Managing Your Business Using PRMS (Petroleum Resources Management System)
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.
- 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
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.
0.8 CEUs (Continuing Education Units) awarded for this 1-day course.
- To receive a full refund, all cancellations must be received in writing no later than 14 days prior to the course start date. Cancellations made after the 14-day window will not be refunded. Send cancellation requests by email to firstname.lastname@example.org.
- No refund on cancellations received within seven (7) days prior to the workshop dates, i.e. on or after 14 March 2014.
- No refund will be issued if a registrant fails to attend the workshop.
- For more details, please contact Colette Scarlett.
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.