PRMS Resources and Reserves Management Course

Name: PRMS Petroleum Resources and Reserves Management Training Course
Availability: InStock

Classify, estimate, reconcile, assure, and govern petroleum resources and reserves for traceable upstream portfolio decisions.

PRMS Resources and Reserves Management Course

At a glance

Duration: 1 Week
Format: Classroom
Cities: Zanzibar, Toronto, Dubai, Sharm El-Sheikh, Athens, Cairo and more
Next session: 8 – 12 November 2026, Zanzibar
Average fee: 7,500 €

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PRMS Petroleum Resources and Reserves Management Training Course

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Overview

PRMS Petroleum Resources and Reserves Management Training Course is a one-week intermediate course for subsurface teams, reserves coordinators, planners, finance professionals, auditors, and decision-makers who leave with a Resources and Reserves Governance Book. Participants connect PRMS classification, project maturity, commercial criteria, uncertainty, estimation, reconciliation, assurance, and portfolio decisions. The course uses classification trees, range models, movement bridges, evidence registers, and review packs. Agile Leaders Training Center presents this course on PRMS petroleum resources and reserves management.

Who Should Attend

Teams responsible for petroleum resource and reserve estimates
Functions responsible for subsurface evaluation and development planning
Professionals responsible for reserves coordination and reporting
Groups responsible for project economics and commercial evidence
Leaders responsible for portfolio and capital decisions
Teams responsible for technical assurance and independent review

The course assumes participants can interpret basic geological, engineering, production, or economic information; it leaves out detailed reservoir simulation and regulator-specific disclosure preparation.

Departments and Industries

The course supports departments and industries that govern upstream resource inventories and investment evidence.

Exploration, appraisal, development, and production organizations
Integrated energy, upstream investment, and technical advisory firms
Reservoir engineering and geoscience departments
Corporate planning, finance, and portfolio functions
Reserves coordination and technical assurance groups
Internal audit and investment-review teams

Learning Objectives

By the end of this course, participants will be able to:

Apply PRMS classification and categorization principles
Evaluate project maturity and commercial criteria
Build deterministic and probabilistic estimate ranges
Analyze aggregation and economic-limit effects
Reconcile reserves and resource movements
Prioritize assurance and portfolio decisions

Course Agenda

Day 1: Structure the Resource Inventory

PRMS Classification and Categorization Framework
Discovered and Undiscovered Resource Decision Tree
Prospective, Contingent, and Reserves Inventory Map
Project-Based Evaluation and Ownership Register
Resource Data Lineage and Evidence Index

Day 2: Assess Maturity and Commerciality

Project Maturity Subclass Assessment Matrix
Contingency and Development Barrier Register
Technical Recoverability Evidence Checklist
Commercial Criteria and Economic Limit Screen
Decision-Gate Maturation Roadmap

Day 3: Estimate and Aggregate Quantities

Deterministic Low, Best, and High Estimate Worksheet
Probabilistic Distribution and Percentile Model
Recovery Factor and Forecast Assumption Register
Aggregation Dependency and Portfolio Range Method
Uncertainty, Risk, and Scenario Comparison Matrix

Day 4: Reconcile and Assure Estimates

Opening-to-Closing Reserves Movement Bridge
Revision, Extension, Discovery, and Production Log
Reserve Report Evidence and Approval Checklist
Technical Peer Review and Challenge Record
Resources and Reserves Assurance Dashboard

Day 5: Practice Portfolio Governance

Suggested Exercise: Classify a Petroleum Opportunity
Suggested Exercise: Build an Estimate Range
Suggested Exercise: Reconcile Inventory Movements
Suggested Exercise: Review a Reserves Evidence Pack
Capstone Exercise: Present a Resources and Reserves Governance Book

Practical Exercises

The course uses suggested activities to connect subsurface estimates with commercial and governance decisions.

Suggested activity: classify projects and categorize recoverable quantities from a mixed upstream opportunity set.
Suggested activity: compare deterministic and probabilistic ranges and document key assumptions.
Suggested activity: reconcile production, revisions, extensions, discoveries, and commercial changes in an inventory bridge.
Suggested activity: prepare an assurance plan and portfolio recommendation from traceable evidence.

FAQs

Who suits PRMS resources and reserves management training, and what does it assume?

