COURSE OVERVIEW

This practical and highly-interactive course includes real-life case studies and exercises where participants will be engaged in a series of interactive small groups and class workshops.
This course is designed to provide participants with a detailed and up-to-date overview of resource and reserve evaluation. It presents advanced techniques for reserve estimation and addresses the difference in classification of resource and reserves. The course will also cover the reserves reporting guidelines according to SPE PRMS; the deterministic and probabilistic methods for resources and reserves estimation; the analogy, volumetric and recovery factors; the different methods for aggregation of reserves and resources; the treatment of unconventional resources; the expected changes in SPE PRMS; and the petroleum resources definitions and classifications.
During this interactive course, participants will learn the different systems for reporting reserves and resources, reserves estimation and link to project economics; the material balance analysis, classical decline curve analysis, advanced decline curve analysis and deterministic analysis on an example field; the basics of descriptive statics, probability and operations with probabilities, probability distributions and expected value; the aggregating over reserves level, adding proved reserves, aggregating over resource classes and the scenario methods; and the normalization and standardization of volumes, cash-flow-based commercial evaluations and development and analysis of project cash flows.