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14th April 2020 SPE Asia Pacific Live Webcast: Impact of Low or Volatile Oil Prices on Reserves & Resources Estimates
April 14, 2020 @ 2:30 pm - 3:30 pm
SPE WA are proud to present the details of 14 April 2020 SPE Asia Pacific Live Webcast.
Impact of Low or Volatile Oil Prices on Reserves and Resources Estimates
About the Presentation
Oil price and cost estimates are important inputs into reserves and resources assessments. How do changes to oil price impact reserves assessments? The impact will depend on various factors – such that a fall in oil price may increase, decrease or have no impact on reserves. Oil prices and forecasts are used differently within common classification systems such as PRMS and SEC.
Join the webcast on the Impact of Low or Volatile Oil Prices on Reserves and Resources Estimates that will take place on Tuesday, 14 April 2020 at 14:30 hours (Perth Time).
This one-hour webcast will outline how changes in oil prices impact reserves in theory and with practical industry examples.
About the Speakers – Douglas Peacock
Doug Peacock is a Technical Director with Gaffney, Cline & Associates, based in Singapore. He holds a B.Sc. in Geological Sciences from Leeds University, UK, and a M.Sc. in Petroleum Geology from Imperial College, London.
He has over 35 years’ experience in the oil industry in a variety of geoscience positions, during employment with service companies, operators and consultancies. He has been involved in integrated applications, 3D modelling and reserves assessments throughout his career. He was an SPE Distinguished Lecturer for 2010-2011 and a recent member of the SPE Oil and Gas Reserves Committee.