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Lead Petroleum Engineering Specialist
2 months ago
This position necessitates candidates to permanently relocate to Dhahran, Saudi Arabia.
About the Company
This organization is engaged in the exploration, extraction, transportation, and marketing of crude oil and natural gas.
Business Segments:- Upstream
- Downstream
- Corporate Services
The Upstream segment is dedicated to the exploration, development, and production of crude oil, natural gas, and natural gas liquids. The Downstream segment focuses on refining, logistics, power generation, and the marketing of crude oil, petroleum, and petrochemical products, catering to both international and domestic clients. The Corporate Services segment offers essential support functions such as human resources, finance, and information technology. The company has a rich history and is headquartered in Dhahran, Saudi Arabia.
Job Overview
We are seeking a seasoned Petroleum Engineering professional to become a part of our Unconventional Reservoir Engineering Department (URED) in Dhahran, Saudi Arabia.
Reporting to the Manager of the UR Development Strategy and Reserves Division, the Petroleum Engineer should possess extensive experience in the unconventional upstream oil and gas sector. The ideal candidate will demonstrate profound knowledge and proficiency in Economic Evaluation, Business Planning, Budgeting, Field Development, Depletion Plans, Investment Decision Analysis, and Risk and Uncertainty Assessment.
URED provides high-level technical assistance to upstream management with a focus on unconventional field development within the Kingdom. This role requires critical technical expertise, managerial capabilities, and outstanding communication skills. The successful candidate will propose strategic options for unconventional development, emphasizing economic evaluation. Furthermore, the candidate will employ comprehensive modeling and decision analysis techniques to optimize the upstream portfolio in alignment with the Company's strategy, while also coordinating with internal departments such as Finance, Corporate Strategy, Market Analysis, and Reserves.
Key Responsibilities:- Conduct economic modeling to support development for commercial assessment.
- Perform economic evaluations to facilitate timely development decisions, collaborating closely with functions like Corporate Finance, Strategy, and Reserves.
- Conduct Risk & Uncertainty assessments of technical and financial components.
- Execute scenario planning and sensitivity analyses as directed by Management.
- Collaborate with multi-disciplinary teams to strategize and implement field development plans.
- Expertise in Reserves estimation, validation, and booking for unconventional plays.
- Understanding of business planning processes, including short- and long-range planning and portfolio ranking.
- Provide economic and operational benchmarking of North American Unconventional Plays.
- Develop and implement new work processes, best technical practices, governance, and controls.
- Mentor and guide less experienced engineers, effectively communicating ideas, concepts, and techniques.
- Represent the Company in external forums.
This position requires candidates to permanently relocate to Dhahran, Saudi Arabia.
A Bachelor's degree in Petroleum Engineering or a related field is required, with an advanced degree in Petroleum Economics or Statistics considered beneficial.
12-15 years of experience is necessary, including 5-8 years in unconventional plays such as shale, tight sand, or channel reservoirs. Experience in unconventional hydrocarbon basins is essential, with a preference for candidates experienced in unconventional greenfield development.
Familiarity with applications such as PEEP, MOSAIC, Enersight, PVTsim, ProjectRA, and Spotfire is required. The ability to thrive in a fast-paced environment, manage ambiguity in analysis, strong computer and data analysis/statistical skills, proficiency in visualization using Spotfire, economic sensitivities, business planning acumen, organizational and time management skills, and excellent written and verbal communication skills are essential. A broad knowledge of drilling, stimulation, and production technologies is also required.
