financial community.

Unprecedented growth in the exploration and production of unconventional resources in South America has sparked widespread interest in the region. Hydrocarbon projects in Argentina, Brazil, and Colombia will continue to impact their economies.

The differences between conventional and unconventional resources that relate to reservoir characteristics and producing mechanisms have created technical, developmental, and economic challenges for the industry, with consequences that affect the assessment of potential resources and reserves. The relative newness of unconventional resource estimation calls into question the suitability and applicability of the PRMS for unconventional resources.

Focus and Objectives

To enable operators, service companies, and other organizations to understand the latest applications in estimation of conventional and unconventional resources, the challenges, and future technology needs, this workshop will cover:

  • Guidelines for Application of the Petroleum Resources Management Systems (PRMS)
  • Unconventional Resources: Characteristics; Resources Estimation Methodologies and Uncertainties
  • Emerging Concepts and Techniques for Assessment of Estimated Ultimate Recovery (EUR)
  • Managing Technical, Project-Related, and Economic Uncertainties and Incorporating Them in Resource Classification
  • Economics and Reserves

Who Should Attend

The workshop is meant for experienced individuals who will share their own case histories and experience and actively contribute to the discussion. Asset managers, experts, and decision makers involved in the assessment, development, estimation and reporting of reserves will benefit from participating, as will reservoir engineers, geologists, geoscientists, economists, and operations, government, and regulatory staff.

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.

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.

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 10 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.