The Estimation, Classification and Reporting of Reserves and Resources
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.
1 Day or 2 Days
- 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
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:
Technical disciplines may include:
- Asset Management
- Drilling Engineering
- Field Development Plan (FDP)
- Geological and Geophysical (G&G)
- Petroleum Engineering
- Portfolio Management
- Reserves Management
- Reservoir Engineering
- Resource Analysis and Evaluation
0.8 (for 1 Day) or 1.6 (for 2 Days)
Attendees are required to bring their own laptops.
This course is available for in-house training at your office location.
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Douglas Peacock has over 35 years of experience in the oil industry covering 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. Currently, he is Technical Director – Geoscience based in GCA’s Singapore office. He is a recent (2013-16) member of the SPE Oil and Gas Reserves Committee (OGRC) and was an SPE Distinguished Lecturer during 2010-11. He has authored numerous technical papers from 1989-2018. He has given many industry training courses, mainly on reserves and resources, both for SPE and GCA. Doug holds a B.Sc. in Geology from Leeds University and a M.Sc. in Petroleum Geology from Imperial College, London.