SPE Workshop: Petroleum Resources Evaluations and Reporting: In Pursuit of a Common Understanding

SPE Workshop: Petroleum Resources Evaluations and Reporting - In Pursuit of a Common Understanding

This workshop is part of an international series that discusses implementation of the revised 2018 SPE/WPC/AAPG/SPEE/SEG/SPWLA/EAGE Petroleum Resource Management System (PRMS).

In two days of informal sessions, participants will review updates to the 2007 PRMS and compare this guidance to regulatory reporting requirements under US Securities and Exchange Commission (SEC) and the recently updated Canadian Oil and Gas Evaluation Handbook (COGEH) guidance that underpins NI 51-101 reporting. 

While each regulatory and government agency defines specific guidelines, the underlying principles of assessment and reporting used are based upon PRMS which is internationally accepted as a basis for the internal project and portfolio management. 

WHY ATTEND

Members of the SPE Oil and Gas Reserves Committee and industry experts will gather in an open forum to discuss the revised PRMS definitions, implications clarification of the changes. It is an opportunity to:

• Compare PRMS to existing regulatory and government reporting guidance
• Share practical examples and real-life experiences
• Discuss the future directions in petroleum reserves and resources evaluation and reporting