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Petroleum Reserves Estimates – Where we Have Been, Where we Are and Where we Appear to be Headed

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Course Credit: 0.15 CEU, 1.5 PDH

This presentation clarifies what the term “oil and gas reserves and resources means in several contexts. All reserves estimates must be based on a sound understanding of the prevailing definitions and the value of adequate high-quality data. Trained, ethical and independent reserves evaluators must interpret and present these estimates. The term “independent” should apply to internal reserves staff as well as third-party reserves evaluators.

This presentation will describe ongoing efforts by the sponsors of the Petroleum Resources Management System (PRMS) issued in 2007 to engage evaluators worldwide to begin to explore evolutionary modifications to the PRMS embracing geological appraisal and technological advances since 2007. Included also will be a listing of many countries and stock exchanges adopting all or part of the PRMS for their regulatory reporting and governance. Presented by Ron Harrell

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Course Chapters

  • 1Petroleum Reserves Estimates – Where we Have Been, Where we Are and Where we Appear to be Headed - Chapter 1
    Media Type: Video

Credits

Earn credits by completing this course0.15 CEU credit1.5 PDH credits

Speakers

D. Ronald (Ron) Harrell