Reserves Evaluations / EVAL-12 / St. John's, NFLD, Canada
4-days / 29 April-2 May 2019
Evaluation of Canadian Oil & Gas Properties for Technical Professionals
Hayley Silberg P.Geo.
Geoscientist and Manager, Sproule Training
Hayley has been a Petroleum Geoscientist (P.Geo.) with Sproule's Reservoir Characterization Practice Area for five years. She performs seismic interpretation, seismic attribute mapping, geostatistical analysis, 3-D reservoir modelling, uncertainty modelling and reserves evaluation. Additionally, Hayley is Sproule’s Training Manager. She has experience in Western Canada, Ontario, Eastern Canada, the United States, the North Sea, Africa, New Zealand, Colombia and Madagascar.
This comprehensive 4-day course presents the foundational components and techniques of evaluating Canadian oil and gas properties. This course will have a specific focus on offshore East Coast properties but will also examine the evaluation of oil and gas properties anywhere in the world. By the end of this course, participants will fully understand the evaluation process, where to source the appropriate data, how to evaluate an oil and gas property, how to interpret evaluations done by others and ultimately, how to make sound investment decisions. The course lecture material is supported by a number of workshop exercises specific to offshore East Coast fields wherever possible, and culminates with a scenario-based learning experience, in which students work in teams and compete for points as they analyze the story of a historic and factual business takeover.
The material covered in the course is practical and includes many tips and insights for evaluating wells, groups of wells, properties and companies.
- Petroleum Geology and Geophysics
- Resource and Reserves Definitions
- Estimating Reserves and Production
- Interests & Royalties
- Capital and Operating Costs
- Time Value of Money
- Profitability Indices
- Income Taxes
- Oil, Gas and Product Prices
- Use of Evaluations
- Class Evaluations Case Study – “The Game”
This course has a technical focus related to reserves determination, intended for engineers, geoscientists, financial analysts, land professionals, technologists, and technicians.