OIL & GAS RESERVES EVALUATION AND REPORTING

Sjafri Joenoes

 
 
 
  Overview   What You'll Learn  
 

  Key objectives of this course are to learn various compliant
 
methods of preparing reserves estimates, learn to estimate
  and understand the impact of economics on those
 
estimates, and properly classify those reserves using the
  current reserves definitions. Recent case studies,SEC audit
  questions, and class problems are used extensively to
  develop an understanding of those skills and include ethical
  issues that arise when calculating and reporting reserves. 

 

  In addition, participant will understand various aspects of
 
evaluation of hydrocarbon reserves, reserves measurement
  methodology, reserves and resource definitions and
  guidelines for classification, relation between technical and
  commercial aspects of resources, and process performed
  by independent evaluator in performing reserves
  certification.

 
  • Correctly interpret and apply the SPE-PRMS (Petroleum Resources Management System) reserves and resources definitions, principles and guidelines for classification  

  • Interpret and apply the SEC modernization of oil and gas reporting definitions and guidelines 

  • Generate compliant reserves estimates and reports using either set of definitions 

  • Understand and use various traditional engineering and geoscience techniques to satisfy reserves reporting requirements 

  • Incorporate modern, “reliable technology” into your reserves estimates 

  • Document your reserves estimations  

  • Reserves reporting requirement: Security Exchange Commission (SEC), due diligence and audit process, PSC economic model, valuation of reserves 

  • Prepare for an SEC, third party, or bank audit of your work 

  • Successfully defend your estimates during an audit

  • Conduct a thorough audit of another party’s reserves report

 
 
  Course Content  
 
  • Purpose and uses of reserves estimates

  • Types of reserves studies

  • How to read and understand a reserves report

  • SPE-PRMS reserves definitions

  • SEC reserves definitions

  • Compliant reserves estimation methods using: analogies, volumetric analysis, performance analysis, and material balance

   
  • Supplemental compliant estimation techniques incorporating: probabilistic analysis and simulation

  • Economics and reserves

  • Special reserves estimation topics: reserves reporting in low permeability reservoirs, shale gas reservoirs, CBM, and EOR projects

 
 
  Course Agenda  
 

  DAY 1

  • Purpose and uses of reserves estimates

  • Due Diligent and Audit Process

  • The technical and commercial model of reserves

  • Technical Reservoir Model (Analogy, Volumetric, Material Balance/Reservoir Simulation, Decline Analysis, Deterministic and Probabilistic)

  • Risk and Uncertainties

  • Economic Reserves Model

  DAY 2 :      

  • Reserves Report review

  • Reserves Reporting System

   
  • PRMS Definitions and Guidelines

  • Security Exchange Commission (SEC)

  • SEC vs PRMS

  • Economic Model for Reserves Audit

  • Economic Indicators

  • Sensitivity Analysis

  DAY 3 :

  • Production Sharing Contract (PSC)

  • Upstream Oil and Gas Activities

  • Develop PSC Model

  • Unconventional Reserves (Bitument, CBM, Shale Gas)

  • Enhance Oil Recovery (EOR)

 
 
  Who Should Attend  
 
  • Geologists  

  • Geophysicists

  • Reservoir Engineers

  • Reserves Coordinators

  • Investment Managers

   
  • Upstream Business Development

  • New Ventures Professionals

  • Bankers

  • Government Officials dealing with reserves report, audit and estimations.

 
 
  Your Course Instructor  
 

Sjafri Joenoes
He received Bachelor degree from Mechanical Engineering Department, Industrial Engineering Faculty, Bandung Institute of Technology (ITB) in 1980 and Master of Management degree from Prasetya Mulya Business School in 2006. He has professional and practical experiences in various disciplines such as: Drilling, Reservoir Management, Planning & Budgeting more than 35 years in Multinational & National Company
especially in Oil & Gas Industry. He retires from PT. Medco E&P Indonesia in year 2015 and focused in Strategic Planning & Budgeting and Reserves Management & Reporting.

 

 

  Registration Form   Enrollment Information  
 

YES !!!

Please Register the Following Delegate to Attend

 

OIL AND GAS RESERVES EVALUATION AND REPORTING

 

Mr./Mr./Ms.: .....................................................

Position :...........................................................

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Mailing Address : ............................................

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Phone: ................ Ext.: ......... Fax : ................

Handphone : .............. Email : ........................

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METHOD OF PAYMENT

Please completed the following payment details:

Telegraphic transfer - Please make payment in Rp. to the following account: (Please instruct your bank to remit all local & overseas bank charges to your bank account)

  

P.T. LOKA DATAMAS INDAH

Bank account 314-3000328

PT. Bank UOB Indonesia
Cab. Ir. H. Juanda
Jl. Ir. H. Juanda no. 15
Kel. Kebon Kelapa
Kec. Gambir
Jakarta Pusat
 

 

PHONE

(62)(21) 632 6911  or  6313556

 

MAIL

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Harmoni Plaza Blok B-16

Jalan Suryopranoto No. 2

Jakarta - Indonesia

 

FAX

(62)(21) 630 5074  or  6330212

 

E-MAIL

Lditrain@indo.net.id

 

HOMEPAGE

www.Lditraining.com

 

 

 

CONDUCTED IN BAHASA INDONESIA