Petroleum Engineer - Reserves/Petroleum Economics
Saudi Aramco, Saudi Arabia
Job Description
Position Description:
We are looking for experienced professionals to join us in the Upstream Development Strategy and Reserves Department (UDS&RD) within Petroleum Engineering, based in the Exploration and Petroleum Engineering Center in Dhahran, Saudi Arabia. We manage one of the world’s largest portfolios of on-shore and off-shore oil and gas fields, and we provide opportunities to conduct pioneering studies, introduce new technologies and propose innovative development solutions.
The Department has three divisions (Reserves, Upstream Development Strategy, and Production Planning) and provides high level technical support to Upstream Management. We need seasoned professionals for all these divisions, and a common thread is that the candidates should have critical technical expertise within one area, but also exhibit managerial acumen and exceptional communication skills (including experience in presenting to Executive Management and effectively leading multi-disciplinary teams).
These professionals will lead and guide work processes for one of the divisions, and may have significant liaison responsibilities with other departments within Exploration, Petroleum Engineering & Development, Engineering Services, Marketing, Finance and Corporate Planning. In general, the candidates should have broad experience in the oil and gas upstream business with specialty skills in subsurface evaluation.
Minimum Requirements:
As a successful candidate you should hold a Bachelor’s degree and Master in Petroleum Engineering, or related disciplines. A PhD, or additional exposure/training in Business, Economics or Finance, is also beneficial.
You must have a minimum of 15 years’ experience gained through working for reputable oil and gas consulting and/or E&P companies with at least 4 years of hands-on experience in upstream investment opportunities analysis environment.
You must have supplemental experience in reservoir engineering, especially technical principles for developing long-term oil & gas reservoir depletion plans, economics evaluations, and key performance measures and benchmarking in the E&P industry.
You must be familiar with upstream economic evaluation models with advanced Excel knowledge.
You must have knowledge and experience in oil/gas field development planning, production portfolio evaluations, field appraisals, and petroleum/applied economics.
Job Specification
Duties & Responsibilities:
You are required to perform the following:
Develop scenarios and alternatives for each conceptual oil/gas field development project.
Perform high quality uncertainty based economic evaluations in a timely manner to evaluate the feasibility of projects and facilitate the investment decision-making process.
Provide economic modeling and sensitivity analysis in order to fully understand and identify value drivers that could significantly enhance project returns.
Review Economic Models and ensure consistent evaluation outcomes in all economics produced.
Perform portfolio optimization and projects ranking.
Represent Saudi Aramco in external technical conferences, symposiums, and forums.
Evaluate investment opportunities.
Train and mentor younger professional staff.