Reservoir Economics and Risk Analysis
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For PEA Members Only
This workshop delivers practical insights into reservoir economics and risk analysis, equipping participants with the tools to evaluate project value, assess uncertainties, and make informed investment decisions. The session emphasizes integrating economic principles with technical data to support sound planning and sustainable field development.
Workshop Objectives
• Understand key economic concepts applied to reservoir evaluation.
• Learn methods to model cash flows, reserves, and project profitability.
• Explore techniques for identifying and quantifying risks and uncertainties.
• Apply risk-adjusted decision-making to real-world reservoir scenarios.
About the Presenter
The workshop will be led by an experienced industry professional with a strong background in reservoir engineering, economics, and risk management. With extensive project and training experience, the presenter offers practical guidance to help participants link technical analysis with economic decision-making for improved project outcomes.
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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.