Petroleum Engineer (Economics & Strategy)

Saudi Aramco; Saudi Arabia; On-site; USD 120,000 - 150,000; Full time

Job summary

A leading company in the global energy sector is seeking a Petroleum Engineer to join their Unconventional Resources Division. The role involves economic evaluation, investment planning, and collaborating with multi-disciplinary teams to develop unconventional field strategies. Candidates should have extensive experience in unconventional hydrocarbon plays and strong analytical skills.

Qualifications

• Minimum of 12 years’ experience in unconventional hydrocarbon plays.
• Strong computer and data analysis/statistical skills.

Responsibilities

• Prepare investment and budget plans for field development.
• Build economic models to support decision making.
• Coach and mentor less experienced engineers.

Skills

Economic Modeling

Data Analysis

Communication

Education

Bachelor's degree in Petroleum Engineering

Advanced degree in Petroleum Economics

Tools

Spotfire

Job description

Description:

Aramco energizes the world economy.

Aramco occupies a special position in the global energy industry. We are one of the world’s largest producers of hydrocarbon energy and chemicals, with among the lowest Upstream carbon intensities of any major producer.

With our significant investment in technology and infrastructure, we strive to maximize the value of the energy we produce for the world along with a commitment to enhance Aramco’s value to society.

Headquartered in the Kingdom of Saudi Arabia, and with offices around the world, we combine market discipline with a generations’ spanning view of the future, born of our nine decades experience as responsible stewards of the Kingdom’s vast hydrocarbon resources. This responsibility has driven us to deliver significant societal and economic benefits to not just the Kingdom, but also to a vast number of communities, economies, and countries that rely on the vital and reliable energy that we supply.

We are one of the most profitable companies in the world, as well as amongst the top five global companies by market capitalization.

Overview

We are seeking a Petroleum Engineer (Economics & Strategy) to join the Unconventional Resources (UR) Development Strategy & Reserves Division of Unconventional Reservoir Engineering Department.

The UR Development Strategy & Reserves Division is responsible for providing provides technical support to upstream management encompassing all areas related to unconventional field development within the Kingdom.

Your primary role is to provide in-depth knowledge and expertise in economic evaluation, investment planning and budgeting, field development and depletion planning, and investment decision analysis (including risk and uncertainty) on unconventional field development.

Key Responsibilities

As the successful candidate you will be required to perform the following:

• Prepare investment and budget plans, inclusive of both short and long-range planning.
• Build economic models and evaluations to support fast-paced development decision making.
• Work closely with multi-disciplinary teams and support functions to strategize and implement field development plans.
• Perform scenario planning, sensitivity, and portfolio ranking studies as directed by management.
• Carry out risk & uncertainty assessments inclusive of technical and financial components.
• Conversant with reserves estimation, validation and booking for unconventional plays.
• 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 Saudi Aramco in external forums.
• Conversant in matters pertaining to Green Houses Gas (GHG) emissions abatement, sustainability, and circular economy.

Minimum Requirements

• As the successful candidate you will hold a Bachelor’s degree in petroleum engineering or related engineering degree as appropriate.
• An advanced degree in Petroleum Economics or Business would be an advantage.

• You will have a minimum of 12 years’ experience in in unconventional hydrocarbon plays including shales, tight sands or channel reservoirs.
• Proficient with economic modeling and modeling of scenarios.
• Demonstrated ability to work in a fast-paced environment and handle ambiguity in analysis
• Strong computer and data analysis/statistical skills, visualization with Spotfire
• Solid organizational and time management skills. Ability to work with limited data.
• Excellent written and verbal communication skills with strong business planning acumen. Ability to produce high quality reports for management.
• Broad knowledge in drilling, stimulation and production technologies
• Economically and financially literate.

Working environment

Our high-performing employees are drawn by the challenging and rewarding professional, technical and industrial opportunities we offer, and are remunerated accordingly.

At Aramco, our people work on truly world-scale projects, supported by investment in capital and technology that is second to none. And because, as a global energy company, we are faced with addressing some of the world’s biggest technical, logistical and environmental challenges, we invest heavily in talent development.

We have a proud history of educating and training our workforce over many decades. Employees at all levels are encouraged to improve their sector-specific knowledge and competencies through our workforce development programs – one of the largest in the world.

Job ID: 15154

Tagged as: Unconventional Reservoir Engrg Dept