Oil and Gas Reserves Evaluation - OGR
Discipline: Reservoir Engineering
Duration: 5 days
Instructor(s): Iskander Diyashev, Rodney (Rod) Sidle
This newly revised course will cover the definitions of, and uses for, oil and gas reserves estimates, and how to be compliant with each of the industry standard (SPE-PRMS) and regulator's (US SEC) versions of the reserves requirements. Participants will learn how geoscience and engineering evaluation methods should be used for compliance of reserves estimates, the differences in the evaluation assumptions between PRMS and SEC, and how the inherent uncertainties in reserve estimates are reflected by the categorization of reserves.
Participants will learn how to handle reserve estimation-related situations properly, including documentation, audits, SEC enquiries, and evaluation ethics. This understanding is reinforced by working class problems and case studies.
You will leave this course with confidence in your knowledge of compliance in reserves and the ability to show your understanding with reference documention that is provided with the course.
"Best energy and practical experience on the subject in our field." - Reservoir Engineer, United States
"The course gave me a better understanding of the oil and gas value chain." - Geophysics, Mexico
Geologists, geophysicists, reservoir engineers, reserves managers, bankers, and government officials involved in reserves reporting, reserves auditing, and reserves estimations.
You Will Learn:
Participants will learn how to:
- Interpret and apply the 2018 SPE-PRMS reserves definitions and principles
- Interpret and apply the US SEC reserve definitions under SEC reporting regulations
- Generate compliant reserves estimates and reports using either PRMS or SEC definitions
- Comprehend and work with a typical third-party reserves report
- Understand the proper use of traditional engineering and geoscience techniques to satisfy reserve reporting requirements
- Demonstrate the reliability of modern techniques in your reserve estimates
- Prepare for audit reviews of your reserves estimates by third-party auditors, the SEC, or banks
- Document and defend your reserve estimates for external inspection or internal historical records
- Detailed examination of and instruction on the updated SPE-PRMS for oil and gas reserves
- What reserves means to the regulator: understanding SEC reserve definitions and reporting - how to be compliant with SEC regulations (including demonstrating a "reliable technology")
- Examples of reserve typical questions - comparing PRMS and SEC compliance
- Reserve evaluation - what to watch for when using each of the different calculation methods (including probabilistic analysis and dynamic reservoir simulation) to ensure compliant reserves
- How to document and defend reserve estimates - understanding reserve audits, SEC Issues/comment letters, bank lending evaluations
- Economics and entitlements impact on reserves
- Special topics: case studies, reserves in unconventional reservoirs and/or IOR/EOR projects, ethics
DR. ISKANDER DIYASHEV is a director and a co-founder of Petroleum and Energy Technology Advisors, Inc., an engineering and consulting firm based in Houston, Texas, focused on drilling, completion and stimulation (www.1penta.com). Prior to that Dr. Diyashev was an officer and a board member with Independent Resource Development Corporation, based in Moscow with operations in Western Siberia Russia. Dr. Diyashev was responsible for the planning of field development, reserves evaluation and addition, planning of exploration activities, as well as engineering and technology. In 2001-2006 Dr. Diyashev served as a Chief Engineer for Sibneft, one of the largest integrated oil companies in Russia with a daily production of 700,000 BOPD.
During his career, Dr. Diyashev worked in R&D, consulting, and the service and production sides of the business both in Russia and internationally. Prior to his work with Sibneft, Dr. Diyashev was one of the key Schlumberger specialists to start the horizontal drilling project in Noyabrsk Western Siberia. He holds a PhD in Petroleum Engineering from Texas A&M University, and advanced degrees in Physics and Mathematics from Moscow Institute of Physics and Technology. He has authored 30 technical papers. Dr. Diyashev is a member of the Russian Academy of Natural Sciences, and served on the Board of Directors of the Society of Petroleum Engineers (SPE International), and on the boards of various private E&P, service and engineering firms in the petroleum industry. Twice in his career Dr. Diyashev was elected to serve as a Distinguished Lecturer of the SPE, in 2005-06, and in 2017-18.
MR. ROD SIDLE has worked in the upstream petroleum industry for 40 years including 35 years before retiring from Shell Oil/Royal Dutch Shell. He has also worked for both large (Oxy) and smaller (Sheridan Production) independent producers. His position as Reserves Manager/Director in each of these companies developed the knowledge he draws from to instruct on Reserves Estimation and Reporting. He has delivered in-house Reserves instruction courses for Shell and Oxy as well as being a course instructor/lecturer on Reserves and Economics at Texas A&M University for two years. He is a member of the Society of Petroleum Engineers (SPE) and the Society of Petroleum Evaluation Engineers (SPEE). He has been a past member of the SPE Oil and Gas Reserves Committee and currently serves on the SPEE Reserves Definition Committee. Other society service includes as an SPE Distinguished Lecturer and on the SPEE Board of Directors. He has co-authored and presented several SPE technical papers on Reserve Estimation topics with two published in the SPE Economics and Management Journal. He received a BS degree in Chemical Engineering from the University of Akron.
In-House Course Presentations
All courses are available for in-house presentation to individual organizations. In-house courses may be structured the same as the public versions or tailored to meet your requirements. Special courses on virtually any petroleum-related subject can be arranged specifically for in-house presentation. For further information, contact our In-House Training Coordinator at one of the
numbers listed below.
Telephone 1- 832 426 1234
Facsimile 1- 832 426 1244
Public Course Presentations
How to contact PetroSkills:
1-800-821-5933 toll-free in North America or
Address P.O. Box 35448, Tulsa, Oklahoma 74153-0448, U.S.A