Collarini Newsletter -Vol 2- Issue 4- December 2003

One night I happened upon one of those jaw-dropping, sensational reality programs on TV. The show was about a group of men trying to identify the perfect partner for one of their friends. Every characteristic was laid out in exact detail, all the likes, dislikes, and preferences you can think of. I am not sure I enjoyed the low-brow humor, but as things developed I began to relate the matchmaking of old to the same principles that remain today.

In our industry, matchmaking plays a very important role. Whether vendors are matched up with clients, sellers of properties with their buyers, or employers with new employees, all the right questions must be answered to make sure each pot finds its cover!

Sometimes, you may be swamped by work and by 1,001 resumes and have no chance to ask the questions that would identify the right person. Or maybe some facts in the final candidates' resumes are not totally clear.

A professional staffing business can be a valuable partner for you. Just as finding and producing oil and gas is your field of expertise, finding the right person for your project is ours. Our sophisticated search process and our industry experts who do ask all the right questions are your guarantee to provide you the right match. Call us for project help or for full time employee assistance.

Your friends at Collarini Energy Staffing.

Upcoming Events

In our previous issues we have visited the various definitions of Proved Reserves. In this issue we will conclude our topic on reserves by discussing Unproved Reserves.

Unproved Reserves
The SEC recognizes only proved reserves. The SPE / WPC issued definitions of probable and possible reserves with the intent to facilitate consistency among professionals using such terms. Unproved reserves are based on geological and/or engineering data similar to that used in estimates of proved reserves; however, technical, contractual, economical, or regulatory uncertainties preclude such reserves being classified as proved. Unproved reserves must still meet the requirement that they be commercially recoverable from known accumulations. Unproved reserves may be estimated assuming future economic conditions different from those prevailing at the time of the estimate. Unproved reserves may be further classified as probable and possible reserves.

Probable Reserves
Probable reserves are those unproved reserves which analysis of geological and engineering data suggests are more likely than not to be recoverable. In this context, when probabilistic methods are used, there should be at least a 50% probability that the quantities actually recovered will equal or exceed the sum of estimated proved plus probable reserves. In general, probable reserves may include (1) reserves anticipated to be proved by normal step-out drilling where sub-surface control is inadequate to classify these reserves as proved, (2) reserves in formations that appear to be productive based on well log characteristics but lack core data or definitive tests and which are not analogous to producing or proved reservoirs in the area, (3) Incremental reserves attributable to infill drilling that could have been classified as proved if closer statutory spacing had been approved at the time of the estimate, (4) reserves attributable to improved recovery methods that have been established by repeated commercially successful applications when (a) a project or pilot is planned but not in operation and (b) rock, fluid, and reservoir characteristics appear favorable for commercial application, (5) reserves in an area of the formation that appears to be separated from the proved area by faulting and the geologic interpretation indicates the subject area is structurally higher than the proved area, (6) reserves attributable to a future workover, treatment, re-treatment, change of equipment, or other mechanical procedures, where such procedure has not been proved successful in wells which exhibit similar behavior in analogous reservoirs, and (7) Incremental reserves in proved reservoirs where an alternative interpretation of performance or volumetric data indicates more reserves than can be classified as proved.

Possible Reserves
Possible reserves are those unproved reserves which analysis of geological and engineering data suggests are less likely to be recoverable than probable reserves. In this context, when probabilistic methods are used, there should be at least a 10% probability that the quantities actually recovered will equal or exceed the sum of estimated proved plus probable plus possible reserves. In general, possible reserves may include (1) reserves which, based on geological interpretations, could possibly exist beyond areas classified as probable, (2) reserves in formations that appear to be petroleum bearing based on log and core analysis but may not be productive at commercial rates, (3) incremental reserves attributed to infill drilling that are subject to technical uncertainty, (4) reserves attributed to improved recovery methods when (a) a project or pilot is planned but not in operation and (b) rock, fluid, and reservoir characteristics are such that a reasonable doubt exists that the project will be commercial, and (5) reserves in an area of the formation that appears to be separated from the proved area by faulting and geological interpretation indicates the subject area is structurally lower than the proved area.

The following Biographies are just a small sampling of the kind of talent available in our talent pool of 9,000 experts. Please call our placement managers if you are interested in learning more about these professionals. Or check out our website for more candidates.

