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Petroleum Reserves and Resources Estimation—Petroleum Resources Management System (PRMS) Applications Guidelines Document and Case Studies

19 – 20 March 2014

London, United Kingdom | Park Plaza Victoria Hotel

About this Workshop

Abstract

On 1 November 2011, the Society of Petroleum Engineers (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 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 on-going 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. On-going 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 with examples and case studies.

Who Should Attend

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

Workshop Guidelines

SPE workshops are topic-specific, intensive events that are smaller in scope and size than conferences. 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.

Format

Two days of informal sessions, with a number of short presentations, breakout discussions, an evening welcome reception on 18 March and dinner on 19 March. Full details will be provided with the registration pack, which will be sent in February 2014.

Attendance

70-90 delegates from relevant disciplines with proven experience and/or knowledge of the subject areas being covered.

Accommodation

SPE has secured a special rate for accommodation at the Park Plaza Victoria at a rate of GBP 159 B&B. Please book via www.parkplaza.com using the code: SPEL14, by 25 February 2014 to secure this rate.

Continuing Education Units

The workshop qualifies for SPE Continuing Education Units (CEU), at the rate of 0.1 CEU per hour of the workshop.

Scribe's Report

The steering committee will appoint a scribe to make a full report of the workshop, summarising all presentations and discussions. This report will be circulated to all attendees. The copyright of the scribe’s report will belong to SPE.

Attendance Certificate

All attendees will receive a certificate from SPE attesting to their participation.

Cancellation Policy

Written notice received 30 days before the starting date of the workshop entitles registrants to a 50% refund. There will be no refund for cancellations received after this time but, alternative delegates will be welcomed.