Practical Application of PRMS (Petroleum Resources Management System)
This course allows an overview and in-depth look at the framework, classifications and applications of SPE’s Petroleum Resources Management System (PRMS). Participants will gain a solid understanding of this valuable resource management tool.
- Defining the project and evaluating risk and uncertainty
- Incremental projects and unconventional resources
- Entitlement and recognition
- Review of resource assessment methods
- The resource management processes
- Integrating internal and external reporting
At the end of this course, participants should have an understanding of:
- Resource tracking and reconciliations
- Special classification and categorization issues
- Hybrid deterministic and probabilistic methods–class exercise
- Quality assurance and quality control
- Coordinating international standards
PRMS 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.
1.6 CEUs (Continuing Education Units) awarded for this 2-day course.
All cancellations must be received no later than 14 days prior to the course start date. Cancellations made after the 14 day window will not be refunded. Refunds will not be given due to no show situations.
Training sessions attached to SPE conferences and workshops follow the cancellation policies stated on the event information page. Please check that page for specific cancellation information.
SPE reserves the right to cancel or re-schedule courses at will. Notification of changes will be made as quickly as possible; please keep this in mind when arranging travel, as SPE is not responsible for any fees charged for cancelling or changing travel arrangements.
We reserve the right to substitute course instructors as necessary.
Full Regional cancellation policies can be found at the “Cancellation Policy” link on the SPE Training Course Catalog page: http://www.spe.org/training/catalog.php.
John Etherington is managing director of PRA International Ltd., a Calgary-based consulting firm advising industry on resources assessment and reporting since 2000. Etherington holds BS and PhD degrees in geology. He previously spent more than 32 years with Mobil Oil in Canada, the US, and international assignments. Etherington 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 and the International Accounting Standards Board’s Extractive Activities projects. He was an SPE Distinguished Lecturer in 2005–2006, has presented papers on resources evaluation issues at AAPG, EAGE, and SPE conferences, and has conducted training for more than 1200 geoscientists and engineers from 46 countries.