Petroleum Planning and Economics Consultant

Leap29; Kuwait; On-site; KWD 15,000 - 30,000; Full time

Job summary

An international service company is seeking a Petroleum Planning and Economics Consultant for a 3-4 month contract in Kuwait. The ideal candidate will have over 15 years of experience in related fields and will work on upstream asset lifecycle evaluation, optimize capital allocation, and develop advanced economic models. The role is based in KOC offices.

Qualifications

• Experience level: 15+ years in related fields.
• Ability to translate reservoir simulations and decline curves into economic forecasts.
• Developing capital efficiency and post-audit project reviews.

Responsibilities

• Evaluate upstream asset lifecycle.
• Optimize portfolio strategy and capital efficiency.
• Integrate economic models with PRMS reserves classification.
• Build advanced economic models from exploration to abandonment.
• Conduct calculations of critical risk-adjusted metrics.

Skills

Reservoir to economics

Performance analysis

Cost integration

Portfolio strategy

Optimising capital allocation

Risk analysis

Data & Analytics

Tools

ARIES

Quorum

PHDWin

Spotfire

Power BI

Palantir Foundry

@RISK

Crystal Ball

DecisionTools Suite

Advanced Excel/VBA

Python (Pandas/NumPy)

SQL

Job description

Overview

MyClient is an international Service Company based in Kuwait. Due to expansion, My client is searching for a Petroleum Planning and Economics Consultant for a 3-4 month contract. The Consultant will be based in Kuwait working in the KOC offices.

Responsibilities

• Upstream asset lifecycle evaluation
• Portfolio strategy and capital efficiency optimisation
• Reserve economics, including PRMS reserves classification integrating into economic models and value optimisation of contingent resources through investment decisions
• Building advanced economic models from exploration to abandonment using methods like Monte Carlo simulation
• Calculations of critical risk-adjusted metrics including eNPV, EMV, risked asset value
• Development planning; economic screening of development concepts
• Well count optimisation
• Facility options analysis
• Development phasing strategies
• Techno-economic analysis of EOR/IOR projects
• Prospect economics; prospect risking (chance of success)
• Volumetric uncertainty modelling
• Portfolio optimisation

Essential Skills & Qualifications

• Reservoir to economics: translating reservoir simulations and decline curves into economic forecasts
• Performance analysis; developing capital efficiency and post-audit project reviews
• Cost integration: incorporating drilling/completion cost trends, LOE forecasts, and tariffs
• Portfolio strategy: strategic portfolio balancing between exploration and development opportunities, and between short-cycle and long-term investments
• Optimising capital allocation under constraints including rig availability and capital limitations
• Experience with the following software: ARIES, Quorum, PHDWin; Portfolio Optimization tools; Spotfire, Power BI, Palantir Foundry
• Risk analysis: @RISK, Crystal Ball, DecisionTools Suite
• Data & Analytics: Advanced Excel/VBA, Python (Pandas/NumPy), SQL
• Experience level: 15+ years in related fields

Contract & Location

Contract length: 3-4 months. Location: Kuwait, in KOC offices.

How to Apply

If you have the right experience, please feel free to apply.