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    Customize Your Learning Journey
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    Class and Course
    1. NExT
    2. Petrotechnical
    3. Reserves Evaluation (Foundation Level) Program

    Reserves Evaluation (Foundation Level) Program

    • Foundation
    • 3 Days
    • Remote Instructor Led SeriesRemote Instructor Led Series

    This 3 days customized course will include the presentation of various reserve estimating methodologies, to include the difference between resources and reserves.  The classifications and definitions of these reserves and resources, along with a guideline for the application of these definitions will be covered.  PRMS, SPE, WPC, AAPG, SEC, and other regulatory authority guidelines will be discussed.

    The course will update G&G and reservoir engineers with the newest and most accurate methods for obtaining the value of a reserve.  Following the completion of this course, all participants should be able to manage deterministic and probabilistic methods, with the aim of gaining a thorough understanding of various reserve levels and their equivalence in both systems.
    Day 1
    • Overview of resources classification
    • Classification of resources and reserves based on PRMS
    • Supplementary resources and reserves definitions
    Day 2
    • Deterministic reserves estimation methods
    • Criteria for analogues
    • Field examples of deterministic reserves estimates
    Day 3
    • Statistics, probability, uncertainty
    • Expected value
    • Probabilistic Reserves Estimation

    Reservoir engineers, production engineers, geoscientists

    Currently there are no scheduled classes for this course.

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