Panel to Explore Evaluator Certification

The First Meeting of the Intersociety Exploratory Committee

The first meeting of the Intersociety Exploratory Committee on the potential establishment of a Certification of Petroleum Reserves Evaluators program was held in late September at the Society of Petroleum Engineers annual meeting in Houston.

The committee, with representatives from AAPG, SPE and the Society of Petroleum Evaluation Engineers (SPEE), will evaluate the merits, interest and importance of establishing a Voluntary Certification Program for Petroleum Reserves Evaluators.

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The first meeting of the Intersociety Exploratory Committee on the potential establishment of a Certification of Petroleum Reserves Evaluators program was held in late September at the Society of Petroleum Engineers annual meeting in Houston.

The committee, with representatives from AAPG, SPE and the Society of Petroleum Evaluation Engineers (SPEE), will evaluate the merits, interest and importance of establishing a Voluntary Certification Program for Petroleum Reserves Evaluators.

"During the past year there has been a lot of publicity regarding reserves write-downs and concerns about the reliability of reserves disclosures," said Daniel J. Tearpock, AAPG representative to the committee. "From the standpoint of oil and gas companies and their investors, to Wall Street and the SEC, reserves are an important part of everyday life in the energy industry."

"We now have a business environment that demands higher standards throughout the energy industry and particularly the oil and gas sector," said Ron Harrell, at-large committee representative. "The investor deserves the assurance that a company's reserves estimates have been prepared by qualified individuals who are trained to meet international industry standards."

Harrell, CEO at Ryder Scott, identified several vital components of a potential certification program, including recommended geoscience and engineering practices, reserves definitions, better standards, testing, continuing education and ethics, and he emphasized that this initiative is oriented toward individual professionals, not companies or corporations.

Richard Miller, SPEE representative, said the committee's mission is "to evaluate the importance and feasibility of such an initiative, and to define the requirements for the certification of geoscience and engineering petroleum reserves evaluators. "If the committee sees merit in moving forward with this initiative, the committee will recommend such action to our respective societies."

In the coming weeks, the committee said it will more clearly define its mission, the overall goals and milestones, and establish a timetable for future action.

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