Oil and Gas Reserves Evaluation - OGR

By the end of this Oil and Gas Reserves Evaluation - OGR online training course, participants will learn to:

• Identify the scale of challenge
• Understand the technical & operational aspects integration / adaptations concept
• Analyse the various models adapted and regulated by the various international bodies such as the SEC
• Improve on skills to build on current capabilities
• Develop and fine tune current estimation methods

This Oil and Gas Reserves Evaluation - OGR online training course is suitable to a wide range of professionals but will greatly benefit:

• Energy Professionals
• Government regulators
• Equity analyst and Bankers
• Joint Venture officers
• Leaders involved in Reserves estimation and Reporting
• Reservoir Managers
• Integrated Reservoir Studies
• Geoscientists
• Reservoir Engineers
• Simulation Engineers
• Individuals accountable for Reserves estimation and Reporting

This PetroKnowledge online training course will utilize a variety of proven online learning techniques to ensure maximum understanding, comprehension, retention of the information presented. The training course is conducted online via an Advanced Virtual Learning Platform in the comfort of your choice location

The outlined content for this online training course can contribute significantly to the improvement of an oil and gas company in several ways:

• Enhanced Reservoir Management: By delving into detailed methodologies for reserves estimation, the training equips personnel to better manage and optimise reservoirs. This, in turn, can lead to increased recovery rates and prolonged asset life.
• Informed Decision-Making: The comprehensive coverage of various factors influencing reserves, including reservoir parameters, recovery factors, and estimation techniques, empowers decision-makers within the company. Informed decisions about well, reservoir, and project management can positively impact production and profitability.
• Risk Mitigation: The training's focus on uncertainty in reserves estimation provides valuable insights into risk management strategies. This can help the company anticipate and navigate potential challenges, reducing operational and financial risks.
• Alignment with Industry Standards: Understanding and implementing industry standards such as SPE-PRMS and SEC ensures that the company's reporting practices align with globally recognised benchmarks. This fosters credibility and transparency, which can be crucial for regulatory compliance and stakeholder trust.
• Optimised Gas Reservoir Management: The specific attention given to gas reservoirs, including pressure regimes, material balance, and various extraction strategies, supports effective management of gas reserves. This is particularly relevant in a market where gas plays a significant role.

Overall, this online training course provides a holistic approach to reserves estimation and reporting, aiming to optimise operations, enhance decision-making, and ensure the company's compliance with industry standards and regulations.

By the end of this PetroKnowledge Oil and Gas Reserves Evaluation -OGR online training course, participants will be able to efficiently develop and manage the CNG transportation sector.

• Efficient Resource Management: The training on the PRMS system and guidelines for its application aids in efficient resource management. This includes proper categorisation, assessment, and evaluation of petroleum resources, contributing to a more strategic and organised approach as is provided by a well-trained work force.
• Adherence to Corporate Governance: The introduction of Corporate Governance Reporting Systems, along with discussions on E&P Reserves and Resources Operating Standards, SEC regulations, and SORP regulations, promotes adherence to ethical practices and regulatory compliance.
• Professional Development: The training enhances the skills and knowledge of employees, contributing to ongoing professional development within the company. Well-trained staff are better equipped to handle complex tasks, fostering a culture of continuous improvement.
• Consistent Practices: An overview of actual practices and regulations for reserves calculation and reporting processes ensures consistency and standardisation across the organisation. This can lead to streamlined processes and improved accuracy in reporting.
• Knowledge Transfer: The transfer of knowledge and experiences in reserves booking, audits, and certifications ensures that best practices are shared within the organisation, creating a knowledgeable and skilled workforce.