Introduction
The estimation of in-place and recoverable hydrocarbon reserves is a crucial aspect of the petroleum industry, providing valuable information for investment decisions, regulatory compliance, and reservoir management
This comprehensive 5-day professional training course will equip you with the essential knowledge and skills to effectively estimate hydrocarbon reserves using both deterministic and probabilistic approaches

Course Objectives
By the end of this course, you will be able to:
• Comprehend the fundamental principles of hydrocarbon reserve estimation and its significance in the petroleum industry
• Apply the deterministic approach to estimate in-place and recoverable hydrocarbon reserves using volumetric and material balance methods
• Implement the probabilistic approach, including Monte Carlo simulation, to quantify uncertainties and assess the range of possible reserve estimates
• Utilize various software tools and techniques for reserve estimation
• Integrate reserve estimation results with subsurface interpretation and reservoir modeling
Course Agenda
Day 1: Introduction to Hydrocarbon Reserve Estimation
• Explore the history, principles, and applications of hydrocarbon reserve estimation
• Understand the different types of hydrocarbon reserves and their classification
• Review the factors influencing hydrocarbon reserve estimates, such as reservoir geometry, porosity, permeability, and fluid properties
Day 2: Deterministic Approach to Hydrocarbon Reserve Estimation
• Delve into the deterministic approach to hydrocarbon reserve estimation, including volumetric and material balance methods
• Utilize volumetric methods to estimate in-place hydrocarbon reserves based on reservoir geometry and rock properties
• Apply material balance methods to estimate recoverable hydrocarbon reserves based on reservoir pressure, production history, and fluid properties
Day 3: Probabilistic Approach to Hydrocarbon Reserve Estimation
• Understand the principles of probabilistic hydrocarbon reserve estimation using Monte Carlo simulation
• Implement Monte Carlo simulation to quantify uncertainties in reservoir parameters and estimate a range of possible reserve values
• Evaluate the impact of uncertainties on reserve estimates and decision-making processes
Day 4: Software Tools and Techniques for Reserve Estimation
• Explore various software tools and techniques commonly used for hydrocarbon reserve estimation
• Gain hands-on experience in utilizing industry-standard software to perform reserve calculations
• Apply software tools to generate reserve reports and visualize reserve estimates
Day 5: Integration of Reserve Estimation with Subsurface Interpretation and Reservoir Modeling
• Discuss the integration of hydrocarbon reserve estimation with subsurface interpretation and reservoir modeling
• Utilize reserve estimates to assess reservoir potential, identify exploration targets, and optimize reservoir management strategies
• Apply reserve estimation results to make informed investment decisions and comply with regulatory requirements
Who Should Attend
This course is designed for:
• Aspiring and experienced petroleum engineers seeking to enhance their understanding of hydrocarbon reserve estimation and its applications
• Geoscientists involved in reservoir characterization, subsurface evaluation, and resource assessment
• Reservoir modeling professionals working on reserve modeling, uncertainty quantification, and risk analysis
• Financial analysts and investment professionals evaluating hydrocarbon exploration and production projects
Course Benefits
• Develop a comprehensive understanding of hydrocarbon reserve estimation principles, methodologies, and applications
• Gain hands-on experience in applying deterministic and probabilistic approaches to estimate hydrocarbon reserves
• Enhance your ability to quantify uncertainties and assess the range of possible reserve values
• Utilize industry-standard software tools to perform reserve calculations and generate reserve reports
• Apply reserve estimation knowledge to address real-world challenges in various aspects of the petroleum industry