Resource uncertainty as projects mature

As oil and gas assets age, a common presumption is that reserve uncertainty reduces. RISC Director and Reservoir Engineer, Bill Billingsley, explored this idea in his presentation at the Essential Energy Conference this week, discussing how reserves uncertainty should be considered in the context of the Petroleum Resource Management System (PRMS).

The RIU Essential Energy (inc. Good Oil) Conference was held in Perth, Western Australia on 17 and 18 September with the aim of examining a wide range of energy topics and opportunities.

The presentation can be downloaded from our industry presentations page.