Theoretical principles of Crude oil, Natural Gas & Condensate Reserve Estimation

Theoretical principles of Crude oil, Natural Gas & Condensate Reserve Estimation

 

About the Course

Reserves remain the main input for several decisions in the oil industry. However, reserve estimation is quite subjective requiring considerable experience and a high degree of professional skill and judgment. In many cases, reserve estimates must be made before enough data can be collected.

This course present different methods for reserve estimation and highlight the uncertainties

 

Course Objectives

Participants will learn how to:
Interpret and apply the 2018 SPE-PRMS reserves definitions and principles

• Interpret and apply the US SEC reserve definitions under SEC reporting regulations
• Generate compliant reserves estimates and reports using either PRMS or SEC definitions
• Comprehend and work with a typical third-party reserves report
• Understand the proper use of traditional engineering and geoscience techniques to satisfy reserve reporting requirements
• Demonstrate the reliability of modern techniques in your reserve estimates
• Prepare for audit reviews of your reserves estimates by third-party auditors, the SEC, or banks
• Document and defend your reserve estimates for external inspection or internal historical records

 

Course content

• Definition of petroleum fluids
• Classification of reserves
• Reserve estimation method
• Analogy
• Volumetric methods
• Material balance
• Performance/decline trend analysis
• Probabilistic estimation
  • Problems in reserve estimation
  • Field examples

 

Who should attend?

Reservoir, production, and drilling engineers; geologist, engineering technicians, and production and exploration managers.                                                                                                                                                                                                                                                                                5 Days

 Course Fees (VAT Included)

Lagos/PH/Abuja: ₦ 376,250.00

UK/US/Ghana/Others: $ 3,762.50

TRAINING PACK 

• Award of Certificate.
• Professional Training Materials

 

REGISTRATION PROCEDURE

1. Go to “Register Now” button and fill the form and send it. You will get “message sent” if it is successful.
2. You will get confirmation of your registration within two working days when you will be asked to go ahead and make payment.
3. Go ahead and make payment.
4. Send your name, phone number, email address, training location, amount paid to info@sbtpetroleum.com.ng OR SMS to +2349098171437.
5. Upon confirmation of your payment, an electronic receipt will be sent to your mail.
6. A joining instruction will be sent to you at least 72 hours before the training date an time.
7. Looking forward to training date to commence your training. However, if a need to change the dates of the training arises, you will be notified immediately. This may be due to unavailability of the instructors or due to unavoidable logistic challenges.

 

ACCOUNT DETAILS

NAIRA ACCOUNT

BANK:                           ECOBANK

ACCOUNT NAME:       SBT PETROLEUM GEOSCIENCE LIMITED

ACCOUNT NUMBER:  1613062169

BRANCH:                     Chevron Branch

SORT CODE:               050150340

 

DOLLAR ACCOUNT

BANK:                           ECOBANK

ACCOUNT NAME:       SBT PETROLEUM GEOSCIENCE LIMITED

ACCOUNT NUMBER: 1613062183

BRANCH:                     Chevron Branch

SORT CODE:               050150340