Distinguished Lecturer: CO2 Storage Resource Management System – Application and Learnings from World’s First Booking
August 28 @ 4:45 pm - 7:30 pm
$40.00 – $70.00
Society of Petroleum Engineers Western Australia is proud to present the details of our August 2024 SPE WA Technical Evening Meeting.
About the Presentation
Carbon capture, utilization and storage (CCUS) is experiencing rapid growth and the ability to classify and compare projects across the globe is of increasing importance. The CO2 Storage Resources Management System (SRMS) has been designed to provide the common framework and is increasingly being applied across the industry. The SRMS has been seeded from the widely used Petroleum Resources Management System (PRMS), which makes it ideal for industry professionals familiar with the concepts of classification and categorization.
The SRMS was applied to an onshore project by an Australian oil and gas company in 2021 and led to the world’s first public reporting of CO2 storage quantities under the SRMS classification system. Standard reserves workflows and systems were modified for CO2 evaluation and reporting, resulting in a streamlined processes throughout the organization. Multiple benefits were realized such as standardized evaluation and reporting, a unified language across the company, and enhanced formality in CCUS reporting.
As more CCUS projects are proposed, a robust classification system has become vital to communicate consistent terminology, valuation methodologies, and reporting systems for identifying project status and differential between projects. The application of the SRMS is highly recommended for stakeholders, financiers, or regulatory bodies involved in the commercial development of a CCUS project.
About the Speaker
Paul Lyford is the General Manager Planning Portfolio & Resource Management at Santos Ltd, an Australian oil and gas company and the first to add CO2 Storage resources to the annual reserves report. Paul has over 30 years experience and has been involved in many field developments across Australia. He has a background in reservoir engineering, operations, planning, strategy and commercial. He is a Fellow of the Institution of Engineers Australia, a member of Society of Petroleum Engineers (SPE) and member of Society of Petroleum Evaluation engineers (SPEE). Paul holds an honors degree and PhD in Engineering from University of Melbourne and post graduate qualifications in Finance. Paul is currently a member of the SPE CO2 Storage Resources Committee (CSRC) and part of the SPE SRMS subcommittee charged with updating the SRMS.
About the Event
Price: Early Bird SPE Member $40 <Until 21 Aug 2024>
Early Bird Non-Member $60 <Until 21 Aug 2024>
SPE Member $50
Non-Member $70
Date: Wednesday, 28 August 2024
Location: Parmelia Hilton Hotel
Location: 14 Mill Street, Perth WA 6000
Time: 4:45 pm – 5:00 pm Registration & Networking.
Time: 5:00 pm – 5:50 pm Opening remarks and presentation.
Time: 5:50 pm – 6:00 pm Q&A Session.
Time: 6:00 pm – 7:30 pm Closing with networking drinks & nibbles.
Free tickets are available for Students. SPE WA in conjunction with our sponsors is kindly sponsoring students to attend the monthly technical events. Please apply through your Student Chapter.
