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RESERVES RECOGNITION REPORTING & CERTIFICATION: UNDERSTANDING PRMS PRINCIPLES AND SEC RULES

COURSE OVERVIEW & LEARNING OUTCOMES

A unique course for professionals responsible for or aiming to develop skills in reserves reporting and certification. Participants are exposed to the Petroleum Reserves Management System (PRMS) principles and Securities and Exchange Commission (SEC) rules governing the reporting of oil and gas reserves. Reserves determine the value of an E&P company. Reporting reserves as accurately as possible to statutory bodies involves a clear understanding of the principles and rules of reporting it. 

TARGET PARTICIPANTS

  • Reservoir engineers

  • geologists

  • reserves managers

  • corporate reserves engineers

  • commercial analysts.

EXAMPLE MODULES

  • PRMS Principles 

  • Reserves vs. Resources & Prospects Definition 

  • Reserves Classification and Categorization 

  • Proved Probable and Possible Reserves 

  • Reserves Status Contingent Resources 

  • SEC Reserves Reporting Rules

DURATION

5 Days

LOCATIONS:

Houston Dubai

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