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Fundamentals of SPE-PRMS for Technical Professionals Workshop

Sproule

Wednesday, 23 May 2018 at 8:30 AM - Thursday, 24 May 2018 at 5:00 PM (MDT)

Fundamentals of SPE-PRMS for Technical Professionals...

Registration Information

Registration Type Remaining Sales End Price Fee GST/HST Quantity
Registration 18 Registrations 22 May 2018 $1,295.00 $0.00 $64.75

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Event Details

Course length:

2 days

Target Audience: 

Although this workshop has a more technical approach related to the classification and estimation of reserves and resources, the course is designed for anyone who wants to understand the concepts applicable to PRMS, such as, but not limited to: Engineers, Geologists, Geophysicists, Land Negotiators, Accountants, Financial Investment Professionals and Technologists.  

Instructor(s):

Sproule's Senior Engineers.

Course Outline:

This two-day workshop 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 finally, reserves as the prospects advance toward 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 SEC and other rules. 

Topics

The material covered in this workshop is practical, and includes advice and ideas applicable to the classification of recoverable volumes of oil and gas accumulations and evaluates the range of uncertainty of the estimates of recoverable volumes.

• PRMS guidelines

• Principles of PRMS

• Classification of reserves and resources

• Prospective resources

• Contingent resources

• Project maturity sub-classes

• Reservations

• Examples of classification

  • Conventional
  • Blocks of failure
  • Not conventional
  • Methane in coal layers

• Risk

• Methods of estimation and categorization of uncertainty

• Financial implications of reserve changes 

Cancellation Policy

Any registration cancellation requests must be made on or before May 20, 2018 and will be subject to a $250 processing fee. 

We reserve the right to cancel the course if minimum registrations levels are not met. As such,  please purchase refundable/transferable airfare if you are flying in for this course. Decisions regarding cancellation will occur several weeks before the start date, and registrants will be notified and refunded if the course does not run.

Course Contacts:

For further information about the course contents and registration information, please contact the course administrator, Nichole Tobin (nichole.tobin@sproule.com).

 

 

Have questions about Fundamentals of SPE-PRMS for Technical Professionals Workshop? Contact Sproule

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When & Where


Sproule

140 4th Avenue SW, Suite 900
Calgary, AB T2P 3N3
Canada

Wednesday, 23 May 2018 at 8:30 AM - Thursday, 24 May 2018 at 5:00 PM (MDT)


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