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Petroleum Resources Management System
Rp 7.950.000| Stok | Tersedia |
| Kategori | Manajemen, Oil & Gas |
Petroleum Resources Management System
Background:
The Petroleum Resources Management System (PRMS) is an internationally recognized framework used to classify, evaluate, and report petroleum resources and reserves in a consistent and transparent manner. PRMS goes beyond volumetric estimation by integrating technical maturity, commercial viability, risk, and uncertainty into a project-based decision framework.
For professionals outside the subsurface discipline, PRMS provides a common language that bridges geology, engineering, commercial, and management perspectives. A sound understanding of PRMS is essential for supporting field development planning, investment decisions, portfolio management, and communication with internal and external stakeholders throughout the petroleum project lifecycle.
Objectives:
- Understand the philosophy, structure, and key principles of PRMS
- Explain the classification of petroleum resources and reserves in accordance with PRMS
- Recognize the relationship between PRMS classification and project maturity
- Interpret reserves and resources statements from a non-reservoir perspective
- Understand the role of commerciality, risk, and uncertainty in resource classification
- Apply PRMS concepts to support technical, commercial, and management decision making
Recommended Participants:
- Project Manager
- Production, Facilities, Process, Drilling, & Petroleum Engineer
- Commercial, Planning, Strategy, & Business Development
- Government / Regulator / Auditor (non-reservoir background)
Course Outline:
Fundamental PRMS & Resource Classification
- Introduction to PRMS
- History & organizations behind PRMS (SPE, AAPG, WPC, SPEE, SEG)
- Why PRMS matters for industry & business
- PRMS vs “reserves reporting mindset”
- PRMS Key Principles
- Project-based classification
- Commerciality
- Risk & uncertainty
- Probability concepts (P90, P50, P10)
- Resource Classification Framework
- Total Petroleum Initially In Place (TPIIP)
- Discovered vs Undiscovered Resources
- Movement of volumes across project maturity
- Prospective Resources
- Geological chance of success (GCoS)
- Exploration risk elements
- Volumetric uncertainty
Contingent Resources & Reserves
- 1. Contingent Resources
- Definition & characteristics
- Sub-classes (Development Pending, On Hold, Unclarified, Not Viable)
- Common contingencies:
- Economic
- Regulatory
- Technical
- Infrastructure
- Reserves Classification
- Proved (1P)
- Probable (2P)
- Possible (3P)
- Development status: Developed vs Undeveloped
- Commerciality & Economic Evaluation
- Economic cut-off & project sanction
- Role of fiscal terms (PSC, cost recovery, gross split)
- Price, cost, and sensitivity impact
Application, Reporting & Business Perspective
- PRMS in Project Lifecycle
- Exploration → Appraisal → Development → Production
- Impact of technical maturity on classification
- Role of subsurface & surface integration
- PRMS Reporting & Governance
- Annual reserves & resources reporting
- Internal vs external reporting
- Reserves audit overview
- PRMS for Decision Making
- Portfolio management
- Farm-in / farm-out
- M&A and asset valuation
- Risked vs un-risked volumes
- Integration with Other Frameworks
- PRMS vs SEC
- PRMS vs UNFC
- Alignment with corporate planning & strategy
About The Course Leader
Prof. Dr.-Ing. Bonar Tua Halomoan Marbun

