Oil & Gas Training
and Competency Development

Location Abu Dhabi, United Arab Emirates
Start16 Dec 2018
End20 Dec 2018
Discipline Reservoir Engineering ,
Field Development Planning
Duration5 Days
CostUSD 4,500.00
Delivery Mechanism Classroom

Client Testimonials

The best thing I liked in this training was scientific material. It will improve my ability to enhance and develop my career
Clarity of materials and presented subjects was fantastic. Learning was close to my current work requirements
Had a knowledgeable, highy experienced instructor who clearly demonstrated the material, very ethusiastic for the subject. I will be able to apply material to aspects of my job.
Enjoyed the instructor's knowledge and practical examples drawn up from his extensive experience.
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Resources and Reserves Evaluation

This course will include the presentation of various reserve estimating methodologies, to include the difference between resources and reserves.  The classifications and definitions of these reserves and resources, along with a guideline for the application of these definitions will be covered.  PRMS, SPE, WPC, AAPG, SEC, and other regulatory authority guidelines will be discussed. 

The course will update G&G and reservoir engineers with the newest and most accurate methods for obtaining the value of a reserve.  Following the completion of this course, all participants should be able to manage deterministic and probabilistic methods, with the aim of gaining a thorough understanding of various reserve levels and their equivalence in both systems.

  • Agenda
  • Audience
  • Prerequisites
  • Location
  • Agenda

    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. 

  • Audience

    Individuals with both geoscience and engineering backgrounds.

  • Prerequisites

    A basic knowledge of reservoir engineering and petroleum geology, along with an Engineering or GeoSciences degree.

  • Prerequisites

  • Location

    Abu Dhabi

    Abu Dhabi is the capital of and the second largest city in the United Arab Emirates. Abu Dhabi lies on a T-shaped island jutting into the Persian Gulf from the central western coast.

    Abu Dhabi has a hot climate. Sunny/blue skies can be expected throughout the year.

    Abu Dhabi

    The buildings in Abu Dhabi are too diverse to be characterised by one particular architectural style, especially as they have been built over a long period of time and drawn on a wide range of influences.

    Abu Dhabi is home to a number of cultural institutions including the Cultural Foundation and the National Theater. The Cultural Foundation is home to the UAE Public Library and Cultural Center. Various cultural societies such as the Abu Dhabi Classical Music Society have a strong and visible following in the city. The recently launched Emirates Foundation offers grants in support of the arts, as well as to advance science and technology, education, environmental protection and social development. The city also stages hundreds of conferences and exhibitions each year in its state-of-the-art venues, including the Abu Dhabi National Exhibition Centre (ADNEC) which is the Persian Gulf's largest exhibition center and welcomes around 1.8 million visitors every year. The Red Bull Air Race World Series has been a spectacular sporting staple for the city for many years, bringing tens of thousands to the waterfront. Another major event is the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC).

    The diversity of cuisine in Abu Dhabi is a reflection of the cosmopolitan nature of the society. Arab food is very popular and is available everywhere in the city, from the small shawarma to the upscale restaurants in the city's many hotels.

    Abu Dhabi International Airport (AUH) is the city's main aviation hub and the second busiest airport in the UAE.

    From Wikitravel licensed under Creative Commons Attribution-ShareAlike 3.0

    • Timezone : GMT+04:00, Arabian (Abu Dhabi, Muscat)
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