Exploring the Petroleum Resources Management System (PRMS 2018)

Description: 

This course provides an overview of the 2018 update of the SPE Petroleum Resources Management System (PRMS).

Duration: 7.5 hours

Expiration: This course expires 12 months from date of registration.

Content: 

  • Fundamentals of PRMS. This session provides a concise summary of PRMS, and serves as an introduction to later, more detailed sessions.
  • Resources Classifications. This session provides details of criteria for classification of resources as prospective resources, contingent resources, and reserves. In addition, it discusses the subclasses of each resources class, including criteria for promotion to more mature classifications.
  • Details of Resources Categories. This session provides details of categories into which we place resources in a given classification, with an emphasis on the differing degrees of uncertainty in the different categories. We also discuss the various reserves status definitions in PRMS and economic issues that affect placement of resources in the PRMS classification framework.
  • Resources Assessment Methods. This session discusses the elements of deterministic, probabilistic, and geostatistical methods of resources assessment. It also introduces the idea of combining the different methods in an integrated approach.
  • Key Changes in PRMS 2018 Update. This session emphasizes that the PRMS 2018 update is dominated by clarifications rather than revisions. Major changes discussed include modifications of the PRMS classification framework, clarification of the terms “economic” and “commercial,” split conditions and split classifications, treatment of ADR costs, and treatment of “consumed in operations” or CiO.
  • Navigating in the PRMS Document. This session discusses the content of the various sections of the PRMS document and how to locate an item of interest in the document, such as the definition and application of a term or phrase of interest.  

This webinar is categorized under the Reservoir discipline.  

Dr. John Lee

Von Gonten Chair in Petroleum Engineering, Texas A&M University

John holds BS, MS and PhD degrees in chemical engineering from the Georgia Institute of Technology. He worked for ExxonMobil early in his career and specialized in integrated reservoir studies. He later joined the Petroleum Engineering faculty at Texas A&M, and became Regents Professor of Petroleum Engineering. While at A&M, he also served as a consultant with S.A. Holditch & Associates, where he specialized in reservoir engineering aspects of unconventional gas resources. He joined the University of Houston faculty in September 2011 and held the Cullen Distinguished University Chair until September 2015, when he rejoined the Texas A&M Faculty. He served as an Academic Engineering Fellow with the U.S. Securities & Exchange Commission (SEC) in Washington during 2007-2008, and was a principal architect of the modernized SEC rules for reporting oil and gas reserves. He and his team received the SEC’s Law and Policy Award in 2009. John is the author/co-author of four textbooks published by SPE and has received numerous awards from SPE, including the Lucas Medal, the DeGolyer Distinguished Service Medal and Honorary Membership. He has received Distinguished Achievement and Honorary Life Member Awards from SPEE. He is a member of the U.S. National Academy of Engineering and the Russian Academy of Natural Sciences.

.75 CEUs and 7.5 PDHs offered.

Members : USD 115.00

Non-members : USD 150.00

Key:

Complete
Failed
Available
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Course Pre-Exam
10 Questions  |  Unlimited attempts  |  0/10 points to pass
10 Questions  |  Unlimited attempts  |  0/10 points to pass
Part 1 Webinar Recording: Fundamentals of PRMS
Open to view video.
Open to view video.
Part 1 Exam: Fundamentals of PRMS
5 Questions  |  Unlimited attempts  |  5/5 points to pass
5 Questions  |  Unlimited attempts  |  5/5 points to pass
Part 2 Webinar Recording: Resources Classifications
Open to view video.
Open to view video.
Part 2 Exam: Resources Classifications
5 Questions  |  Unlimited attempts  |  5/5 points to pass
5 Questions  |  Unlimited attempts  |  5/5 points to pass
Part 3 Webinar Recording: Details of Resources Categories
Open to view video.
Open to view video.
Part 3 Exam: Details of Resources Categories
5 Questions  |  Unlimited attempts  |  5/5 points to pass
5 Questions  |  Unlimited attempts  |  5/5 points to pass
Part 4 Webinar Recording: Resources Assessment Methods
Open to view video.
Open to view video.
Part 4 Exam: Resources Assessment Methods
5 Questions  |  Unlimited attempts  |  5/5 points to pass
5 Questions  |  Unlimited attempts  |  5/5 points to pass
Part 5 Webinar Recording: Key Changes in PRMS 2018 Update
Open to view video.
Open to view video.
Part 5 Exam: Key Changes in PRMS 2018 Update
5 Questions  |  Unlimited attempts  |  5/5 points to pass
5 Questions  |  Unlimited attempts  |  5/5 points to pass
Part 6 Webinar Recording: Navigating in the PRMS Document
Open to view video.
Open to view video.
Part 6 Exam: Navigating in the PRMS Document
5 Questions  |  Unlimited attempts  |  5/5 points to pass
5 Questions  |  Unlimited attempts  |  5/5 points to pass
Certificate
0.75 CEU/7.5 PDH credits  |  Certificate available
0.75 CEU/7.5 PDH credits  |  Certificate available
Survey
20 Questions