Practical Application of PRMS (Petroleum Resources Management System)
This 2-day 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
• Integrating internal and external reporting
• Resource tracking and reconciliations
• Special classification and categorization issues
• Hybrid deterministic and probabilistic methods –class exercise
• Quality assurance and quality control
• Coordinating international standards
Why You Should Attend
PRMS 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.
1.6 CEUs (Continuing Education Units) awarded for this 2-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; by fax to +1.866.460.3032 (US) or +1.972.852.9292 (outside US); or mail to SPE Registration, PO Box 833836, Richardson, TX 75083.
For more details, please contact us at email@example.com.
John Etherington is managing director of PRA International, a Calgary-based consulting firm advising industry on resources assessment and reserves disclosures. He holds BSc and MSc degrees in geology. He previously spent over 32 years with Mobil Oil including five years in their central resources audit group. John served on the SPE Oil and Gas Reserves Committee with primary responsibility for the drafting of the Petroleum Resources Management System (PRMS). He was an SPE Distinguished Lecturer in 2005/6. John has conducted resources assessment training for over 1,100 geoscientists and engineers from 46 countries. His courses provide an in-depth understanding of PRMS and its integration with regulatory disclosure requirements.