Guest Editorial: SPE Meetings Provide Value at Affordable Price
- Mark Rubin (SPE Executive Director)
- Document ID
- Society of Petroleum Engineers
- Journal of Petroleum Technology
- Publication Date
- November 2007
- Document Type
- Journal Paper
- 22 - 24
- 2007. Copyright is retained by the author. This document is distributed by SPE with the permission of the author. Contact the author for permission to use material from this document.
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|SPE Member Price:||Free|
|SPE Non-Member Price:||USD 2.00|
SPE has expanded the number of technical meetings it offers to around 90 workshops, conferences, and forums each year in locations around the globe. These meetings are critical to achieving our mission of technical-knowledge exchange that will advance the industry.
We have grown the number of workshops and conferences aggressively to meet our members’ needs better by addressing more topics, and by organizing meetings in underserved geographic regions. Our goal is to provide our members with consistently high-quality content on a range of topics of interest, and to make more opportunities available in the regions where our members are located.
I occasionally receive feedback from members expressing concern that it costs too much to attend an SPE meeting. We recognize that attending an SPE meeting can be a stretch financially for some members, including those who are without a large company budget to support their attendance. Even with the dramatic expansion of our meeting schedule, SPE strives to keep meeting fees reasonable, while operating in a businesslike and fiscally responsible manner. Providing more services at a reasonable cost can be a difficult balance to achieve.
For most SPE meetings, fees are set to ensure that the event achieves financial breakeven or provides a small surplus. We are able to keep our fees low in comparison to commercial meetings because of the partnership between members and staff that exists for every meeting we organize. Members plan the technical sessions, which provides the best possible source of information about topics of interest to the industry. SPE’s professional meeting planners arrange for the meeting locations and logistics and assist our program committees. These staff costs, as well as other costs such as the venue and meals, must be covered by meeting fees. Everyone pays to attend an SPE meeting—even the program committee members and authors.
Company sponsorships help defray some meeting costs, and SPE is very appreciative of the strong industry support our meetings receive. Exhibitions at the larger conferences provide significant revenues that offset the cost of the meeting.
When compared to industry meetings sponsored by commercial organizers, our fees are significantly lower. Commercial event organizers typically charge two to three times as much as SPE for comparable events. For example, SPE holds a number of workshops in North America with fees of USD 700 to 800; similar meetings held by commercial organizers cost USD 2,000 or more. In Malaysia, a commercial organizer’s recent 2-day reserves-valuation conference cost USD 1,866 just to attend the event. SPE’s 3-day reserves-valuation workshop, which also included three nights’ accommodations and all meals, cost USD 1,950.
|File Size||211 KB||Number of Pages||2|