Oil and Gas Reserves Evaluation - OGR
Discipline: Reservoir Engineering
Duration: 5 days
Instructor(s): Iskander Diyashev, Rodney (Rod) Sidle
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
Geologists, geophysicists, reservoir engineers, reserves managers, bankers, and government officials involved in reserves reporting, reserves auditing, and reserves estimations.
You Will Learn:
- 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
- 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
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