Resources and Reserves - Assessment and Assurance

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Resources and Reserves - Assessment and Assurance

HOT Engineering - A Member of the HOT Energy Group
Logo HOT Engineering - A Member of the HOT Energy Group

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Starting dates and places

computer Online:
21 Nov 2022 until 23 Nov 2022

Description

DESCRIPTION

This course investigates the classification and categorisation of resources within both the SEC and the SPE-PRMS systems. Using case studies, the course rigorously studies the boundaries between class and category when assessing resources for management and financial disclosure.
The resource estimation toolkit, using volumetric, decline curve, material balance and reservoir simulation, methods is described. Practical exercises and illustrations of the pitfalls and issues in resource categorisation are illustrated by examples.

Course Structure: 3 modules of 3 hours each, delivered over 3 days
Each day will consist of 1 module which will be no more than 3 hours in length with multip…

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DESCRIPTION

This course investigates the classification and categorisation of resources within both the SEC and the SPE-PRMS systems. Using case studies, the course rigorously studies the boundaries between class and category when assessing resources for management and financial disclosure.
The resource estimation toolkit, using volumetric, decline curve, material balance and reservoir simulation, methods is described. Practical exercises and illustrations of the pitfalls and issues in resource categorisation are illustrated by examples.

Course Structure: 3 modules of 3 hours each, delivered over 3 days
Each day will consist of 1 module which will be no more than 3 hours in length with multiple breaks.

Course Level: Skill
Instructor: Pete Smith

DESIGNED FOR YOU, IF YOU ARE...

A mid to senior level engineer or geoscientist who wishes to understand better the principles and practice of reserves and resource reporting.

HOW WE BUILD YOUR CONFIDENCE

This is a three-session online course with lectures supported and illustrated by worked examples, case studies and follow-up exercises and quizzes to give assurance that key learnings are accomplished.

THE BENEFITS FROM ATTENDING

By the end of the course you will feel confident in:

  • Understanding different resource reporting methodologies, particularly the PRMS and SEC protocols
  • Evaluating the differing categories and classes of reserves and resources
  • Assessing the volumetric derivation of resources and reserves, both deterministically and probabilistically
  • Appraising the limitations of resource assessment methods
  • Assuring resource assessments by integrating the relationship between volumes, development plans and economics

TOPICS

Session 1

  • Introduction
  • Primary resource estimation methods - PRMS & SEC protocols
  • Resource booking approach
  • Other reporting systems


Session 2

  • Estimation tools - analogues, volumetric derivation of hydrocarbons in-place Assessment of recovery factor
  • Risk and uncertainty in resource estimation


Session 3

  • Estimation tools - decline curves, material balance and numerical simulation
  • Commercial considerations
  • Unconventional resources

COURSE FEE:
Please note that participants from Austria incur 20% VAT in addition to the disclosed net course fee.

HOT is an award-winning provider of training solutions for the energy industry. We pride ourselves in delivering excellence with each and every course session: Quality is always at the core of what we do.

Our top-notch courses, developed and taught exclusively by true experts, have been valued by the industry for over 30 years. Our training sessions equip our clients with powerful skills to remain competitive in an increasingly complex petroleum industry. We accelerate careers and empower people, striving to achieve the best possible results.

Our training portfolio covers all stages of the E&P value chain, as well as renewable energy, soft skills, and finance courses.

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    There are no frequently asked questions yet. If you have any more questions or need help, contact our customer service.