Saudi Aramco Careers
Petroleum Engineering Economist / Upstream Development Strategy
Requisition ID: 1012401
Req Number: 14828BR
We are looking for experienced professionals to join us in the Upstream Development Strategy and Reserves Department (UDS&RD) within Petroleum Engineering, based in the Exploration and Petroleum Engineering Center in Dhahran, Saudi Arabia. We manage one of the world’s largest portfolios of on-shore and off-shore oil and gas fields, and we provide opportunities to conduct pioneering studies, introduce new technologies and propose innovative development solutions.
The Upstream Development Strategy division coordinates and reviews feasibility studies required to develop long-term production strategies and reservoir depletion plans within the company’s strategic context. Candidates need to have a solid foundation in subsurface evaluations and good familiarity with the full range of upstream activities, from exploration through reservoir management, drilling and completion operations, basic surface facilities design, cost estimation and production operations. Significant exposure to economic evaluations and decision analysis is also required. Candidates must have knowledge and experience in oil/gas field development planning, production portfolio evaluations, field appraisals, and petroleum/applied economics.
The successful candidate should hold a Bachelor’s and Master in Petroleum Engineering, or related disciplines. A PhD, or additional exposure/training in Business, Economics or Finance, is also beneficial.
You must have a minimum of 15 years’ experience gained through working for reputable oil and gas consulting and/or E&P companies with at least 4 years of hands-on experience in upstream investment opportunities analysis environment.
You must have supplemental experience in reservoir engineering, especially technical principles for developing long-term oil & gas reservoir depletion plans, economics evaluations, and key performance measures and benchmarking in the E&P industry.
You must be familiar with upstream economic evaluation models with advanced Excel knowledge.
Duties & Responsibilities:
You are expected to be able to perform the following:
Develop scenarios and alternatives for each conceptual oil/gas field development project.
Perform high quality uncertainty based economic evaluations in a timely manner to evaluate the feasibility of projects and facilitate the investment decision-making process.
Provide economic modeling and sensitivity analysis in order to fully understand and identify value drivers that could significantly enhance project returns.
Review Economic Models and ensure consistent evaluation outcomes in all economics produced.
Perform portfolio optimization and projects ranking.
Train and mentor younger professional staff.
Represent Saudi Aramco in external technical conferences, symposiums, and forums.
Evaluate investment opportunities.