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Reserves Estimation & SPE-PRMS Classification

Reserves Estimation & SPE-PRMS Classification

Location
Duration
Online / In-class
5 Days

Sector:

Oil and Gas - Finance

Technical Focus Area: 

Subsurface & Flow

About the Course

This course provides practical training in reserves and resources estimation under the SPE Petroleum Resources Management System (SPE-PRMS). Participants learn how classification decisions affect corporate reporting, investment decisions, and regulatory compliance across the reserves lifecycle.

The program covers deterministic and probabilistic estimation techniques, decline curve analysis, and the documentation standards needed to defend reserves figures during internal and external audits. Case studies illustrate common classification challenges encountered in mature and developing fields.

Learning Milestones

By the end of this course, participants will be able to:

- Classify reserves and resources per the SPE-PRMS framework.
- Apply probabilistic (P90/P50/P10) estimation methods.
- Prepare a defensible reserves report for internal or external audit.
- Apply decline curve analysis to estimate remaining reserves.
- Distinguish proved, probable, and possible reserve categories.
- Evaluate the impact of commercial and technical uncertainty on reserves.
- Align reserves reporting with regulatory and investor requirements.

Professional Audience

This course is ideal for professionals involved in reserves estimation and reporting, including:

- Reserves engineers and analysts
- Reservoir engineers supporting reserves reporting
- Corporate planning and finance professionals
- Auditors reviewing technical reserves reports
- Investment and portfolio analysts
- Regulatory affairs professionals

Modular Syllabus

SPE-PRMS Framework Fundamentals

Reserves and resources classification categories

Commerciality and project maturity criteria

Roles of technical and commercial uncertainty

Comparing SPE-PRMS with other reporting frameworks

Governance of reserves classification decisions

Course Dates & Prices

Picture
Location
Date
Price
Enroll to the Course
Muscat (Oman)
05/10/2026
3799 $
Enroll
Istanbul (Turkey)
05/10/2026
3699 $
Enroll
Online
05/10/2026
1499 $
Enroll
Online
12/10/2026
1499 $
Enroll
Dubai (UAE)
12/10/2026
3799 $
Enroll
Cairo (Egypt)
12/10/2026
3699 $
Enroll
Online
19/10/2026
1499 $
Enroll
Dubai (UAE)
19/10/2026
3799 $
Enroll
Online
26/10/2026
1499 $
Enroll
London (UK)
26/10/2026
4099 $
Enroll
Istanbul (Turkey)
26/10/2026
3699 $
Enroll
Doha (Qatar)
02/11/2026
3799 $
Enroll
Online
02/11/2026
1499 $
Enroll
Kuala Lumpur (Malaysia)
02/11/2026
4199 $
Enroll
Dubai (UAE)
02/11/2026
3799 $
Enroll
Dubai (UAE)
09/11/2026
3799 $
Enroll
Online
09/11/2026
1499 $
Enroll
Online
16/11/2026
1499 $
Enroll
Dubai (UAE)
16/11/2026
3799 $
Enroll
Dubai (UAE)
23/11/2026
3799 $
Enroll
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