Reservoir Engineering & Reserve Estimation
Mwenke and Associates prepare reserve estimates in accordance with the standards of the United States Securities and Exchange Commission (SEC) Regulation S-X, and the Petroleum Resources Management System (PRMS), which was prepared by the Oil and Gas Reserves Committee of the Society of Petroleum Engineers (SPE). Our professionals generate reserve estimates by deterministic or probabilistic methods, including developed and undeveloped reserves, and classification according to Proved, Probable, Possible, Contingent, and Prospective Resource definitions.
We prepare estimates of reserves and producing rates using appropriate combinations of volumetric, material balance, performance trend, and analogous techniques.