Managing Your Business Using PRMS (Petroleum Resources Management System)


Management and Information Reservoir Description and Dynamics

Description

This course allows an in-depth look at the framework, classifications and applications of SPE’s Petroleum Resources Management System (PRMS). Participants will gain a solid understanding of this valuable resource management tool.

Topics Include:

  • An overview and in-depth look at PRMS
  • Defining the project and evaluating risk and uncertainty
  • Incremental projects and unconventional resources
  • Entitlement and recognition
  • The resource management processes

At the end of this course, participants should have an understanding of:

  • Integrating internal and external reporting
  • Combining deterministic and probabilistic methods
  • Quality assurance and quality control
  • Coordinating international standards

Learning Level

Intermediate

Course Length

1 Day

Why Attend?

The Petroleum Resources Management System is a powerful management tool that is widely used in the industry. If your job includes any aspect of resource management, this course will enhance your skills.

Who Should Attend

This course is for anyone who works closely with the generating and reporting of reserves, and for those who make resource estimates for business decisions.

CEUs

0.8 CEUs (Continuing Education Units) awarded for this 1-day course.

Cancellation Policy

All cancellations must be received no later than 14 days prior to the course start date. Cancellations made after the 14 day window will not be refunded.  Refunds will not be given due to no show situations.

Training sessions attached to SPE conferences and workshops follow the cancellation policies stated on the event information page.  Please check that page for specific cancellation information.

SPE reserves the right to cancel or re-schedule courses at will.  Notification of changes will be made as quickly as possible; please keep this in mind when arranging travel, as SPE is not responsible for any fees charged for cancelling or changing travel arrangements.

We reserve the right to substitute course instructors as necessary.

Full Regional cancellation policies can be found at the “Cancellation Policy” link on the SPE Training Course Catalog page: http://www.spe.org/training/catalog.php.

Instructors

John Etherington

John Etherington is managing director of PRA International Ltd., a Calgary-based consulting firm advising industry on resources assessment and reporting since 2000. He holds BS and PhD degrees in geology.He previously spent over 32 years with Mobil Oil in Canada, the US, and international assignments.

Etherington served on the SPE Oil and Gas Reserves Committee with primary responsibility for the 2007 PRMS project.

He also coordinated SPE’s interface with the United Nations Framework Classification and the International Accounting Standards Board’s Extractive Activities projects. He was an SPE Distinguished lecturer in 2005-2006. Etherington has conducted resources assessment training for over 1200 geoscientists and engineers from 46 countries.

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