Practical Application of PRMS (Petroleum Resources Management System)


Management and Information

Description

This course allows an overview and 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:

  • 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

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

  • Resource tracking and reconciliations
  • Special classification and categorization issues
  • Hybrid deterministic and probabilistic methods–class exercise
  • Quality assurance and quality control
  • Coordinating international standards

Learning Level

Intermediate

Course Length

2 Days

Why 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.

CEUs

1.6 CEUs (Continuing Education Units) awarded for this 2-day course.

Cancellation Policy

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 trainingcourses@spe.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.

Instructor

John Etherington

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.

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