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.

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