Petroleum Reserve & Resource Estimation
Reserve estimation at different stages of development using different methodologies
Volumetric method
Production Decline Methods
Material balance methods
Reservoir simulation
Generate the Resources and reserves based on: Hydrocarbon
SPE- PRMS- 2007 definitions/classifications and SPE-PRMS- 2011 guidelines.
SEC reserves definitions.
Annual Review of petroleum Resources (ARPR) Reporting
Economics and reserves
Define the Reserves Challenges
Unconventional Resources and Reserves Estimation