14 October | 13:30–14:30 | Room 1, Kuwait International Fair
The exploitation of unconventional hydrocarbons is still in its early stages and there are grey areas in the evaluation procedures, including estimation, classification, and reporting that are not entirely agreed upon by the industry. Therefore, differences in the reserves estimation and classification across organisations generate uncertainty towards best practices.
This session will address guidelines to adhere to best practices in areas like:
- The determination of production characteristics and commercial viability
- Asset resource and reserves valuation
- Probabilistic resource and reserves estimation under limited information and narrow range of parameters
- Field development plans, e.g. development, technology, operational, monitoring and abandonment plans
- The use of analogs
- Unconventional reserves reporting process review, deviations from SPE/PRMS, and gap-filling work plan
The industry is still coming up the “learning curve” and there is significant potential for experts in this session to provide significant upside to E&P companies.