Title:  Petroleum Economist

Job Req ID:  11995
Description: 

Aramco energizes the world economy.

Aramco occupies a unique position in the global energy industry. We are the world's largest producer of hydrocarbons (oil and gas), with the lowest upstream carbon intensity 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 Economics Specialist to join Aramco’s Upstream Development Strategy & Reserves Department (UDS&RD) which is based in Dhahran, Saudi Arabia and manages one of the world’s largest portfolios of on-shore and off-shore oil and gas fields.  UDS&RD provides high-level technical support across the full range of hydrocarbon exploration and production activities, including economic optimization of the entire resource portfolio; as well as opportunities to conduct pioneering studies, introduce new technologies, and propose innovative development solutions.

 

The Petroleum Economics Specialist will lead the conceptualization of oil and gas field developments and their commerciality assessments, focusing on long-term reservoir development, depletion planning, and economic evaluations.  This includes holistic corporate modeling and decision analysis to support field development plan concepts, portfolio capacity management, and related techno-economic studies.

Key Responsibilities

  • Provides expert advice and assistance on operating problems.
  • Specifies design criteria and relevant operating parameters for development of new oil and gas projects.
  • Participates in project technical reviews and reviews proposals for new or changed operating procedures to ensure efficient and economic operations.
  • Conducts economic studies and cost analysis to resolve alternative courses of action.
  • Provides guidance on upstream investment opportunities.
  • Performs impairment assessment on upstream assets.
  • Conducts field portfolio management and projects ranking.
  • Leads the process of building and updating guidelines for upstream economics evaluation.
  • Develop less-senior staff through designing, implementing and overseeing professional development programs.
  • Represents Aramco in external technical conferences, symposiums, and forums.

Minimum Requirements

  • BS in Petroleum Engineering or related disciplines; advanced degrees in Business, Petroleum Economics, Finance or related would be very beneficial.
  • 15 years of experience gained through working for a reputable oil and gas consulting and/or E&P companies specializing in PE technical disciplines such as:  Reservoir Characterization, Petroleum Development Architecture, Business Development Planning, Reservoir Surveillance & Monitoring, Reserves Assessment and Economic Evaluations.
  • Must have strong familiarity with:  geology/geophysics, petrophysics, drilling operations, completion methods, artificial lift, well testing, flow assurance, production operations, surface facilities design, and cost estimation.
  • Experience working in a large organization with a varied portfolio of reservoirs, or had a wide range of experience in smaller companies.
  • Expertise in oil and gas reservoir development and depletion plans.
  • Expertise in investment decision analysis (including risk and uncertainty), strategic long-term production plans and portfolio analysis.
  • Extensive experience presenting to executive management and large audiences.

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.

 

Country/Region:  SA