With the 2018 update to PRMS, the evolution of this important document continues with clarifications of existing terms and concepts as well as introductions of new terms. One constant has been the requirement of “commerciality” as an element of reserves. To ensure PRMS users distinguish “commercial” from “economic”, this online training course explains both terms. Also, related terms, like “economic limit”, are explained along with some FAQs on economic topics.

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

With excerpts taken from the 2018 Hydrocarbon Economics and Evaluation Symposium, this course provides an overview of the key changes in the 2018 Update, practical examples for interpreting common issues, and usage of the PRMS in regulatory environments.

This topic outlines developments in seismic technology as they relate to direct hydrocarbon indicators.

This topic details the four basic rules to follow when acquiring seismic data for stratigraphic purposes and the four different processes for maximizing resolution in stratigraphic processing.

This topic defines porosity and describes its different types as they relate to reservoir quality. It defines permeability and explains how it is determined in a laboratory setting. The course summarizes the different elements associated with rock texture and describes how those elements affect the porosity and permeability of a reservoir. It explains how capillary pressure affects the overall quality of a reservoir.

This course explains the importance of hydrocarbon traps in petroleum exploration, describes the major types of hydrocarbon traps and lists the components of a hydrocarbon trap.

This course outlines the three major steps in seismic processing flows, defines seismic noise and lists the two types of noise that processing tries to suppress.

This course explains how the final 3D processed traces fit to an interpretation grid. It lists three seismic displays that are unique to 3D data.

This topic outlines the process of integration when working with velocity data