Reserves Calculations based on PRMS
27 Sep, 2021 – 1 Oct, 2021
26 Nov, 2021 – 30 Nov, 2021
Online On Request
This training presents a full overview of the Reserves and Resource Volume calculation concepts, definitions, procedures and reporting methods, including calculations applying volumetric methods, material balance, production decline analysis, and reservoir simulations for oil and gas reservoirs.
The reserves classification and categories is presented and discussed, with the technical details to be considered in the reserve’s calculations and forecasts; the economics and commercial variables effects in the reserves determination. A section will cover the corporate reserves accounting systems, and the various Reserves reporting authorities and Industry Standards such as SPE-PRMS, SEC and SORP systems. Uncertainty parameters and probabilistic methods applied by the oil industry to calculate the hydrocarbons oil in place, recovery factors and the reserves are covered, with field applications and examples.
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