About JCORET
The Joint Committee on Reserves Evaluator Training was formed in 2006. These five member organizations are:
- Society of Petroleum Engineers (SPE)
- American Association of Petroleum Geologists (AAPG)
- World Petroleum Council (WPC)
- Society of Petroleum Evaluation Engineers (SPEE)
- Society of Exploration Geophysicists (SEG)
Committee Selection
Each member organization appoints up to three individuals to serve on the committee for up to 3 years. All appointed individuals have many years of experience in reserves evaluation and auditing and have earned the respect of their industry peers.
Annually, the committee elects an at-large chairperson to provide leadership and oversight. The at-large chairperson cannot vote except in the unlikely event of a tie vote. A vice-chair acts in the capacity of chairperson when the chairperson is not able to perform certain duties.
Anyone who wants to serve on JCORET should make their interest known to the leadership of one or more of the member organizations.
Current Committee - 2023/2024 Year
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SPE
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WPC
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AAPG
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SPEE
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SEG
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EAGE
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SPWLA
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Syed Hasan
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Pandele Neculae
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Bob Shoup
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Dee Patterson |
Fred Aminzadeh
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Xavier Troussaut
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Javier Miranda
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Elliott Young
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Ian McDonald
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Margo Liss
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Vacant |
Richard Xu
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Oistein Boe
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Philip Gibbons
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Vacant
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Vacant
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Enzo Aconcha
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Vacant |
Vacant
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Conner Ryan
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Vacant
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Chair
Carolina Coll
Secretary / Treasurer
Maxim Kotenev
History
After the United States Congress passed the Sarbanes-Oxley Act in 2002, significant petroleum reserves by publicly owned and the collective observations of several independent reserves estimators and auditors led to informal and formal discussions within the industry. The founding organizations selected and authorized representatives to investigate the following:
- Industry compliance with relevant definitions
- Competence of the individuals involved in preparing reserves and resources estimates
- Availability and quality of internal and external training opportunities
- Recommendations to improve deficiencies
The representatives found inconsistencies and omissions in the training opportunities available to petroleum reserves and resources evaluators. Some evaluators were privileged to participate in continuing high-quality training programs provided by their employers, while others had few opportunities even though their employers were well-recognized IOCs, and independent producers. Many independent consultants and commercial training firms were offering training courses of varying quality and content.