| Date | Venue | Fees | |
|---|---|---|---|
| 21 - 25 Dec 2026 | London - UK | $ 5,950 | |
| 19 - 23 Jul 2027 | London - UK | $ 5,950 | |
| 19 - 23 Jul 2027 | Online | $ 4,950 | |
| 20 - 24 Dec 2027 | London - UK | $ 5,950 |
Introduction
This Petroleum Resources & Reserves Management training course develops the capability to manage petroleum resources and reserves as a structured corporate portfolio from initial opportunity through maturation, development, production and eventual depletion. Effective resources management requires more than estimating volumes or applying classification terminology. Organisations need clear governance, reliable resource inventories, defined maturation pathways and disciplined processes for translating subsurface potential into investment and development decisions.
The training course uses the Petroleum Resources Management System (PRMS) as the foundation for resource classification, maturity assessment and corporate reserves management. Participants will examine resource maturation, project decision gates, reserves reconciliation, portfolio prioritisation, governance and assurance. Particular attention is given to managing contingencies, maintaining traceability of reserves movements and integrating resource potential with economics, timing, risk and strategic priorities. The course concludes with executive reporting and governance arrangements that strengthen accountability, assurance and management decision-making.
This Petroleum Resources & Reserves Management training course will highlight:
- Applying PRMS within corporate resources and reserves management
- Managing resource maturation and project decision gates
- Governing reserves bookings, revisions and reconciliation
- Prioritising petroleum opportunities across the resource portfolio
- Strengthening resources governance, assurance and traceability
- Developing executive reporting for resource and reserves decisions
Objectives
By the end of this training course, participants will be able to:
- Apply PRMS principles within corporate resources and reserves management.
- Establish structured processes for resource maturation and contingency management.
- Manage reserves bookings, reclassifications and annual reconciliation.
- Evaluate petroleum opportunities using resource, economic, risk and strategic criteria.
- Strengthen governance, assurance and accountability for resources and reserves.
- Develop management reporting that supports portfolio and investment decisions.
Training Methodology
This training course combines expert-led presentations, petroleum resource examples, classification and maturation scenarios, reserves reconciliation exercises and portfolio decision analysis. Participants will examine representative resource inventories, contingency registers, reserves movements and project decision gates. Portfolio exercises will integrate resource potential with commerciality, timing, risk and investment constraints. Governance and reporting scenarios will reinforce the importance of traceability, multidisciplinary accountability and defensible management decisions.
Organisational Impact
Organisations will benefit from:
- More consistent application of resource and reserves management principles
- Stronger control of resource maturation and reclassification
- Improved transparency of reserves movements and reconciliation
- Better prioritisation of appraisal and development opportunities
- Stronger governance, assurance and audit readiness
- Better executive visibility of petroleum resource portfolios
Personal Impact
Participants will develop:
- Greater understanding of corporate resources and reserves management
- Improved capability in resource maturation and contingency management
- Stronger understanding of reserves reconciliation and movement attribution
- Better judgement in petroleum portfolio prioritisation
- Greater awareness of governance and assurance requirements
- Improved ability to communicate resource information to management
Who should Attend?
This training course is designed for professionals directly involved in petroleum resource evaluation, reserves management, asset maturation and portfolio decision-making, including:
- Reserves Managers and Reserves Coordinators
- Petroleum Resource Management Professionals
- Reservoir Engineers involved in reserves evaluation
- Petroleum Economists
- Subsurface Asset Managers
- Exploration and Appraisal Managers
- Field Development and Asset Planning Professionals
- Reserves Assurance and Evaluation Professionals
- Petroleum Portfolio and Planning Professionals
- Technical Professionals responsible for PRMS classification and reporting
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 the classroom-based 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
- Upon successful completion of the online training course, a GLOMACS Certificate will be awarded to all delegates. Guided Learning Hours – In accordance with ISO 9001:2015–certified quality management standards, one Guided Learning Hour is awarded for every 60 minutes of attendance.
