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Reserves Evaluations / EVAL-01 / Calgary, AB

5 days / 10-14 September 2018

SPE - Evaluation of Oil & Gas Properties for Technical Professionals

Matthew O’Blenes P.Eng.

Senior Petroleum Engineer

Matthew O’Blenes has been a Sproule professional since 1997. Matthew lectures to industry through Sproule’s in-house course, Evaluation of Canadian Oil and Gas Properties. He has experience in Australia and Canada. Matthew’s career has focused on natural gas, encompassing the areas of reserves, production, storage, transmission and distribution. His experience includes both operational and planning points of view, with emphasis on economics and system performance.

Hayley Silberg P.Geo.

Geoscientist and Manager, Sproule Training

Hayley has been a Petroleum Geoscientist (P.Geo.) with Sproule's Reservoir Characterization Practice Area for five years. She performs seismic interpretation, seismic attribute mapping, geostatistical analysis, 3-D reservoir modelling, uncertainty modelling and reserves evaluation. Additionally, Hayley is Sproule’s Training Manager. She has experience in Western Canada, Ontario, Eastern Canada, the United States, the North Sea, Africa, New Zealand, Colombia and Madagascar.

$2,900/$3,200

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Description

In partnership with the Society of Petroleum Engineers (SPE), this comprehensive 5-day course presents the foundational components and techniques of evaluating global oil and gas properties. By the end of this course, participants will fully understand the evaluation process, where to source the appropriate data, how to evaluate an oil and gas property, how to interpret evaluations done by others and, ultimately, how to make sound investment decisions. The course lecture material, which is supported by a number of workshop exercises, culminates with a scenario-based learning experience in which students work in teams and compete for points as they analyze a factual business takeover.

Topics

The material covered in the course is very practical, and includes many tips and insights in evaluating wells, groups of wells, properties and companies. Topics include:

  • Petroleum geology and geophysics
  • Resource and reserves definitions
  • Estimating reserves and production
  • Probabilistic methods
  • Interests and royalties
  • Capital and operating costs
  • Time value of money
  • Profitability indices
  • Income taxes
  • Oil, gas and product prices
  • Use of evaluations
  • Class evaluations case study

Designed for

While this course has a more technical focus related to reserves determination, it is designed for engineers, geologists, geophysicists, land negotiators, accountants, technologists, and anyone who wants to understand the process and results of evaluating oil and gas properties.

**This course is in partnership with the Society of Petroleum Engineers (SPE) and is open to members and non-members. You will be redirected to the SPE website to register.