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

Intermediate

1 Day

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.

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.

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

• A processing fee of USD 100 will be charged for cancellations received before the registration deadline, 21 September. For cancellations received after the registration deadline, 21 September, 25% refund will be made to the registrant.
• No refund on cancellations received within seven (7) days prior to the workshop dates, i.e. on or after 14 October.
• No refund will be issued if a registrant fails to attend the workshop.
• For more details, please contact Julie Atkinson at atjatkinson@spe.org.

John Etherington is managing director of PRA International, a Calgary-based consulting firm advising industry on resources assessment, reserves disclosures, and portfolio management processes. Etherington has a BSc and PhD in geology. He spent more than 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, has presented papers on resources evaluation issues at AAPG, EAGE, and SPE conferences, and has conducted training for more than 950 geoscientists and engineers from 40 countries.

• Managing Your Business Using PRMS and SEC Standards
• Practical Application of PRMS