Oil and Gas Reserves Evaluation


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


- 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



Number of Participants

Max 20



Software Used


Course Format

Classroom exercises and presentations

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