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Title:  Petroleum Economics Specialist

Job Req ID:  1182
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 looking for an experienced Petroleum Economics Specialist 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 Department has four divisions (Reserves, Upstream Development Strategy, Production Planning, and Upstream Carbon Circularity Division) and provides high level technical support to Upstream Management. We need seasoned professionals for all these divisions, and a common thread is that professionals should have critical technical expertise within one area, but also exhibit managerial acumen and exceptional communication skills (including experience in presenting to Executive Management and effectively leading multi-disciplinary teams).

These professionals will lead and guide work processes for one of the divisions, and may have significant liaison responsibilities with other departments within Exploration, Petroleum Engineering & Development, Engineering Services, Marketing, Finance and Corporate Planning. In general, professionals should have broad experience in the oil and gas upstream business with specialty skills in subsurface evaluation.

Key Responsibilities

You are required to perform the following:

Monitor daily exploration, delineation/extension and development drilling activity as it impacts reserves.

Select key reservoir intervals for testing and assist in planning & interpreting test results.

Apply classical reservoir engineering in assessing reserves, including log & wireline formation test interpretation, pressure transient analysis, PVT and SCAL interpretation, production performance and material balance analysis.

Participate in integrated reservoir studies and quality check reservoir simulation results (history match validation, production constraints, technical assessment of forecast results, etc.).

Review geologic interpretation and mapping, including rock typing & facies characterization, reservoir communication, seismic application, sequence stratigraphy, etc.

Understand commerciality assessment (discounted cash flows, net present value, internal rate of return, forecasting prices/capex/opex, etc.).

Apply reserves definitions and guidelines and defend decisions.

Specify design criteria and relevant operating parameters for development of new oil & gas projects.

Conduct economic studies and cost analysis, as appropriate, to resolve alternative courses of action.

Provide guidance on upstream investments opportunities.

Perform impairment assessment on upstream assets.

Conduct field portfolio management and projects ranking.

Lead and guide work processes for one of the divisions, and may also have significant liaison responsibilities with other departments within exploration, petroleum engineering & development, engineering services, marketing, Finance and Corporate Planning.

Represent Saudi Aramco in external technical conferences, symposiums, and forums.

Train and mentor young professional staff.

Minimum Requirements

As a successful candidate, you

Hold a Bachelor’s degree in Petroleum Engineering or related disciplines. A Master’s degree or  A PhD in the same field is preferable. Additional exposure/training in business, economics or finance, is also beneficial.

Have a minimum of 15 years’ experience gained through working for reputable oil and gas consulting and/or Exploration & Production (E&P) companies.

Should have an extensive experience in reserves classification and reporting (e.g. PRMS, SEC, etc.), a solid foundation in classic reservoir engineering, including both static and dynamic modeling of reservoirs, and experience in enhanced oil recovery and/or unconventional reservoirs as they relate to reserve assessment.

Have an exposure to reservoir characterization, petrophysical analysis including log interpretation and core analysis, fluid characterization including PVT studies and geochemical fingerprinting, and well testing including pressure transient analysis and wireline formation testing.

Have a reservoir engineering experience, especially technical principles for developing long-term Oil & Gas reservoir depletion plans, economics evaluations, and key performance measures and benchmarking in E&P industry.

Should have experience working in a large organization with a varied portfolio of reservoirs, or had a wide range of experience in smaller companies. Have strong communication and leadership skills to effectively lead geoscientists, engineers, economists, etc.

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

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