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  • Class and Course

    GeoX Resource Tracker

    This 2-day course provides participants with an overview of tracking and management resources of company assets. The course combines lectures, exercises using manual calculations, and hands-on exercises using the GeoX Resource Tracker to illustrate resource classification concepts and their application. The main part of the course is built around realistic cases following changes in company resources and reserves within and between booking periods in terms of projects, assets and entitlements. The introduction will look at doing the basic deterministic and stochastic booking of resources and reserves as well as creating new projects, assets and entitlements. The concepts and application will go through setting up the classification model for dividing the different proven and unproven resources in the booking periods. The course will also give a basic introduction to assessing projects resources classification and category in the context of a Petroleum Resource Management System framework (PRMS).

    Day 1
    • Introduction to reserve management basics
    • Setting up the Reserve tracker for manual booking
    • Creating a new project with initial prospective resources and following this through maturation to reserves on production.
    Day 2
    • Stochastic assessment of projects
    • Automatic booking from GeoXplorer
    • Reporting and reconciliation

    Reserve manager, Engineers, Commercial team members, or Managers who need to analyze and validate the project and company assets.

    • Introduction to reserve management basics
    • Setting up the Reserve tracker for manual booking
    • Creating a new project with initial prospective resources and following this through maturation to reserves on production.
    • Stochastic assessment of projects
    • Automatic booking from GeoXplorer
    • Reporting and reconciliation

    A working knowledge of reserve management. Previous experience with GeoX is an advantage, but not required

    GeoX Prospect Assessment Fundamentals (PACA)

    Currently there are no scheduled classes for this course.

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