The Estimation, Classification and Reporting of Reserves and Resources


Disciplines: Management | Reservoir

Course Description

This course provides an overview of the classification, estimation and reporting of reserves and resources. The focus of the course is on the SPE-PRMS (2018), but other systems such as SEC and COGEH are also included. The course will outline the key definitions of each of the main classes and categories of reserves and resources. The estimation methods which can be used, together with how and when each should be used is also covered. The course is illustrated by a series of case histories, examples and exercises that show the practical application of the principles.

Learning Level

Intermediate

Course Length

2 Days

Why Attend

  • Provide an overview on international industry practices
  • Ensure a thorough understanding of key definitions and guidelines and the relationship between reserves and resources
  • Discuss the handling of risk and uncertainty, including deterministic and probabilistic methodologies
  • Hands-on examples and case histories to illustrate key points

Who Attends

Professionals who are or will be responsible for reserves/resources estimation and reporting of reserves and resources to senior management within the company or externally from these disciplines: 

  • Geophysicists
  • Geologists
  • Petrophysicists
  • Reservoir Engineers
  • Economists
  • Commercial and Management

CEUs

1.6 CEUs are awarded for this 2-day course.

Additional Resources

This course has a supplemental book located in our SPE Bookstore entitled Estimation and Classification of Reserves of Crude Oil, Natural Gas, and Condensate. Please check out this valuable resource!

Cancellation Policy

All cancellations must be received no later than 14 days prior to the course start date. Cancellations made after the 14-day window will not be refunded. Refunds will not be given due to no show situations.

Training sessions attached to SPE conferences and workshops follow the cancellation policies stated on the event information page. Please check that page for specific cancellation information.

SPE reserves the right to cancel or re-schedule courses at will. Notification of changes will be made as quickly as possible; please keep this in mind when arranging travel, as SPE is not responsible for any fees charged for cancelling or changing travel arrangements.

We reserve the right to substitute course instructors as necessary.

Instructor

Rawdon Seager is chief reservoir engineer and global director of quality assurance at Gaffney, Cline & Associates’ western hemisphere headquarters in Houston. He has more than 45 years of experience in the international oil and gas arena and has carried out numerous field studies, reserve assessments, and asset evaluations. Seager has also given expert testimony during arbitration hearings.

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