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From the subsurface to the balance sheet: reserves, development, economics and the data layer that connects them.

How an engagement runs

Week 1

Scope

We agree the question, the standard (SPE-PRMS / KAZ-PRMS), the data room and the deliverables.

Weeks 1–2

Data review

Geology, petrophysics, production and pressure data are checked for completeness and consistency.

Weeks 2–6

Evaluation

Volumes, forecasts and economics are built, with assumptions documented and alternatives tested.

Final week

Report & defence

Report, presentation and support in front of auditors, lenders or the regulator.

Training & seminars

What we teach

Corporate seminars and courses on reserves evaluation and asset management for operators, institutes and the regulator. Typical curriculum:

Classification and standards

  • Reserves and resource classifications and categories
  • Reserves 1P / 2P / 3P; contingent resources 1C / 2C / 3C; prospective resources
  • Data, documentation and assumptions required for an SPE-PRMS evaluation
  • Transition to international standards in Kazakhstan (KAZ-PRMS)
  • The Code “On Subsoil and Subsoil Use”

Evaluation methods

  • Initial volumes: volumetric method and probabilistic analysis
  • Reserves: decline curve analysis (DCA), material balance, gas productivity model
  • Computer modelling and analogue methods
  • Deterministic and probabilistic resource evaluation; risks and uncertainties

Economics and reporting

  • Fiscal regime, contract types, bonuses, royalties and taxes; rights to reserves and resources
  • Development plan and production forecast; prices, capex and opex; taxes and depreciation
  • Project cash flow (CF) and net present value of reserves (NPV)
  • Reserves management, reporting and stock-exchange disclosure

Letters of appreciation

Our seminars and project work are acknowledged in letters from the Ministry of Energy of the Republic of Kazakhstan, the KazMunayGas research institute, Turgai Petroleum and Caspiy Neft, a certificate of appreciation from the SPE Astana Section for the lecture “International Reserves Management System SPE-PRMS”, and a letter of thanks from Geneva Business School for the Asset Management course.

Letters of appreciation

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Tell us what you need to decide and by when. We reply within one business day.

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