Download the New Reserves Classification Guide

Guidelines for Application of the Petroleum Resources Management System (PRMS), which provides information and examples on use of the PRMS, is now available for free download. The new guidelines are the work of subject matter experts from SPE, the American Association of Petroleum Geologists, the Society of Exploration Geophysicists, the Society of Petroleum Evaluation Engineers, and the World Petroleum Council.

The SPE Oil and Gas Reserves Committee (OGRC) recently released Guidelines for Application of the Petroleum Resources Management System (PRMS). The new, 221-page document replaces the 2001 “Guidelines for Evaluation of Reserves and Resources” with much-expanded content that is updated to focus on using the 2007 PRMS to classify petroleum reserves and resources.

The guidelines represent a collaboration of SPE, the American Association of Petroleum Geologists, the Society of Exploration Geophysicists, the Society of Petroleum Evaluation Engineers, and the World Petroleum Council. More than 40 subject-matter experts were involved in writing and review of the guidelines, headed by Satinder Purewal, COMPANY, chairman of the OGRC’s Applications Document Subcommittee.