Petroleum Engineer (Economics & Strategy)

Our Client operates in the Oil and Energy industry, with its headquarters rooted strongly in Saudi Arabia. It has its branches spread to more than 50 countries, providing employment to more than 68,500 people all over the world. They fall under the Fortune 500 Companies. They are one of the world’s largest oil producers. They are constantly growing by creating new technologies through its Research and Development efforts and branch into new business lines through Investments and Acquisitions.

Responsibilities:

• Carry out economic Modeling to support development as part of commerciality assessment
• Perform economic evaluation to support fast-paced development decisions and work closely with support functions including Corporate Finance, Strategy and Reserves groups
• Carry out Risk & Uncertainty assessment of technical and financial components
• Perform Specific scenario planning and sensitivity studies as directed by Management
• Work closely with multi-disciplinary teams to strategize and implement field development plans
• Conversant with Reserves estimation, validation and booking for unconventional plays
• Conversant with business planning process. Short- & Long-range planning, portfolio ranking.
• Provide economic & operational benchmarking of North American Unconventional Plays
• Develop and implement new work processes, best technical practices, governance and controls
• Coach and mentor less experienced Saudi engineers and effectively explain ideas, concepts, and techniques. Represent in external forums.

Requirements:

• Bachelor's degree in Petroleum engineering or related science as appropriate to the required discipline. An advanced degree in Petroleum Economics or Statistics would be an advantage.
• We are targeting 12-15 years’ experience with at least 5-8 years in unconventional plays including shale, tight sand or channel reservoir.
• Experience in unconventional hydrocarbon basins required.
• Preference will be given to candidates with experience in unconventional green field development. Knowledge of the following applications (or similar) is required: PEEP, MOSAIC, Enersight, PVTsim, ProjectRA and Spotfire.