Resources and Reserves Evaluation

Day 1

Resource Classification

  • Overview of resources classification 
  • Classification of resources and reserves 
  • Supplementary resources and reserves definitions

Day one of this course will begin with a basic overview of resource classification.  Participants will learn about the classification of resources and reserves.   Supplementary resources and reserve definitions will also be discussed.

Day 2

Petroleum Economics  

  • Basic petroleum economics
  • Before tax cash flow
  • After tax cash flow
  • Selecting investments
  • Economic limit

On this day participants will learn about petroleum economics.  After starting off with the basics, the participants will also learn about before and after tax cash flow.  Selecting investments and the economic limit will also be discussed.

Day 3

Deterministic Reserves 

  • Deterministic reserves estimation methods
  • Criteria for analogues
  • Field examples of deterministic reserves estimates

Participants will learn about deterministic reserves estimation methods on this day.  One main focus will be on the criteria for analogues.  On this day planned field examples of the deterministic reserve estimates will be shown to the students.

Day 4

Statistics, Probability, and Uncertainty 

  • Statistics, probability, uncertainty
  • Expected value and decision trees

On this day participants will learn about statistics, probability, and uncertainty that are associated with reserves.  Day four will also cover the expected value of a reserve and the decision tree.

Day 5

Reserve Estimation 

  • Simulation and probabilistic reserves estimation

The last day of the course will cover simulation and probabilistic reserve estimations.

Event Properties

Event Date 07-15-2019 8:00 am
Event End Date 07-19-2019 5:00 pm
Registration Start Date 06-07-2019
Capacity 16
Registered 0
Available place 16
Cut off date 06-15-2020
Individual Price $2,950.00
Gaidar St, Almaty, Kazakhstan

Group Rate

#Registrants Rate/Person($)
6 2,750.00
12 2,450.00
$2,950.00 16
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We believe there’s more to achieving an economic shale development than simply finding the sweet spot and unlocking it cost effectively.

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