Petroleum Engineer - Asset Development & Optimization

Placements24; London Borough of Newham; Hybrid; GBP 32,000 - 50,000; Full time

Benefits offered by this job

Hybrid work model

Relocation assistance

Comprehensive health benefits

Job summary

Placements24 is seeking a Petroleum Engineer to join its asset development and optimization team in East London, Eastern Cape. The role focuses on maximizing hydrocarbon recovery from existing fields, evaluating new development opportunities, and coupling reservoir analysis with production forecasting.

You'll work with geologists and drilling engineers in a hybrid setting, applying EOR strategies, reservoir simulation, and economic evaluations to shape field development plans while staying

Qualifications

• Bachelor's degree in Petroleum Engineering or related field.
• Minimum of 5 years in reservoir engineering and production optimization.
• Proficiency with reservoir simulation software and analytical tools.
• Experience with economic evaluation software and techniques.

Responsibilities

• Analyze reservoir performance data to identify production optimization opportunities.
• Develop and calibrate reservoir simulation models to forecast future production and evaluate development scenarios.
• Perform decline curve analysis, material balance calculations, and volumetric estimations.
• Evaluate and propose enhanced oil recovery (EOR) methods and technologies.
• Prepare technical reports, presentations, and recommendations for field development plans.
• Collaborate with geologists, production engineers, and drilling engineers to integrate geological and operational data.
• Conduct economic evaluations of development projects and potential investments.
• Monitor production trends and identify root causes of underperformance.
• Assist in the planning and execution of well interventions and workovers.
• Stay current with advancements in petroleum engineering technologies and methodologies.

Skills

Reservoir simulation

EOR methods

Decline curve analysis

Economic evaluation

Data analysis

Teamwork

Education

Bachelor's degree in Petroleum Engineering

Master's degree desirable

Tools

Eclipse

CMG

Job description

About the Role

Our client, a progressive company within the Oil & Gas industry, is seeking a talented Petroleum Engineer to join their asset development and optimization team in East London, Eastern Cape . This role is integral to maximizing hydrocarbon recovery from existing fields and evaluating new development opportunities. You will be involved in reservoir analysis, production forecasting, and implementing strategies for enhanced oil recovery (EOR). The ideal candidate will possess strong analytical skills, proficiency in reservoir simulation software, and a collaborative approach to working with multidisciplinary teams. This hybrid position allows for effective engagement with both on-site operations and the flexibility of remote work, providing a dynamic environment to apply your expertise in shaping the future of our asset portfolio.

Key Responsibilities

• Analyze reservoir performance data to identify production optimization opportunities.
• Develop and calibrate reservoir simulation models to forecast future production and evaluate development scenarios.
• Perform decline curve analysis, material balance calculations, and volumetric estimations.
• Evaluate and propose enhanced oil recovery (EOR) methods and technologies.
• Prepare technical reports, presentations, and recommendations for field development plans.
• Collaborate with geologists, production engineers, and drilling engineers to integrate geological and operational data.
• Conduct economic evaluations of development projects and potential investments.
• Monitor production trends and identify root causes of underperformance.
• Assist in the planning and execution of well interventions and workovers.
• Stay current with advancements in petroleum engineering technologies and methodologies.

Requirements

• Bachelor's degree in Petroleum Engineering or a related engineering discipline. A Master's degree is highly desirable.
• Minimum of 5 years of experience in petroleum engineering, with a focus on reservoir engineering and production optimization within the Oil & Gas industry.
• Proficiency with reservoir simulation software (e.g., Eclipse, CMG) and analytical tools.
• Strong understanding of reservoir characterization, fluid flow in porous media, and EOR principles.
• Excellent analytical, problem-solving, and decision‑making skills.
• Effective communication and teamwork abilities.
• Experience with economic evaluation software and techniques.
• Familiarity with production operations and wellbore mechanics.
• Ability to adapt to a hybrid work environment, balancing office‑based and remote responsibilities.
• Must be legally authorized to work in South Africa.

Benefits

• Attractive salary and performance‑based incentives.
• Hybrid work model offering professional flexibility.
• Comprehensive health and retirement benefits package.
• Opportunities for professional development and continuous learning.
• Engaging work on diverse field development projects.
• Relocation assistance provided for qualified candidates.
• Enjoy the coastal lifestyle and growing economic opportunities in East London.