Prospect Evaluation, Risks and Volumes
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For PEA Members Only
This workshop delivers a structured approach to evaluating exploration prospects, assessing geological and commercial risks, and estimating hydrocarbon volumes. Participants will gain practical insights into prospect assessment workflows and decision-making processes that guide exploration investments.
Workshop Objectives
• Understand the fundamentals of prospect definition and evaluation.
• Apply methodologies for volumetric estimation and resource classification.
• Assess geological, technical, and commercial risks in exploration projects.
• Integrate geoscience and engineering data into prospect evaluations.
• Strengthen decision-making for exploration portfolio management.
About the Presenter
The workshop is conducted by a senior industry professional in exploration geology, risk assessment, and resource evaluation. Drawing on field experience and best practices, the presenter equips participants with practical tools to apply robust evaluation methods and enhance exploration outcomes.
Premium Workshop
For PEA Members Only
Foundation of SPE PRMS
This foundation workshop teaches you SPE PRMS, the oil and gas industry's standard system for classifying and reporting reserves. You'll learn why hydrocarbons in the ground aren't reserves, why every reserve must be tied to a real project, and how volumes move from discovered to commercial to booked. We use ultra-heavy oil field as a real-world case study to show how it all plays out.Built for engineers, geologists, and finance teams who work with reserves.