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Exploring the Petroleum Resources Management System (PRMS 2018)

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Course Credit: 0.75 CEU, 7.5 PDH

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:

  1. Fundamentals of PRMS. This session provides a concise summary of PRMS, and serves as an introduction to later, more detailed sessions.
  2. 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.
  3. 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.
  4. 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.
  5. 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.
  6. 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.

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 6 chapters

Course Chapters

  • 1Part 1: Fundamentals of PRMS
    Media Type: Video

    Webinar Recording: Fundamentals of PRMS (Exploring the Petroleum Resources Management System PRMS 2018)

  • 2Part 2: Resources Classifications
    Media Type: Video

    Webinar Recording: Resources Classifications

  • 3Part 3: Details of Resources Categories
    Media Type: Video

    Webinar Recording: Details of Resources Categories (Exploring the Petroleum Resources Management System (PRMS 2018)

  • 4Part 4: Resources Assessment Methods
    Media Type: Video

    Webinar: Resources Assessment Methods (Exploring the Petroleum Resources Management System (PRMS 2018)

  • 5Part 5: Key Changes in PRMS 2018 Update
    Media Type: Video

    Webinar: Key Changes in PRMS 2018 Update (Exploring the Petroleum Resources Management System  - PRMS 2018)

  • 6Part 6: Navigating in the PRMS Document
    Media Type: Video

    Webinar: Navigating in the PRMS Document (Exploring the Petroleum Resources Management System - PRMS 2018)

Credits

Earn credits by completing this course0.75 CEU credit7.5 PDH credits

Speakers

John Lee