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Petroleum Reserves & Resources Estimation and its Impact on Business Decisions—PRMS Applications Guidelines Document

21 – 22 October 2013

Dubai, UAE | The Address, Dubai Marina

About this Workshop

Abstract

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) Applications 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 the 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.

Who Should Attend

  • Reserves managers
  • Portfolio managers
  • Resource analysts/evaluators
  • Reservoir engineers
  • Petroleum engineers
  • Geologists

Visa Information

SPE Middle East, North Africa, and India will assist in providing a visa invitation letter, upon request in writing, to confirmed registrants after receiving full payment of registration fees. Visa invitation letters take five days to issue from the date of request and it is the delegate's responsibility to obtain their own visa. SPE cannot issue the visa nor can we guarantee it will be obtained.

 

Workshop Guidelines

Format

Two (2) days of informal discussions prompted by selected keynote presentations and discussions. Workshops maximise 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. The majority of the presentations are in the form of case studies, highlighting engineering achievements and lessons learnt. In order to stimulate frank discussion, no proceedings are published and the press is not invited to attend.

Documentation

  • Proceedings will not be published; therefore, formal papers and handouts are not expected from speakers.
  • Work in progress, new ideas, and interesting projects are sought.
  • Professionally-prepared visual aids are not required; handwritten view graphs are entirely acceptable.
  • Note-taking by participants is encouraged.

Attendance

Registrations will be accepted on a first-come, first-serve basis. The Steering Committee encourages attendance from those who can contribute to the workshop most effectively either in discussions or with posters. A mix of attendees in terms of geographic origin, companies, and disciplines will be encouraged.

Workshop Deliverables

  • The Steering Committee will appoint a “scribe” to record the discussions and to produce the full workshop report for SPE.
  • This report will be circulated to all attendees as the workshop deliverable within 4–6 weeks following the workshop. The copyright of the report is with SPE.
  • PowerPoint presentation materials will be posted on a specific SPE URL address after the workshop Provision of the materials by the speakers will signify their permission for SPE to do so.

Commercialism

In keeping with workshop objectives and the SPE mission, commercialism in posters or presentations will not be permitted. Company logos must be limited to the title slide and used only to indicate the affiliation of the presenter and others involved in the work.

Attendance Certificate

All attendees will receive an attendance certificate attesting to their participation in the workshop. This certificate will be provided in exchange for a completed workshop questionnaire.

Continuing Education Units

Attendees at this workshop qualify for SPE Continuing Education Units (CEU) at the rate of 0.1 CEU per hour of the workshop.