Subsurface, reserves, planning, finance, assurance, and decision teams suit the training. It assumes participants can interpret basic geological, engineering, production, or economic evidence.

How does PRMS resources management differ from reservoir engineering training?

PRMS resources management classifies projects and quantities, tests maturity and commerciality, governs estimates, and supports reporting and portfolio decisions. Reservoir engineering training concentrates on reservoir behavior, calculations, surveillance, and forecasting methods.

How does PRMS distinguish resource classes and categories?

PRMS separates classes by project maturity and chance of commerciality, while categories express uncertainty in estimated recoverable quantities. Both dimensions are evaluated for a defined project.

What causes petroleum reserves and resources to change?

Changes can result from production, new data, revised interpretations, improved recovery, project maturation, discoveries, acquisitions, divestments, commercial assumptions, or reclassification. Each movement requires traceable evidence.

Why is reserves reconciliation important in PRMS governance?

Reserves reconciliation explains the movement from opening to closing inventory. It connects technical changes, commercial decisions, production, approvals, and evidence so reviewers can understand each reported change.

Conclusion

Participants take a Resources and Reserves Governance Book back to their organization. It combines classification, maturity, estimate ranges, aggregation, reconciliation, evidence, assurance, and portfolio tools. Teams can use it to align subsurface, commercial, finance, and governance decisions around controlled inventories and documented assumptions.

credits: 5 credit per day

Course Mode: full-time

Provider: Agile Leaders Training Center

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Showing 21-40 of 58 events

Location	Dates	Duration	Mode	Price
Trabzon	Week 14, 2027 11 – 15 April 2027	1 Week	Onsite	€8,000
Rome	Week 16, 2027 19 – 23 April 2027	1 Week	Onsite	€6,500
Johannesburg	Week 16, 2027 25 – 29 April 2027	1 Week	Onsite	€6,000
Amman	Week 17, 2027 2 – 6 May 2027	1 Week	Onsite	€6,000
Kuwait	Week 17, 2027 2 – 6 May 2027	1 Week	Onsite	€7,000
Lagos	Week 18, 2027 9 – 13 May 2027	1 Week	Onsite	€6,000
Barcelona	Week 19, 2027 10 – 14 May 2027	1 Week	Onsite	€6,500
Madrid	Week 20, 2027 17 – 21 May 2027	1 Week	Onsite	€6,500
Accra	Week 20, 2027 23 – 27 May 2027	1 Week	Onsite	€6,000
Baku	Week 21, 2027 24 – 28 May 2027	1 Week	Onsite	€8,000
Vienna	Week 22, 2027 31 May – 4 June 2027	1 Week	Onsite	€7,500
Montreux	Week 22, 2027 31 May – 4 June 2027	1 Week	Onsite	€8,000
Berlin	Week 23, 2027 7 – 11 June 2027	1 Week	Onsite	€6,500
Istanbul	Week 24, 2027 14 – 18 June 2027	1 Week	Onsite	€6,000
Munich	Week 24, 2027 14 – 18 June 2027	1 Week	Onsite	€6,500
Tashkent	Week 24, 2027 20 – 24 June 2027	1 Week	Onsite	€8,000
Bangkok	Week 25, 2027 27 June – 1 July 2027	1 Week	Onsite	€8,000
Nairobi	Week 25, 2027 27 June – 1 July 2027	1 Week	Onsite	€6,000
Bali	Week 27, 2027 11 – 15 July 2027	1 Week	Onsite	€6,500
Tbilisi	Week 29, 2027 19 – 23 July 2027	1 Week	Onsite	€5,700

Frequently asked questions

What does this course cover?

OverviewPRMS Petroleum Resources and Reserves Management Training Course is a one-week intermediate course for subsurface teams, reserves coordinators, planners, finance professionals, auditors, and decision-makers who leave with a Resources and Reserves Governance Book. Participants connect PRMS classification, project maturity, commercial criteria, unce…

Are training dates available?

Yes. Available dates and destinations are listed in the course dates section on this page.

How can I register?

Choose an available date on this page and complete the registration form, or send a programme enquiry.

Can I download the course brochure?

Yes. Use the brochure download link provided on this page.

PRMS Resources and Reserves Management Course