CPG Professional Standards & Competencies 3

Question 1

Which document provides the primary framework for petroleum reserves classification and reporting used by CPG practitioners in the US?

Accepted Answer

SPE-PRMS (Petroleum Resources Management System)

Answer

The SPE-PRMS provides the internationally recognized technical framework for classifying and reporting petroleum resources and reserves.

Question 2

A CPG signs a reserves report prepared entirely by a subordinate without reviewing the technical work. This violates which professional standard?

Accepted Answer

The principle of responsible charge

Answer

Responsible charge requires that a signing professional have direct knowledge and oversight of the technical work being certified.

Question 3

In CPG practice, what is the appropriate handling of proprietary subsurface data received from a client?

Accepted Answer

It must be kept confidential and used only for the client's authorized purposes

Answer

Proprietary client data must be kept strictly confidential and used only for the purposes authorized by the client.

Question 4

What is the minimum work experience requirement for CPG certification through AAPG?

Accepted Answer

5 years of petroleum geoscience experience

Answer

AAPG requires a minimum of 5 years of petroleum geoscience experience for CPG certification.

Question 5

A CPG's client instructs her to reclassify Probable Reserves as Proved to improve the company's balance sheet. What should she do?

Accepted Answer

Refuse and explain that reserves classification must follow technical standards

Answer

Reserves classification must be based on technical criteria; a CPG cannot reclassify reserves to achieve financial reporting outcomes.

(CPG) Certified Petroleum Geologist Practice Test