Reserves Reports in 30 Minutes, A Quick Guide to Understanding Reserves Reports in the Oil and Gas Industry.
Course Description
“Reserves Reports in 30 Minutes” is a focused online course designed to provide professionals in the oil and gas sector with an understanding of Reserves Reports. These reports, also known as the Report on Reserves Data by Independent Qualified Reserves Evaluator, play a crucial role in assessing a company’s reserves using discounted cash flow methods. They are essential for stakeholders like accountants, financial analysts, regulators, and investors to make informed business decisions.
The course covers key elements of reserves reports, including the different types of reserves (Proved 1p, Probable 2p, and Possible 3p), the structure of a reserves report, and the technical and financial data involved. Special emphasis is placed on understanding the discounted cash flow (DCF) model, reserve evaluation methods, and the importance of third-party independent evaluation.
Additionally, participants will learn how reserves reports influence financial statements, regulatory compliance, mergers and acquisitions (M&A), and financing decisions. By the end of the course, attendees will be equipped to interpret and apply reserves reports effectively, navigate common challenges, and utilize them in business contexts for decision-making and reporting. This course is ideal for professionals involved in accounting, financial analysis, M&A, corporate governance, and regulatory oversight in the oil and gas industry.
