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Fundamentals of SPE-PRMS for Technical Professionals

This course presents the fundamental components of the Petroleum Resources Management System (PRMS) of the Society of Petroleum Engineers (SPE) and provides examples of classification of recoverable volumes of oil and gas in prospective resources, contingent resources, and reserves as the prospects advance towards maturity.

Course Details

  • Category: Reserves Evaluations
  • Length: 2 days
  • Primary Instructor:

Description


This 2-day course presents the fundamental components of the Petroleum Resources Management System (PRMS) of the Society of Petroleum Engineers (SPE) and provides examples of classification of recoverable volumes of oil and gas in prospective resources, contingent resources, and reserves as the prospects advance towards maturity.

At the end of the workshop, participants will fully understand the PRMS and how to allocate recoverable volumes to the appropriate reserve categories or resources, and to the project's maturity sub-class. The theoretical material of the course is complemented with exercises to strengthen the concepts on which the PRMS is based.

The resource definitions and course reservations will focus on the specific methodologies used in the PRMS, but they will also compare the classification system and definitions with those used in the Securities and Exchange Commission (SEC) and other regulatory bodies.

Designed for


This course is designed for anyone who wants to understand the concepts applicable to PRMS, including engineers, geoscientists, land professionals, technologists, accountants, legal professionals, financial investors, business development, government and regulatory advisors.

Topics


  • PRMS guidelines
  • Principles of PRMS
  • Classification of reserves and resources
  • Prospective & contingent resources
  • Project maturity sub-classes
  • Reservations
  • Conventional and unconventional classifications
  • Blocks of failure
  • Methane in coal layers
  • Risk
  • Estimation and categorization of uncertainty
  • Financial implications of reserve changes

Course Instructors

  • Art McMullen P.Eng., RPEQ

    Regional Director, Asia Pacific

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Available Course Dates

Start Date End Date Lead Instructor Location Price ($ CDN) Registration
April 3, 2019 April 4, 2019 Art McMullen Calgary, AB 1,295 Register Now >

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