CODE: OG13
DURATION: 5 Days/10 Days
CERTIFICATIONS: CPD
This course provides an introduction to petroleum reserves estimation and the role of uncertainty analysis in upstream decision-making. Emphasis will be placed on integrating geological, engineering, and economic data to produce reliable reserves assessments while evaluating risks and uncertainties that impact project value and strategic planning. Participants will gain a solid understanding of reserves classification frameworks, estimation methods, probabilistic and deterministic approaches, as well as the regulatory and reporting standards that govern reserves disclosure.
This course is available in the following formats:
Virtual
Classroom
Request this course in a different delivery format.
Course Outcomes
Delegates will gain the knowledge and skills to:
Understand petroleum resource definitions and classification frameworks based on SPE-PRMS.
Apply industry-standard methods for estimating petroleum reserves using volumetric and material balance techniques.
Utilize decline curve analysis and probabilistic approaches such as Monte Carlo simulations for reserves estimation.
Analyse geological, technical, and economic factors affecting reserves estimates.
Develop accurate and compliant reserves reports for audits and regulatory purposes.
Assess and incorporate uncertainty and risk analysis into reserves estimation.
Support investment and operational decisions with validated reserves data.
Prepare for reserves audits and effectively defend estimation methodologies.
At the end of this course, you’ll understand:
The course is designed for petroleum engineers, reservoir engineers, geoscientists, project managers, energy analysts, and professionals involved in reserves reporting and asset evaluation. It is also suitable for early-career professionals seeking to build expertise in reserves estimation, as well as decision-makers and financial analysts who rely on reserves data for investment, portfolio management, and regulatory compliance.
✓ Modern facilities
✓ Course materials and certificate
✓ Accredited international trainers
✓ Training materials and workbook
✓ Access to online resources
