Oil and Gas Resources and Reserves Evaluation

Oil, Gas & Petroleum · 5 Days · Public · Al-Khobraa certified · From USD 2,500

Overview

This newly revised course will cover the definitions of and uses for, oil and gas reserves estimates, and how to be compliant with each of the industry standard (SPE-PRMS) and regulator's (US SEC) versions of the reserves requirements. Participants will learn how geoscience and engineering evaluation methods should be used for compliance of reserves estimates, the differences in the evaluation assumptions between PRMS and SEC, and how the inherent uncertainties in reserve estimates are reflected by the categorization of reserves.

Learning Objectives

• Interpret and apply the 2018 SPE-PRMS reserves definitions and principles
• Interpret and apply the US SEC reserve definitions under SEC reporting regulations
• Generate compliant reserves estimates and reports using either PRMS or SEC definitions
• Comprehend and work with a typical third-party reserves report
• Understand the proper use of traditional engineering and geoscience techniques to satisfy reserve reporting requirements
• Demonstrate the reliability of modern techniques in your reserve estimates
• Prepare for audit reviews of your reserves estimates by third-party auditors, the SEC, or banks
• Document and defend your reserve estimates for external inspection or internal historical records

Who Should Attend

This course is designed for professionals working in oil and gas, as well as those whose responsibilities require a stronger practical grasp of the subject and its application within their organisation.

• Professionals in Petroleum Economics & Commercial
• Engineers and specialists in oil & gas operations
• Operations, process and field personnel

Course Outline

Day 1 — Resources and Reserves

• Introduction
• Overview of Resource Classification System in view of SPE PRMS latest guidelines
• Deterministic Reserves Estimation Methods Analogy
• Volumetric

Day 2 — Reserves Estimation and Link to Project Economics

• Deterministic Reserves Estimation Methods (continued) Material Balance Analysis
• Classical Decline Curve Analysis
• Advanced Decline Curve Analysis
• Reserves: Link to Project Economics and Valuation

Day 3 — Deterministic Field Example

• Deterministic Analysis on an Example Field
• Basics of Descriptive Statistics
• participants will go through deterministic resource and reserves analysis and estimation on an example field. The basics of descriptive statistics will also be covered.

Day 4 — Statistics, Probability, and Uncertainty

• Basic Probability and Operations with Probabilities
• Probability Distributions
• Expected value
• Probailistic Reserves Estimation

Day 5 — Probabilistic Reserve Estimation

• Probabilistic Reserves Estimation (continued)
• Monte Carlo Simulation

Accreditation

Al-Khobraa certified. On completion delegates receive an Al-Khobraa certificate of achievement.

Dates & Venues

Dates	Venue	Delivery	Duration	Fee (USD)
21–25 September 2026	Online / Virtual	Virtual	5 days	2,500
30 November – 4 December 2026	Cape town,	Public	5 days	4,500
30 November – 4 December 2026	Cape Town, South Africa	Public	5 days	4,500
13–17 December 2026	Dubai, UAE	Public	5 days	3,900

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Frequently Asked Questions

What do Al-Khobraa oil, gas and petroleum courses cover?

The portfolio spans the full value chain: upstream exploration, drilling and well control; midstream processing, pipelines and gas treatment; and downstream refining and petrochemicals — plus process safety management (PSM), HAZOP studies, corrosion control and plant operations. Trainers are practitioners from the sector.

Who should attend an oil, gas and petroleum course?

These courses suit process, production and petroleum engineers, plant and field operators and supervisors, maintenance and inspection staff, HSE and process safety professionals, and technical or commercial staff joining the sector from another industry.

How long are oil, gas and petroleum courses, and where are they held?

Most Al-Khobraa oil, gas and petroleum courses run over 5 days. The exact duration, dates and city for this course are listed in the dates section on this page. Public sessions run across Saudi Arabia — Riyadh, Jeddah, Al-Khobar, Jubail and Yanbu — as well as regional and international venues, with live virtual classrooms available on request.

What certificate will I receive?

Delegates who complete the course receive an Al-Khobraa certificate of completion, issued by a Saudi-registered training provider. Al-Khobraa also delivers internationally accredited programmes; where a course carries an external awarding body such as PMI, CIPS, ILM or IOSH, that body is named on the course's own page.

Can oil, gas and petroleum training be delivered in-house for our team?

Yes. Any Al-Khobraa oil, gas and petroleum course can be delivered in-house at your own premises anywhere in Saudi Arabia or the GCC, with the content, dates and language of delivery tailored to your team. Al-Khobraa is an approved HRDF (Hadaf) provider, so eligible Saudi employers can seek training support. Contact us for a quotation.

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