Resource Assessment and Risk and Uncertainty Management
- Disciplines
- Geoscience
- Category
- Foundational • Exploration • Development • Production • Subsurface
- Format
- Classroom • Live Online
- Available
- Private
Who Should Attend
Geoscientists, reservoir engineers, and team leaders involved with assessing and booking reserves and resources.
Description
This class will review the Petroleum Resource Management System (PRMS) and the guidelines for reporting reserves and resources and will present a number of industry best-practices for assessing those reserves and resources.
This one day class provides an overview of portfolio management, reserve and resource reporting and methods and best practices for assessing and risking those reserves and resources.
Learning Outcomes
- Learn the Petroleum Resource Management System (PRMS) for reporting and booking reserves and resources
- Understand the fundamentals of Portfolio Management
- Learn the difference risk and uncertainty in estimating reserves and resources, and how to evaluate both
Course Content
DAY 1 AM
-
- Introduction
- Portfolio Management
- Resource and Reserve Reporting Ethics
- PRMS
DAY 1 PM
- OGIP and STOOIP
- Uncertainty vs Risk
- Quantifying Uncertainty, the Rose Method
- Quantifying Risk
In-Person
- Length
- 1 Day
Virtual
- Length
- 2 Half Days
Upcoming Events
Check back in periodically for updated Public and Live Online course dates! To schedule an In-House course, contact SCA’s Training Department at training@scacompanies.com.
Instructor
