| Date | Venue | Fees | |
|---|---|---|---|
| 21 - 25 Dec 2026 | London - UK | $ 5,950 | |
| 19 - 23 Jul 2027 | London - UK | $ 5,950 | |
| 20 - 24 Dec 2027 | London - UK | $ 5,950 |
Introduction
This Petroleum Resources & Reserves Management training course provides a practical management framework for governing petroleum resources and reserves across the exploration-to-production lifecycle. Using the SPE Petroleum Resources Management System (PRMS) as the principal framework, participants will develop the capability to interpret resource classification, project maturity, commerciality and uncertainty within the context of corporate planning and investment decision-making.
The training course moves beyond resource classification to address how petroleum opportunities are matured, governed and prioritised. Participants will examine corporate resource inventories, contingencies, project decision gates, annual reserves reviews, reconciliation and portfolio prioritisation. Particular attention is given to governance, accountability, data lineage, change control and technical assurance. The training course concludes by connecting resources and reserves information with executive reporting, portfolio decisions and capital allocation.
This GLOMACS Petroleum Resources & Reserves Management training course will highlight:
- Applying PRMS within corporate petroleum resources and reserves management
- Managing resource maturation, contingencies and project decision gates
- Establishing reliable resource inventories, ownership and change control
- Managing annual reserves reviews, bookings and reconciliation
- Prioritising petroleum opportunities using maturity, value, risk and strategic criteria
- Strengthening reserves governance, technical assurance and executive reporting
Objectives
By the end of this Petroleum Resources & Reserves Management training course, participants will be able to:
- Apply PRMS principles within a structured corporate resources-management framework.
- Evaluate project maturity, commerciality, uncertainty and barriers to resource progression.
- Establish and maintain reliable petroleum resource inventories and maturation plans.
- Manage reserves bookings, annual reviews, movements and reconciliation processes.
- Prioritise petroleum opportunities using resource potential, economics, risk, timing and strategic fit.
- Strengthen resources governance, technical assurance and management reporting.
Training Methodology
This training course emphasises management application, critical interpretation and decision-making rather than detailed subsurface calculations. Participants will work with resource portfolio cases, project-maturity assessments, decision-gate exercises, contingency registers, reserves reconciliations, prioritisation scenarios and governance reviews. A progressive company case will connect the concepts across the five days and demonstrate how technical and commercial information can be translated into defensible management decisions.
Organisational Impact
Organisations will benefit from:
- More reliable and consistently governed corporate resource inventories.
- Clearer priorities and accountability for resource maturation.
- Better alignment between technical evaluation and investment decisions.
- More disciplined reserves booking, reconciliation and change control.
- Stronger technical assurance, documentation and audit readiness.
- Improved portfolio prioritisation, capital allocation and executive reporting.
Personal Impact
Participants will develop:
- Greater confidence in interpreting petroleum resource portfolios.
- Stronger capability to identify maturation barriers and challenge project assumptions.
- Improved understanding of reserves movements and reconciliation.
- Greater ability to compare and prioritise petroleum investment opportunities.
- Stronger capability to evaluate resource information, uncertainty and assurance requirements.
- Greater confidence in presenting resource-management priorities and recommendations to management.
Who should Attend?
This GLOMACS Petroleum Resources & Reserves Management training course is designed for professionals responsible for petroleum resources, reserves, asset management, portfolio decisions and technical assurance. It will be particularly valuable for:
- Reserves and Resources Managers
- Asset Managers and Asset Team Leaders
- Exploration and Development Managers
- Reservoir and Petroleum Engineering Managers
- Corporate Planning and Business Planning Professionals
- Portfolio and Investment Planning Managers
- Petroleum Economists and Commercial Managers
- Joint Venture Professionals
- Reserves Coordinators
- Technical Assurance Specialists
- Government Petroleum Professionals and Energy Regulators
- NOC Resources and Reserves Committee Members
Petroleum Resource Inventory & Management Framework
- Applying PRMS as a framework for corporate resources management
- Mapping prospective resources, contingent resources, reserves and production across the asset lifecycle
- Interpreting project maturity, commerciality and uncertainty from a management perspective
- Designing the corporate resource inventory, including ownership, data sources and supporting evidence
- Establishing update responsibilities across asset and corporate functions
- Strengthening data lineage, change control and multidisciplinary accountability
Resource Maturation & Project Decision Gates
- Moving opportunities from exploration through discovery, appraisal and development
- Managing PRMS contingent-resource maturity and unresolved contingencies
- Identifying technical, commercial, infrastructure, market, regulatory and organisational barriers
- Building structured contingency registers with clear ownership and actions
- Developing resource-maturation plans and measurable milestones
- Designing project decision gates and defining evidence requirements
Corporate Reserves Management & Reconciliation
- Designing the annual corporate resources and reserves management cycle
- Governing new reserves bookings, maturation and resource reclassification
- Managing production, discoveries, extensions and technical revisions
- Assessing development changes, improved recovery and economic effects
- Accounting for acquisitions and divestments within reserves movements
- Preparing and interpreting reserves reconciliation and movement attribution
Resource Portfolio Prioritisation & Investment Decisions
- Segmenting petroleum portfolios by maturity, opportunity type and strategic purpose
- Interpreting risked and unrisked resource information for management decisions
- Integrating resource potential with economics, timing, risk and strategic fit
- Comparing appraisal, development and brownfield opportunities
- Evaluating competing opportunities within the petroleum portfolio
- Prioritising projects under capital, organisational and schedule constraints
Resources Governance, Assurance & Executive Reporting
- Designing effective resources and reserves governance arrangements
- Defining the roles of asset teams, corporate reserves functions and management committees
- Establishing responsibility and approval matrices, documentation and change control
- Applying technical peer review and independent evaluation
- Strengthening reserves assurance, traceability and audit readiness
- Designing executive dashboards for reserves, maturation, contingencies and management decisions
- Upon successful completion of this training course, GLOMACS Certificate will be awarded to the delegates. Continuing Professional Education credits (CPE): In accordance with the standards of the National Registry of CPE Sponsors, one CPE credit is granted per 50 minutes of attendance
