PRMS

This article examines how decommissioning costs impact project viability, showing that operational profitability can mask uneconomic end-of-life obligations, and advocates for ethical diligence in assessing these costs.

This paper presents three examples covering both gas and oil fields at different stages of their lives that show how estimated ultimate recovery (EUR) and the corresponding range of EUR uncertainty varies over the life of each field.

The SPE CO2 Storage Resources Committee has opened a period for public comments on an update to the current 2017 SRMS.

Despite tens of thousands of potential candidates and the proven upsides, the unconventional industry has largely overlooked refracturing—possibly due to the way it’s discussed.

The SPE Oil and Gas Reserves Committee has opened a period for public comments and feedback on the current 2018 PRMS.

This paper discusses how multiple reliable technologies may be used in concert to establish reasonable certainty for reserves estimates through the flexibility provided by the Petroleum Resources Management System.

The FAQs present questions frequently received from industry with answers prepared by the FAQ Subcommittee and reviewed by the SPE Oil and Gas Reserves Committee and Petroleum Resources Management System (PRMS) co-sponsors. The FAQs address select topics on the interpretation and application of the PRMS on the evaluation and classification of petroleum reserves and re…

At a time when there are many models vying to be the one used to evaluate and plan carbon storage sites, the US Department of Energy wants to test one developed by SPE members.

The Petroleum Resources Management System (PRMS) has long been recognized as the global standard reference for resources and reserves classification and definition. The newly published “2022 Guidelines for Application of the PRMS” is not merely a refresh of the 2011 version but a complete rewrite by contemporary subject-matter experts.

The complete paper outlines adaptations of the SPE Petroleum Resources Management System to a company’s business processes.