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SPE Reserves / Production Forecasting

18 – 21 January 2015

Kuala Lumpur, Malaysia

About this workshop

Abstract

The workshop series is global in scope, but the Kuala Lumpur workshop will aim to focus on some of the issues that are of particular interest to operators, partners and state entities with activity in Asia Pacific.  It will include the consideration of PSC entitlement calculations on reserves estimation, financing considerations, regulated gas market constraints and other technical matters.
Petroleum resource estimations are required for many reasons—regulatory, legal, reporting, valuation, management, financing, etc. and the precise approaches and technical requirements can vary noticeably by purpose and location.

Likewise, production forecasting requires different approaches and delivery time scales depending upon the purpose for which the forecasts are required.  From wildcat well evaluation, through concept selection and designing well data programmes to short- and long-term operational modelling.  The latter could include reactions to market and infrastructure constraints, supporting internal investment decisions, detailed supply and contract management, transactional modelling and financing.  Each purpose may require entirely different levels of effort, approach and deliverables.

The Integrated Workshop series examines the various factors that contribute to reserves estimations, and fit-for-purpose production forecasts.  With the ultimate aim to improve the general understanding of these subjects and further progress a set of broadly accepted industry guidelines.  This workshop aims to provide a common understanding for professionals working in all areas of petroleum resource estimation and production forecasting for all of a project's stakeholders. 

Benefits of Attending

  • Get up to date with the latest trends in forecasting methodologies and resources estimation.
  • Learn common pitfalls and how to improve forecast activities.
  • Learn why forecasting needs top down design.
  • How to choose the most appropriate forecasting approach for the primary use in the specified timeframe and with the amount of data available.
  • Understand and exploit the intrinsic relationship between forecasting and reserves estimation.
  • Obtain an overview of how reserves classifications vary with context and location.
  • Examine financial and investment implications for forecasting.

Objectives

The workshop objectives are to discuss and debate production forecasting and reserves estimation issues and techniques in the context of the various uses to which the information is put to use, “fit for purpose” analysis.  It aims to seek common grounds, guidelines and recommendations for practitioners and the users of the results with a focus in the following areas:

  • Production engineering operational field management
  • Reservoir management and field reserves
  • Production forecasts and financial decision making
  • Forecasts for national and international bodies
  • Variation in field reserves classification and definitions for external and internal reporting

Who Should Attend

The workshop has been planned for experienced reservoir, petroleum and production engineers and managers involved in the preparation and use of resource estimates and production forecasts.  These may be for operational activities, regulatory filings and declarations, investment analysis and/or financing.

Attendees and presenters will represent the entire range from NOCs, IOCs, financial investors, banks, Governments, regulators and consultants.

  • Reservoir Engineers
  • Sub Surface Managers
  • Production Engineers
  • Production Geologists
  • Asset/Financial Managers
  • Companies: Banks, NOC, IOC, Oil service Companies