Reserves and Resources Estimation and Reporting
This course is presently designed to be presented in two days, with about one and a half-days of structured presentations and discussion, with a half day to address any specific issues or situations of concern to the participants. This particular course focuses on the SPE PRMS. SPE PRMS has become the most widely used resource classification system in the industry and is accepted by many stock exchanges as their reporting standard.
- Providing an overview of international industry practices
- Ensuring a thorough understanding of key definitions and guidelines and the relationship between Reserves and Resources
- Discussing in detail the handling of uncertainty, including deterministic and probabilistic methodologies.
Course Agenda (pdf)
This course will serve as a platform for putting together the various elements of ideas and concepts, approaches and technologies for current Reserves and Resources Estimation and reporting. Discussions will provide the participants with a basis for developing their own integrated workflow and solutions to estimate oil and gas Reserves and Resources and for planning cost effective field development.
Who Should Attend
Attendees should be technical or commercial staff, including managers, who are or will be responsible for Reserves and Resources estimation or who will be responsible for the reporting of Reserves and Resources to senior levels within the company or externally.
Engineers are responsible for enhancing their professional competence throughout their careers. Licensed, chartered, and/or certified engineers are sometimes required by government entities to provide proof of continued professional development and training. Training credits are defined as Continuing Education Units (CEUs) or Professional Development Hours (PDH).
Attendees of SPE training courses earn 0.8 CEUs for each day of training. We provide each attendee a certificate upon completion of the training course.
Doug Peacock, Technical Director, Geologist and Petrophysicist, Gaffney, Cline & Associates (GCA), has over 25 years’ experience in the oil industry in a variety of geoscience positions, during employment with service companies, operators and consultancies. He has been involved in exploration, development and Reserves estimation throughout his career.
Peacock holds a BS in geological sciences from Leeds University, UK, and a MS in petroleum geology from Imperial College, London. His professional memberships include:
- Society of Petroleum Engineers (SPE)
- Southeast Asian Petroleum Exploration Society (SEAPEX)
- Society of Exploration Geophysicists (SEG)
- Petroleum Exploration Society of Great Britain
- Exploration Society of Great Britain
- Member of the SPE Oil and Gas Reserves Committee
During 2010-2011, Peacock served as an SPE Distinguished Lecturer who made presentation entitled “Let’s Model It! 3D Geoscience Modelling: Implications for Reserves Estimation and Field Development Planning” to the SPE members worldwide. His papers and publications include:
- 1989 LASER (SPWLA) conference, London (with A. Dunlop, Terrasciences), “Petrophysics in an Integrated Study: A Case History from the Powder River Basin”
- 1998 PETEX conference, London (with L. Vaughan, Mobil), “Geological Modelling of Mature Assets: Fit for Purpose Solutions that Work”
- 2001 MEOS conference, Cairo, “The Hydrocarbon Asset Valuation Solution: Making Major Investment Decisions 50x Faster, with Improved Accuracy”
- 2009 KLEX (Kuala Lumpur Exploration Society) Lecture “CBM in Asia, Hot or Not?”
- 2010-11 SPE Distinguished Lecturer, “Let’s Model It! 3D Geoscience Modelling – Implications for Reserves Estimation and Field Development Planning”
- 2012 ICIPEG conference, Kuala Lumpur, Plenary Speaker “A Contemporary Look at Integrated Reservoir Studies”
Adrian Starkey, Principal Advisor, Reservoir Engineering, Gaffney, Cline & Associates, is a U.K. Chartered Engineer with over 20 years’ experience in Reserves and Resources Estimation, exploration support, new field development planning, production optimisation, mature assets management, and coordination of multi-disciplinary subsurface teams. He has experience in a wide range of geological and depositional environments including sandstone, carbonate, and chalk reservoirs. Other duties have included Joint Venture representation at Technical and Operating Committee partner meetings, economic evaluations, Mergers and Acquisitions projects, as well as E&P company strategic planning roles.
Starkey holds an MS (Distinction) Petroleum Engineering, University of London, UK, 1994, DIC (Distinction) Petroleum Engineering, Royal School of Mines, Imperial College, UK, 1994, and M. Eng (Honours) Mechanical Eng. & Manufacturing Systems, University of Bristol, UK, 1993. His professional memberships include:
- UK Chartered Engineer (C.Eng.) through UK Institute of Materials, Minerals & Mining
- Society of Petroleum Engineers (SPE)
- South East Asia Petroleum Exploration Society (SEAPEX)