Managing Your Business Using PRMS (Petroleum Resources Management System)
In March 2007, the Society of Petroleum Engineers (SPE) released new guidelines for the classification of petroleum reserves and resources. The Petroleum Resources Management System (PRMS) is endorsed by the World Petroleum Council (WPC), the American Association of Petroleum Geologists (AAPG), the Society of Petroleum Evaluation Engineers (SPEE), and the Society of Exploration Geophysicists (SEG). These same sponsors have formed a Joint Committee for Reserves Evaluator Training (JCORET) to review and endorse training courses in the area of resources assessment and reporting.
This one day course is the first endorsed by JCORET and discusses how companies are implementing PRMS to better manage their business. Topics include:
• An overview and in-depth look at PRMS
• Defining the project and evaluating risk and uncertainty
• Incremental projects and unconventional resources
• Entitlement and recognition
• The resource management processes
• Integrating internal and external reporting
• Combining deterministic and probabilistic methods
• Quality assurance and quality control
• Coordinating international standards
Why You Should Attend
The Petroleum Resources Management System is a powerful management tool that is widely used in the industry. If your job includes any aspect of resource management, this course will enhance your skills.
Who Should Attend
This course is for anyone who works closely with the generating and reporting of reserves, and for those who make resource estimates for business decisions.
0.8 CEUs (Continuing Education Units) awarded for this 1-day course.
- A processing fee of USD 100 will be charged for cancellations received before the registration deadline, 21 September. For cancellations received after the registration deadline, 21 September, 25% refund will be made to the registrant.
- No refund on cancellations received within seven (7) days prior to the workshop dates, i.e. on or after 14 October.
- No refund will be issued if a registrant fails to attend the workshop.
- For more details, please contact Saba Faghihi at firstname.lastname@example.org.
John Etherington is managing director of PRA International Limited, a Calgary-based consulting firm advising industry on resources assessment, reserves disclosures, and portfolio management processes. John has a bachelor’s and master’s degree in geology. He spent more than 32 years with Mobil Oil in Canada, the USA and international assignments. John served on the SPE Oil and Gas Reserves Committee with primary responsibility for the 2007 PRMS project. He also coordinated SPE’s interface with the United Nations Framework Classification (UNFC) and the International Accounting Standards Board’s Extractive Activities projects. He was an SPE Distinguished lecturer in 2005–06, has presented papers on resources evaluation issues at AAPG, EAGE, and SPE conferences, and has conducted training for more than 1100 geoscientists and engineers from 46 countries.
Rawdon Seager is currently projects director and chief reservoir engineer for Gaffney Cline and Associates’ (GCA’s) western hemisphere headquarters in Houston, Texas. Rawdon’s main responsibilities include internal quality assurance for technical projects and providing clients with advice regarding reserve and resource evaluation and reporting. He also provides expert testimony at international arbitrations. Rawdon has spoken at various industry events as well as presenting in-house and public courses to clients on estimating, classifying and reporting of reserves. He is an active member of the SPE, currently chairing the Oil and Gas Reserves Committee and representing the SPE in discussions with the United Nations regarding the UNFC. Rawdon began his career in 1972 as a petroleum engineer with Shell International in Malaysia with later assignments in Brunei, the Netherlands, and Australia. In 1980 he joined Roy M. Huffington in Indonesia where he became petroleum engineering manager before joining GCA in 1985 with whom he has held senior positions in the United Kingdom, Singapore, Argentina, Venezuela and the USA. He has a bachelor’s degree in physics from Bristol University, England and a master’s degree in petroleum engineering from Imperial College, London. He is a Chartered Petroleum Engineer in the UK.