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| Code | Date | Location | price (€)* |
|---|---|---|---|
| RES 441 | 4 - 6 May 2026 | Online | 3300 |
| RES 441 | 1 - 3 Dec 2026 | Doha | 4400 |
In the E&P business, Reserves and Resources Assessment is one of the pillars of valuation of projects and companies. It is at the cross roads between exploration, field development planning, production, economics, contracts and government regulations. In recent years many new developments have taken place in the area of classifying, assessing and reporting reserves and resources. The generally accepted SPE Petroleum Resource Management System is emerging as the most important industry standard. For the Proved reserves position of many companies the SEC regulations still apply.
The following topics will be covered:
o The SPE-PRMS system of resource classification
o Other regulatory systems, including SEC.
o Reserves definitions
o Probabilistic and deterministic methods
o Commercial and technical maturity
o Volumetric and performance based reserves assessment
o Decline Curve Analysis (DCA) basics
o DCA Practical issues and application to reserves assessment
o Use of reservoir simulation in reserves assessment
o Reserves under production sharing contracts
o Course Introduction: the SPE PRMS approach to reserves determination
o Project basis for resource determination
o Developed vs. undeveloped reserves
o Other regulatory systems: SEC rules
o Exercises classification of resources
o Volumetric and Performance based methods
o P/z and material balance methods
o Decline Curve Analysis general theory
o Role of Simulation in reserves and resources assessment
o Resource assessment exercises
o Uncertainty in reserves and resources
o Probabilistics
o Aggregation
o Pitfalls and Good practices
o Special topics (Amortization, Contractual systems, Industry practices, Undeveloped reserves)
o Discussion of participant cases (Exchange of experience on Reserves and Resources determination)
o Decline models, selection of decline model,
o DCA limitations
o Stabilisation time
o Matching period
o Starting point
o Multi well declines and heterogeneity
o Gas wells
o Impact of well treatment
o Integrated analysis - Ratio plots, BSW, GOR
o Uptime, Calendar days vs. Producing days
o Discussion of participant cases (Exchange of experience on general DCA cases)
The course has two instructor:
The first instructor is an independent Reservoir Engineering Consultant providing consultancy, QA, and training worldwide. He previously held senior roles at Shell, including Senior Reserves Consultant and Discipline Lead. He has extensive global experience in reserves management, reservoir simulation, and carbonate reservoirs. He is also a respected trainer and co-author of the PRMS guidelines, with an MSc in Applied Mathematics.
The second instructor has over 27 years of experience at Shell across Europe, the US, and the Middle East. He is an expert in Reservoir Engineering, WRFM, and business development, leading global multidisciplinary teams. He served as Principal Technical Expert at Shell, advancing integrated production optimization approaches.Now an independent consultant, he advises organizations with a focus on practical, value-driven solutions.
o Advance
At the end of this Hydrocarbon Reserves training, the participants will have a deeper knowledge of modern reserves and resource assessment requirements and methods.
In the course the principles and practices of reserves and resources estimation, classification and reporting will be addressed. The approach will be based on the SPE-PRMS (Petroleum Resource Management System). Topics are introduced by lectures and discussion, and learning is re-inforced by practical small classroom exercises. Emphasis will be on practical applications and use will be made of practical and actual cases to illustrate relevant topics. The programme includes an opportunity to discuss participant cases.
Registration is now OPEN!
Ph.D. students, group and early bird registrants are eligible to DISCOUNT!
For more details and registration please send email to: register@petro-teach.com
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