COURSE OVERVIEW

 

This is practical and highly-interactive course includes real-life case studies and exercises where participants will be engaged in a series of interactive small groups and class workshops. 

This course is designed to provide participants with a detailed and up-to-date overview of reserve estimation and uncertainty. It includes presentation of various reserve estimating methodologies and the difference between resources and reserves. The classifications and definitions of these reserves and resources, along with a guideline for the application of these definitions will be covered. PRMS, SPE, WPC, AAPG, SEC, and other regulatory authority guidelines will be discussed. 

 

The course will update G&G reservoir engineers with the newest and most accurate methods for obtaining the value of a reserve.  Following the completion of this course, all participants should be able to manage deterministic and probabilistic methods, with the aim of gaining a thorough understanding of various reserve levels and their equivalence in both systems. 

 

Further, the course will also discuss the prospective, contingent resources and reserves under the SPE-PRMS; the oil and gas reserves; the deterministic, certainty, ignorance and risk; the probabilistic reserves including subjectivity and expert opinion; and the basics of reservoir characterization including the principles of reservoir characterization and reserves evaluation. 

During this interactive course, participants will learn the reserves, reserves estimation, production profiles, risks and uncertainties risks; the methods of exploration resource estimation and risking; the main concepts of risks and uncertainties management; integrating risks and uncertainties into reserves evaluation; the methods for “green-field” developments including analogues, geological modeling and reservoir simulation; the estimation of reserves for “brown fields”, classical analysis, surface analysis and stochastic simulation; the drilling, production, operation risk, production forecasting and long-term gas controls; the LNG & DomGAS, industrial contracts, oil field development, economic evaluation and risking; the conventional and unconventional gas, onshore oil and unconventional oil, offshore production and economic risk; and the portfolio analysis, look-back analysis and reserves performance indicators.