Managing Your Business Using PRMS (Petroleum Resources Management System)

Disciplines: Management | Reservoir

Course Description

This course allows an 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.

Topics:

  • 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

Upon completion of this course, participants should have an understanding of:

  • Integrating internal and external reporting
  • Combining deterministic and probabilistic methods
  • Quality assurance and quality control
  • Coordinating international standards

Learning Level

Intermediate

Course Length

1 Day

Why 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 Attends

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.

CEUs

0.8 CEUs (Continuing Education Units) are awarded for this 1-day course.

Cancellation Policy

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.

Instructor

None Rawdon Seager is a reservoir engineer with over 49 years of experience in the international oil and gas arena and has carried out numerous field studies, reserves assessments, and asset evaluations. Throughout his career, Rawdon has been deeply involved with the proper evaluation and reporting of oil and gas reserves and resources using the Petroleum Resources management System (PRMS) and other standards, a subject on which he provides clients with advice and training. His current focus is on the application of the SRMS to carbon capture and storage (CCS) projects and in assessing the impact of carbon pricing on the estimation of reserves. He has worked on several projects that involve an assessment of storage capacity and is using that understanding and current experience to offer training on the proper interpretation of the SRMS. He is based in Houston, Gaffney, Cline & Associates’ western hemisphere headquarters, where he is Chief Reservoir Engineer as well as Global Director of Quality Assurance.

Other courses by this instructor

Practical Application of PRMS (Petroleum Resources Management System)
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This course provides a detailed review of the estimation, classification, and reporting of reserves and resources including an in-depth review of the framework, classifications, and categorization of volumes contained in the 2018 SPE Petroleum Resources …

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The Estimation, Classification and Reporting of Reserves and Resources using PRMS (2018 Update)
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This course presents the udpated 2018 SPE Petroleum Resources Management System (PRMS), including an in-depth review of the framework, classification and categorization of volumes. The PRMS is an industry standard approach to classififying petroleum reso…

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The Techniques and Business Aspects of Carbon Capture, Utilization and Storage, and the CO2 Storage Resources Management Systems (SRMS)
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As part of the international effort to combat global warming, significant attention is being given to ways to sequester (store for the long-term) carbon dioxide, which is a major contributor to the greenhouse effect. It is therefore critical that there i…

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Disciplines: Health, Safety, Environment, and Sustainability | Reservoir

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