Resources and Reserves
- Overview of Resource Classification System in view of SPE PRMS latest guidelines
- Deterministic Reserves Estimation Methods
- Recovery Factors
Day one of this course will begin with an introduction and a basic overview of Resource Classification System in view of SPE PRMS latest guidelines. Participants will lstart discussing the traditional reserves estimation methods; analogy and volumetric methods will be covered in day 1.
Reserves Estimation and Link to Project Economics
- Deterministic Reserves Estimation Methods (continued)
- Material Balance Analysis
- Classical Decline Curve Analysis
- Advanced Decline Curve Analysis
- Reserves: Link to Project Economics and Valuation
On this day participants will continue discussing the reserves estimation methods. Material Balance Analysis and Decline Curve Analysis will be covered in day 2. The participants will also learn how project economics are linked to reserves.
Deterministic Field Example
- Deterministic Analysis on an Example Field
- Basics of Descriptive Statistics
On day 3 participants will go through deterministic resource and reserves analysis and estimation on an example field. Basics of descriptive statististics will also be covered.
Statistics, Probability, and Uncertainty
- Basic Probability and Operations with Probabilities
- Probability Distributions
- Expected value
- Probailistic Reserves Estimation
On this day participants will learn about probability and uncertainty that are associated with reserves. Day four will also cover the expected value of a reserve and the decision tree.
Probabilistic Reserve Estimation
- Probabilistic Reserves Estimation (continued)
- Monte Carlo Simulation
The last day of the course will cover simulation and probabilistic reserve estimations.
Individuals with both geoscience and engineering backgrounds.
A basic knowledge of reservoir engineering and petroleum geology, along with an Engineering or GeoSciences degree.
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.
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.
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