Reservoir Engineer with a Master's degree and over 20 years of offshore and onshore experience in oilfield property management and development. Experienced in economic evaluation, reserve estimation, well planning, completion planning, production optimization, economic analysis, exploitation planning, reserve evaluation, production optimization, completion and workover planning, and cost management. Geographic areas worked include the Gulf of Mexico, south Texas, and the Gulf coast. Proficient in Microsoft Excel and Word, OGRE, Dwight's, OilWat, and GasWat. Ask for R10.

Geologist with a Bachelor's degree and 33 years of international and domestic exploration experience with major and large independent oil companies. Skilled in 2-D and 3-D interpretation, sequence stratigraphy, and salt tectonics. Extensively experienced working with multi-disciplinary teams on basin analysis, regional studies, new plays, and prospect generation, especially within mature fields. Geographic areas worked include the shelf and deepwater Gulf of Mexico, California, Alaska, offshore West Africa, Indonesia, Venezuela, and Peru. Proficient in Microsoft Office and Landmark. Fluent in Spanish. Ask for G1102.

Process Engineer with a Bachelor's degree and 34 years of domestic and international experience. Experienced with production surface facilities, onshore crude terminals, gas plants, sulfur recovery plants, and production water treating. Comfortable with process and production studies, cost estimates and project economics, process optimization, and with field and plant operation trouble shooting. Geographic areas worked include the UK, the Gulf of Mexico, Egypt, west Texas, and Trinidad. Computer skills include Microsoft Office, HYSYS, WinSim, TSWEET, and PipePhase. Ask for F324.

Senior Applications Geophysicist with a Bachelor's degree and 27 years of experience with a major oil company specializing in applications support for international and domestic exploration and development. A Landmark power user skilled in applying advanced applications and integrated interpretation and mapping to support exploration and development efforts. Extensively experienced in conducting seismic analysis of AVO, coherency, and waveform similarities plus predictive inversion for reservoir characterization. Geographic areas worked include the Gulf of Mexico, the North Sea, Venezuela, offshore West Africa, Alaska, and the Gulf Coast. Proficient in Microsoft Office, Landmark software, Hampson Russell software, Stratimagic, Coherency Cube, UNIX, and webpage construction. Ask for GP686.

Senior Engineering Technician with a Bachelor's degree and 22 years of experience in the oil and gas industry. Skilled as an engineering specialist in work processes and technologies to improve productivity and efficiency. Extensively experienced with planning tools, economic analysis, process improvements, and supervision of personnel. Computer skills include Microsoft Office, Planimetering, economic analysis, DSS, OFM, PA, PI/Dwights Plus, Lotus 123, Lotus Notes, OilWat, GasWat, Harvard Graphics, and WordPerfect. Ask for TE224.

Geoscience Technician with a Bachelor's degree in Geophysics and 15 years of experience in workstation support. Highly skilled in loading geologic, geophysical, and cultural data to computer workstations. Experienced in application support and output of data for maps and reports. Knowledgeable of Sun workstation installations, PCs, and networks, especially mixed LINUX and PCs using shared directories. Geographic areas worked include the Gulf coast, equatorial Africa, China, and Brazil. Computer skills include Microsoft Word and Excel, Landmark OpenWorks, UNIX, Oracle, PL/SQL, PERL, FINDER, with limited experience as an Oracle database administrator. Ask for TG516.

Recruiters, human resource managers, and outplacement agencies each suggest they have the right answer. "Two pages maximum, chronological instead of functional, past-tense action verbs, bullets (or no bullets)." The thing is, we don't know who will read our resumes and we can't know each individual reader's preference. All we can be sure of is that each reader will be a unique individual.

Instead of trying to make your resume perfect for every reader, why not try to avoid some of the sure-fire mistakes that can send your resume to "File 13". Here is our top list:

So, keep it simple, keep it honest. You will find the position that suits you best with a resume that is simply "You"!

Connecting the Industry's Experts...

Collarini Energy Staffing Inc. is a full-service agency specializing in the placement of exploration and production personnel including the disciplines listed below (other supporting personnel are managed upon request):

The Collarini Engineering petroleum engineers and geoscientists specialize in evaluating oil and gas reservoirs. Specific projects include integrated field studies, acquisition evaluations, independent reserve appraisals, and exploration and exploitation prospect generation and assessment. Our full divestment services include creation and hosting of electronic and physical data rooms in addition to the technical evaluation. Our teams in Houston and New Orleans are very experienced and stand ready to help you on projects of any size. Try us!