HOME
 

Reserves Classification and Categorisation

HOT Engineering
Course summary
Upon request the course can be extended to 3 days
1,950 EUR
English
Corporate Training for Teams
Next available date: 20/04/2020 - Stavanger
Course Dates
Stavanger
20/04/2020   (English)
1,950 EUR
Worldwide
Enquire for more information  (English)

Reserves Classification and Categorisation

Reserves Classification and Categorisation

The course provides the “big picture” on the concept for the classification and categorisation of petroleum resources and reserves. The “concept” has been elaborated in the industry guideline of Petroleum Resources Management System (PRMS) of SPE/AAPG/WPC/SPEE.

The course starts with an overview of the basic principles of classification and categorisation to technically recoverable volumes. Discussions of the commercial criteria, project maturity driven sub-classification, probability based categorisation and the summary of adequate applicability of resource estimation methods will follow. Recommendations to avoid resources classification and categorisation pitfalls that can easily result in biased reserve reporting are also made. The course concludes with an overview of petroleum resource portfolio management.

Suitability - Who should attend?

  • A member of the board, committee or formal organisation in charge of petroleum resources and reserves estimation, classification and categorisation
  • Working in a company which declares the adherence to PRMS in resource estimation, reserves evaluation and reporting

For more information visit the institute website

Training Course Content

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

  • The content beyond resource assessment terminologies
  • How commercial criteria are differentiating between Contingent Resources and Reserves
  • The rationale behind project maturity sub-classification and its alignment with decision stage-gates
  • The probabilistic and deterministic resource/reserve assessment approaches
  • Resource estimation methodologies and the pre-requisites of their application
  • Volume aggregations (projects - accumulation; projects - fields; projects - portfolio)

Topics

  • Classification of the technically recoverable volumes
    • The petroleum initially in place and the technically recoverable volumes
    • Resource classes (prospective, contingent, reserves)
    • The commercial criteria (economic viability, management engagement, marketability, availability of logistics, legal and social acceptance) 
    • The project maturity based sub-classification
    • Reserve status (undeveloped, developed)

For more information visit the institute website

Provider: HOT Engineering

HOTEngineering - Oil & Gas Courses, Reservoir Solutions & Quality Assurance

HOT – World Class Training for Oil & Gas Professionals

HOT is a leading oil and gas training provider and E&P consulting company. We come together as a multidisciplinary team, combining 33 years of training and consulting experience to deliver state of the art public courses, bespoke in-house courses, long-term...


Read more and show all courses with this provider

Request information - obligation free

Fill out your details to find out more about Reserves Classification and Categorisation.

  Contact the provider

  Get more information

  Register your interest

Customer Outreach Award

customer-outreach-badge-2019

We believe that it should be easy for you to find and compare training courses. 

Our Customer Outreach Award is presented to trusted providers who are excellent at responding to enquiries, making your search quicker, more efficient and easier, too.

Contact information for HOT Engineering

HOT Engineering

Parkstrasse 6
A-8700 Leoben

 Show phone number
www.hoteng.com


Request information

Find out more about this Reserves Classification and Categorisation course - simply fill out your details:

 
U.K. L&D Report: 2018 - Benchmark Your Workplace Learning Strategy

Are you curious about the L&D strategies of some of the U.K.'s top companies?

Find out what they're up to in findcourses.co.uk's first annual U.K. L&D Report!

UK L&D Report

Learn more

 
Find a course for you!

  Read the course
 summary on this page

 Fill in your details and Request information

 Receive all the info you need

 
Find more courses here