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Sand Dunes

RESERVES AND EVALUATION

This course enhances the integration of several disciplines and technical skills of participants to classify, categorize and estimate reserves and resources in petroleum industry. The course will provide a short and concise review of the latest definitions, charts and regulations for reserves and resources. Basically, it will generate a kind of guidelines and some rules for a quick reserves/resources classification, based on the last Understanding the uncertainty role in oil and gas industry and understanding the variety of approaches to handling uncertainty makes the final challenge of this industry.

Course can be delivered 

Online or, either in Class room in Client´s permisses or in Algarve Portugal

Course Duration: 5 days

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Level: Foundation to Skill

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DESIGNED FOR YOU, IF YOU ARE...

  • A geoscientist, petroleum and reservoir engineer

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HOW WE BUILD YOUR CONFIDENCE

  • In classroom/ Online

  • With real cases for reserve estimation-related situations properly, including documentation, videos, queries, and
    discussions.

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THE BENEFITS FROM ATTENDING

You will learn:

  • How to Interpret and apply the 2018 SPE-PRMS reserves definitions and principles

  • Understand the reserve reporting requirements and how the proper use of the engineering and geoscience can satisfy a manager

  • Demonstrate the reliability of modern techniques in your reserve estimates

  • Document and defend your reserve estimates for external inspection or internal historical records

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TOPICS

  • Detail examination of and instruction on the updated SPE-PRMS for oil and gas reserves

  • Understanding definitions and reporting

  • Examples of reserve typical questions

  • Reserve evaluation - what to watch for when using each of the different calculation methods

 

 

DAILY AGENDA

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DAY 1

VOLUMETRICS obtained from different Sources

  • Introduction to reserves estimation

  • Gross-Rock and Net Pay and gross/net pay definitions and examples

  • Methods for determining gross rock volume

  • Monte Carlo HIP Calculations

  • Deterministic Reserves Estimation Methods: Deterministic and Stochastic

  • Exercises

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DAY 2

Overview of Resource Classification System PRMS 2018

  • Deterministic Reserves Estimation Methods: Deterministic and Stochastic

  • Introduction to several concepts in reserves and key guidelines in PRMS

  • Defining project and evaluating risk and uncertainty

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DAY 3

Overview of Resource Classification System PRMS 2018

  • Review of resource assessment methods

  • Exercise

  • Video watch and some comments and conclusions

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DAY 4

Uncertainty

  • Uncertainty definition

  • Sources of Technical Uncertainty

  • Managing and Handling of risk and uncertainty of the Reservoirs

  • Recurring mistakes and errors

  • Proposed workflow

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DAY 5

Oil and Gas Assets Value and Decision Analysis

  • Traditional Deterministic Cash Flow Analysis: NPV, IRR, Pay Out, PIR

  • Decision trees concepts and calculation of expected monetary value

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INSTRUCTOR:

Ana de Sousa has 27 years of oil and gas experience, both clastics and carbonates reservoirs. She has a background in Geology Engineering by Coimbra University in Portugal, and MSc in Reservoir Evaluation & Management from Heriot Watt University, in Scotland.

Joined Partex Oil and Gas company in 1994 as a trainee and until 2021 she was a senior Reservoir Geologist with several technical roles in reservoir characterization, modelling and seismic interpretation in Kazakhstan, Brazil and Middle East (Oman). Specialist in Rock Type, ANN and SHF models. Author of several papers about Rock Types with different methodologies.
Expert in different modelling software’s and in training and mentoring.

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