Reserves and Resources Training Workshop

COMPLETE COURSE OBJECTIVES AND TOPICS

1. Provide an overview of international industry practices

2. Teach (and test) technical knowledge of reservoir evaluation and resource/reserve calculations for different oil and gas assets (conventional and unconventional oil/gas), and Reservoir Management best practices.

   — Integration of reservoir analysis with other disciplines

   — Calculations / demonstration of volumetric formulae for oil and gas reservoirs, and forecasting (OOIP, OGIP, P-z/Gp plots, DCA methods)

   — Fundamentals of fluid collection, analysis, and phase behavior and its effects on reserves

   — Importance of flow unit division for dynamic reserves in simulation

   — Reservoir Engineer’s (RE) input to reserves and resources (R & R)

   — Integration of Geoscientist and RE computation on reserves

   — Risks, uncertainties, and other non-technical factors influencing R & R

   — The standardized process between booking reserve estimates and the ethical basis underlying R & R estimations

   — Key boundary questions – discovery, commerciality, and use of analogs

   — Proper use of traditional engineering and geoscience techniques to satisfy reserve reporting requirements

   — Demonstration of reliability of modern techniques in reserve estimates

3. Reserve evaluation – what to watch for when using each of the different calculation methods, risk/uncertainty handling, deterministic and probabilistic methodologies, including utilizing dynamic reservoir simulation to ensure compliant reserves

4. Thorough understanding of key definitions (classes and categories/subcategories), interpretations, guidelines, comparisons between PRMS and SEC, comprehension of what reserves means to the regulator, and ways to remain compliant with SEC regulations (including demonstrating a "reliable technology")

5. Generate, document, and defend compliant reserve estimates and reports using either PRMS or SEC definitions, and successfully pass internal, SEC, or third-party audit reviews/external inspection of internal historical records, SEC issues/comment letters, bank lending evaluations and reviews, and understanding and working with a typical third-party reserves report

6. Discuss applications to both conventional/unconventional reservoirs and other special topics: case studies, IOR/EOR projects, ethics

7. Address fundamental principles/methodologies for upstream economic evaluation, analysis, and reporting, and entitlements impact on reserves

8. Present key issues related to carbon management — Introduction to the fundamentals of carbon capture and storage/sequestration, and the classification of storable quantities using the CO2 Storage Resources Management System (SRMS)

9. Discuss specific issues raised by attendees on their company’s assets

10. Examples and exercises, with an examination of topics covered to test/verify student’s understanding. Participants’ results will be conveyed to organizations as requested.