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E-333C - Reserves Evaluation - Risks & Uncertainties Certification

  • Geologists, geophysicists, reservoir engineers, asset managers, economists, government representatives interested or involved in reserves estimation and reporting and related risks & uncertainties assessment
  • To provide a comprehensive and practical understanding of methods and issues related to evaluation of hydrocarbons reserves
  • To provide a deep understanding of risks & uncertainties related to reserves evaluation and how to assess / mitigate these risks
Learning Objectives
  • To discuss principles of reservoir characterization and reserves evaluation
  • To discuss main concepts of risks and uncertainties management and identify main sources of risks & uncertainties
  • To discuss methods about integrating risks and uncertainties into reserves evaluation – static uncertainties, dynamic uncertainties, geostochastic modeling, etc.
Ways and means
  • Interactive courses and exercises

Basics of reservoir characterization 0.5 day
  • Introduction to field development projects
  • Reminder on rock and fluid properties
  • Geomodeling
  • Volumetric evaluation of OIIP and GIIP
Reserves definitions 1 day
  • Oil & gas reserve / resource definitions
  • SPE definitions and principles. Petroleum Resources Management System (PRMS)
  • SEC definitions and guidelines
  • Other definitions
Reserves estimations and production profiles 1 day
  • Performance analysis
  • Material balance
  • Decline curves analysis
  • Simulation models
Risks and uncertainties 2.5 days
  • Introduction to risks and uncertainties
  • Notions of probability and decision trees
  • Statistical description of data - Common distributions
  • Monte-Carlo and parametric methods
  • Notions of geostatistics and stochastic modeling
  • Structural, geological and dynamic uncertainties
  • Experimental design and response surface methodology
2017 course calendar
Language Dates Location Tuition Register
Oct 09 - 13 Pau €3,450 Online By email