Oil and Gas Reserves Evaluation - OGR

Denver
26 Jun, 2017 to 30 Jun, 2017 (5 days)
Discipline: Reservoir Engineering
Level: Intermediate
Instructors who teach this course:
  • Mr. James Baldwin
  • Dr. Iskander R. Diyashev
  • Mr. Rodney (Rod) E Sidle


Related courses
Reservoir Management - RM
Reservoir Engineering for Other Disciplines - REO
Reservoir Management for Unconventional Reservoirs - RMUR
Live class Live class
About the course Designed For You will learn Course Content
About the course
Key objectives of this course are to learn various compliant methods of preparing reserves estimates, learn to estimate and understand the impact of economics on those estimates, and properly classify those reserves using the current reserves definitions. Recent case studies, SEC audit questions, and class problems are used extensively to develop an understanding of those skills and include ethical issues that arise when calculating and reporting reserves. One personal computer is provided, at additional cost, for each two participants.


"I like how everything was clear and organized! Also how the instructor was so helpful and ready to answer any question and explain any un-understood topic." - Participant, Kuwait


"I liked the entire program, particularly the bidding exercise." - Participant, Nigeria


Designed For
Geologists, geophysicists, reservoir engineers, reserves managers, bankers, and government officials involved in reserves reporting, reserves auditing, and reserves estimations.
You will learn
How To:
  • Correctly interpret and apply the SPE-PRMS reserves definitions and principles
  • Interpret and apply the SEC Modernization of Oil and Gas Reporting definitions and guidelines
  • Generate compliant reserves estimates and reports using either set of definitions
  • Understand and use various traditional engineering and geoscience techniques to satisfy reserves reporting requirements
  • Incorporate modern, reliable technology into your reserves estimates
  • Document your reserves estimations
  • Prepare for an SEC, third party, or bank audit of your work
  • Successfully defend your estimates during an audit
  • Conduct a thorough audit of another party's reserves report
Course Content
  • Purpose and uses of reserves estimates
  • Types of reserves studies
  • How to read and understand a reserves report
  • SPE-PRMS reserves definitions
  • SEC reserves definitions
  • Compliant reserves estimation methods using: analogies, volumetric analysis, performance analysis, and material balance
  • Supplemental compliant estimation techniques incorporating: probabilistic analysis and simulation
  • Economics and reserves
  • Special reserves estimation topics - reserves reporting in low permeability reservoirs, shale gas reservoirs, CBM, and EOR projects
Denver
26 Jun 2017 to 30 Jun 2017 (5 days)