Event Date/Time: Jan 27, 2009
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End Date/Time: Jan 28, 2009 |
Description
This Euromoney Energy Training course focuses on the key issues involved in reporting, analysing and accounting for petroleum reserves and production at both asset and corporate level. Accounting for the accurate recording of reserves and production is of paramount importance in both meeting regulatory requirements and the optimal management of fields and assets.
There are several key categories of reserves to consider and there are subtle differences between the rules for classifying reserves adopted by financial regulators and those identified as best practice by the Society of Petroleum Engineers. Therefore there are both financial and technical dimensions to reserves classification and reporting. This course addresses both.
The course employs a mixture of PowerPoint presentations, case studies, exercises and videos to achieve its learning outcomes. The emphasis is on integrating technical and financial aspects of reserves measurement and reporting.
Venue
Additional Information
How this course will help you
Attend this practical and interactive three-day training course and enhance your knowledge of the following key areas:
Petroleum Reserves Concepts
Volumetric Methods for Measuring Reserves
Probabilistic and Deterministic Approaches
Impact of Reserves on Financial Statements
Contrasting US SEC and SPE Reserves Definitions
Uncertainty, Risk and Opportunity with
Respect to Reserves Analysis
Simulation Methodologies for Estimating Reserves
Quality of Nationally Reported Oil & Gas Reserves Volumes
Standard Measures and Reserves Valuation
How Could Reserves Reporting be Improved?
Who should attend
This course is designed for a multi-disciplined audience suited to those involved in oil and gas reserves assessment and their interpretation, including:
Hydrocarbon accountants
Geoscientists and engineers
Planning professionals
Business analysts
Financial advisers & bankers
Risk and opportunity managers
Oil & Gas company asset managers
Oil & Gas economists
Legal advisors
Acquisition, divestment & new business professionals