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Reservoir Engineering
Oil and Gas Reserves Evaluation
An updated course on how reserves are defined and used, and how to produce estimates that comply with both the main industry framework and US regulatory reporting rules. It explains how geoscience and engineering methods support compliant estimates, where the assumptions of the two systems differ and how uncertainty is expressed through reserves categories. Documentation, audits, regulator queries and ethics are also addressed.
- Discipline
- Reservoir Engineering
- Level
- Intermediate
- Duration
- 5 days
- Formats
- Classroom, In-house
Every course can be delivered in-house and tailored to your organisation.
Who should attend
Geoscientists, reservoir engineers, reserves managers, bankers and government officials involved in estimating, auditing or reporting reserves.
What participants will be able to do
- Interpret and apply industry standard reserves definitions
- Apply US regulatory reserves rules for financial reporting
- Prepare compliant reserves estimates and reports
- Review and work with third-party reserves reports
- Prepare reserves estimates for audit review
Topics covered
- Reserves definitions
- Regulatory reporting
- Reserves categorisation
- Estimation methods
- Third-party reports
- Audits and ethics