Dr. Ahmed Aly has an extensive project experience in Reserves Estimation,
Classification & Reporting all over the world. Technical Member, SPE Reservoir ...
Mastering Petroleum Reserves Estimation, Classification & Reporting Apply Effective Estimation and Classification Methods for Oil and Gas Reserves
Date: Location:
10th November 2014 – 14th November 2014 Kuala Lumpur, Malaysia
A lot of Case Studies, Practical Things and Exercises
Petrosync Distinguished Lecturer Prof. Dr. Ahmed Aly Chairman and Technical Director, Technical Petroleum Services, Inc. Schlumberger Scientific Advisor, Reservoir & Production Eng. Associate Professor, Petroleum Eng., American Univ. in Cairo Technical Member, SPE Reservoir Testing Technical Committee
More than 26 years of experience in petroleum engineering projects & services Prof. Dr. Ahmed Aly has an extensive project experience in Reserves Estimation, Classification & Reporting all over the world. Ran numerous Training Program on Petroleum Reserves Estimation, Classification and Reporting around the world Schlumberger - the Europe, Caspian & Africa Area Marketing & Technical Director for Schlumberger DCS Group (2006-2008) Schlumberger - the Western U.S. Regional Operations Manager for the Schlumberger Data & Consulting Services group (2002-2006) Technical Member, SPE Pressure Transient Testing Technical Committee (1998-2000) Board Member, SPE Egyptian Section (2000-2002, 2009-present) SPE Committee Chair, Reservoir Monitoring Committee (2006-2007)
Supported by
Masterclass Objectives GAIN an overview of the Petroleum Asset Life Cycle and key parameters, data and info needed for Reserve Estimations. Gain an overview of international reserve estimation guidelines and reporting practice UNDERSTAND the key definitions and classification guidelines for reserves and resources DISTINGUISH between the various terminologies used in defining reserves and resources DETERMINATION of Reserves by analogy volumetric techniques; by material balance, and focus with hands on exercises on DETERMINATION of Reserves from conventional production data analysis and advanced decline curve analysis. INTEGRATE both deterministic and probabilistic approaches to calculate reserves OVERCOME the uncertainty faced in performing reserve estimation methodologies APPLY the international reserve standards to accommodate and manage unconventional resources LEARN about various compliant methods of generating and interpreting reserves report Masterclass Overview The evaluation and reporting of petroleum resources is an integral part of a petroleum company’s project and portfolio management process. Without an accepted classification and reporting standard, it will be difficult to objectively compare projects internally and for external agencies and investors to compare company assets and performance. This course provides guidance on industry reporting standards based on the Society of Petroleum Engineers (SPE) Petroleum Resources Management System (PRMS). PRMS is compared to the new US Securities and Exchange Commission (SEC) disclosure rules and the reporting requirements in other selected agencies. PRMS is jointly sponsored by the SPE, the World Petroleum Council (WPC), the American Association of Petroleum Geologists (AAPG), and the Society of Petroleum Evaluation Engineers (SPEE) and endorsed by the Society of Exploration Geophysicists (SEG). Specially Designed for The course is designed for technical personnel and professionals involved in estimating, classifying, and reporting, or using reports of, petroleum reserves and resources based on SPE’s Petroleum Resources Management System (PRMS) and the US Securities and Exchange Commission (SEC) recently revised regulations. They include: Reservoir, Petroleum Engineers Geoscientists Project, Reserves and Engineering Managers Accounting and Finance Legal Counsel
Mastering Petroleum Reserves Estimation, Classification & Reporting 10th - 14th November 2013
DAY 1
Day 1 provides a detailed understanding of the Life Cycle of a Petroleum Asset and the main parameters, data and info needed for Reserve Estimation. • Reservoir Life Cycle. • Rock Properties for Reserve Estimations • Fluid properties for Reserve Estimations • Basic definitions and classification of types of reserves • Class exercises DAY 2
Day 2 will focus on the intermediate to advanced reserve classification and the different bodies (SEC, SPE/WPC) guide lines and we will cover the reporting methods of Reserves. • Purpose of Reserves. • Resources vs. Reserves • Reserve Definitions: o SEC definitions o SPE/WPC definitions o SEC vs. SPE/WPC o Reserves status categories Reporting Requirements • o SEC Red-flags o Sarbanes-Oxley Act of 2002 o Three Points to Avoiding Writedowns Types of Reserves Studies • o Reserves Reviews o Reserves Audits o Reserves Reports Classification Exercise • DAY 3
Day 3Explains the major reserves and resources estimation methods employed from pre-discovery through to field abandonment and their interface into economic evaluations. Special techniques are presented to assess and classify unconventional resources. Class exercises will be used to illustrate selected integration methods.
• Determination of Reserves by analogy volumetric techniques • Determination of Reserves by material balance • Determination of Reserves from conventional production data analysis DAY 4
Day 4 Focuses on determining reserves using Advanced decline curve analysis with hands-on case studies and field Exercises on the software • Determination of Reserves from advanced decline curve analysis. • Hands-on Project/Exercise on Advanced Decline Curve Analysis
DAY 5
Day 5 Focuses Integrating the industry standard Reserve Definitions and Reporting Requirements with the Petroleum Economics and will go over the key aspects of Project Economics
• Petroleum Economics and time value of money, • Cash flow analysis, • Financial yardsticks (net present value, rate of return, etc.), • Expected Value and Decision Trees, reserves and • International contracts. • Handson Exercises • Summary and Course Closure with Case studies from around the world
Petrosync Lecturer Prof. Dr. Ahmed Aly Integrated Gas Reservoir Management Expert
Prof. Dr. Ahmed Aly has over 26 years of industry experience in the area of petroleum engineering projects & services in the Oil & Gas Industry. Since 2008 until now, Prof. Dr. Ahmed Aly is the : • Chairman and Technical Director, Technical Petroleum Services, Inc. • Schlumberger Scientific Advisor, Reservoir & Production Eng. • Associate Professor, Petroleum Eng., American Univ. in Cairo • Technical Member, SPE Reservoir Testing Technical Committee Prof. Dr. Ahmed Aly has an extensive project experience in Reserves Estimation, Classification & Reporting all over the world. Prof. Dr. Ahmed Aly hold more than 30 publications. Prof. Dr. Ahmed Aly ran numerous training program on Petroleum Reserves Estimation, Classification and Reporting around the world Prof. Dr. Ahmed Aly conduct more than 50 Oil and Gas technical trainings. EXPERIENCED IN
Reserve audit and economic evaluation Unconventional Gas (Tight Gas and Shale Gas) integrated field development projects & reservoir management Gas reservoir engineering and reservoir management Applied reservoir simulation Pressure transient testing and analysis Production data analysis & predictions Formation Evaluation Interpretation CLIENT LIST • • • • • •
Schlumberger BP Egypt PDO Oman Oil QP and Sahara Oil & Gas Ras Al Khaima (RAK) petroleum
• • • • •
EGPC CCED PICO Apache Egypt EFG Hermes Investment Bank
PROGRAM SCHEDULE 08:00 – 09:00 09:00 – 11:00 11:00 – 11:15 11:15 – 13:00 13:00 – 14:00 14:00 – 15:30 15:30 – 15:45 15:45 – 17:00 17:00
Registration (Day1) Session I Refreshment & Networking Session I Session II Lunch Session III Refreshment & Networking Session II Session IV End of Day
Course Details
PROGRAMME CONSULTANT
Title : Mastering Petroleum Reserves Estimation, Classification & Reporting Date : 10th Nov 2014 – 14th Nov 2014 Location : Kuala Lumpur, Malaysia
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