Choose Language

Contact Us

expertise icon Contact An Expert

Training

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
  • Price: $1,295

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), the Canadian Oil and Gas Evaluation Handbook (COGEH), 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


  • Principles of PRMS
  • Classification of reserves
  • Prospective & contingent resources
  • Project maturity sub-classes
  • Conventional and unconventional classifications
  • Risk
  • Estimation and categorization of uncertainty
  • Categorization examples and comparisons

Course Instructors

All Instructors >

Available Course Dates

There are currently no available courses scheduled. Please contact us to inquire about this course.

Request Custom Training

Sproule trainers work collaboratively with you to develop customized training solutions tailored to the needs of your organization or group. Trainers are available to instruct on-site across the globe.

Request Training