SPE Live Podcast: What is New on PRMS?
From The SPE Podcast by The SPE Podcast
April 2, 2026 · 31 min · Episode 154
About this episode
This episode provides an overview of the Petroleum Resources Management System and its ongoing updates.
The Petroleum Resources Management System (PRMS) is a system developed for consistent and reliable classification and categorization of hydrocarbon resources according to technical uncertainty and project maturity and commerciality. The SPE Oil and Gas Reserves Committee (OGRC) is committed to continuing to provide relevant resources framework to the industry as technology and business drivers change and has received feedback from the public to support the update of the current 2018 PRMS. This SPE live will give an overview of PRMS utilization and its ongoing update. Speaker: Herman G. Acuña, President at Ryder Scott Company Moderated by Dan Olds, Managing Senior Vice President at Ryder Scott
People in this episode
Host: Dan Olds
Guest: Herman G. Acuña
Topics covered
- Petroleum Resources Management System
- hydrocarbon resources
- technical uncertainty
- project maturity
- commerciality
- industry updates
Keywords
- PRMS
- hydrocarbon resources
- SPE
- industry updates
- technical uncertainty
- project maturity
- commerciality
Mentioned in this episode
Organizations: SPE Oil and Gas Reserves Committee, Ryder Scott Company
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