Oil and Gas Reserves Evaluation

Audience

Geologists, geophysicists, reservoir engineers and managers involved in reserve reporting.

Content

  • Purpose of reserves
  • Reserve studies
  • Reserve reports
  • Reserve definitions – history, SEC, SPE/WPC
  • Reserve estimation methods – analogies, volumetrics and performance analysis
  • Supplemental techniques
  • Economics and reserves
  • Special topics – reserves management, software, regional uniqueness, FMV, risk, yardsticks, financing

Learning Objectives

  • Understand the differences in the various published reserve definitions
  • Apply the reserve definitions as well as published guidelines to correctly classify reserves
  • Use traditional methods and supplemental techniques to estimate reserves and determine the impact of economics on those estimates
  • Understand the various uses of reserves

Duration

5-day

Number of Participants

Max 20

Prerequisites

None

Software Used

None

Course Format

Classroom exercises and presentations

Audience

Geologists, geophysicists, reservoir engineers and managers involved in reserve reporting.

Content

- Purpose of reserves
- Reserve studies
- Reserve reports
- Reserve definitions - history, SEC, SPE/WPC
- Reserve estimation methods - analogies, volumetrics and performance analysis
- Supplemental techniques
- Economics and reserves
- Special topics - reserves management, software, regional uniqueness, FMV, risk, yardsticks, financing

Learning Objectives

- Understand the differences in the various published reserve definitions
- Apply the reserve definitions as well as published guidelines to correctly classify reserves
- Use traditional methods and supplemental techniques to estimate reserves and determine the impact of economics on those estimates
- Understand the various uses of reserves

Duration

5-day

Number of Participants

Max 20

Prerequisites

None

Software Used

None

Course Format

Classroom exercises and presentations

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Our proprietary courses are fully customizable and can be offered at a time and location convenient to you. Please request a course for more information.