Oil & Gas Training
and Competency Development

Discipline Geology ,
Economics and Finance
LevelSkill
Duration2 Days
Delivery Mechanism Classroom
Interested in attending this course? Click below to be alerted when scheduled


Print Email

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).

  • Agenda
  • Topics
  • Audience
  • Prerequisites
  • Agenda

    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
  • Topics

    • 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
  • Audience

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

  • Prerequisites

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

    GeoX Prospect Assessment Fundamentals (PACA)

  • Prerequisites

NExT Technical Forum:
Continue your in-class discussion and questions in an online community