Business Development Reservoir Engineer

Welcome to ConocoPhillips, where innovation and excellence create a platform for opportunity and growth. Come realize your full potential here.

Who We Are

We are one of the world’s largest independent exploration and production companies, based on proved reserves and production of liquids and natural gas. With operations and activities in 13 countries, we explore for, develop, and produce crude oil and natural gas globally. We are challenged with an important job to safely find and deliver energy to the world. Our employees are critical to our success, and with them we power civilization.

We’re grounded by our SPIRIT Values – safety, people, integrity, responsibility, innovation, and teamwork. These values position us to deliver strong performance in a dynamic business – but not at all costs. We believe it’s not just what we do – it’s how we do it – that sets us apart.

We strive to make a significant difference in the communities where we live and operate. We create an inclusive environment that values all voices and opinions. Together, the different backgrounds, experiences, ideas, and perspectives of our employees drive our success.

Job Summary

Job Description

Lower 48 Overview

The Lower 48 represents the largest ConocoPhillips business segment today based on production, with high-quality positions in the U.S. unconventionals. These low cost of supply and low GHG-intensity assets have significant upside potential.

The company’s large Lower 48 position of 10.3 million net acres, including unconventional holdings of approximately 1.7 million net acres, represents scalable inventory with low cost of supply and low GHG emissions intensity with the potential to generate significant returns over many years of future development. Current major focus areas for the Lower 48 include the Delaware and Midland Basins, part of the world-class Permian Basin, as well as the Eagle Ford and Bakken.

In 2022, net crude oil production was 534 MBOED.

Description

If you are selected as the Business Development Reservoir Engineer, you will provide reservoir engineering support for trades, acquisitions, and divestitures for the L48 Business Development Team. You will work with Geologists and Land Negotiators on the Business Development Team as well as Asset Teams and Finance Teams across the Business Units to formulate technical and economic views on given mandates and effectively communicate recommendations to management. You must be able to multitask and work multiple projects simultaneously.

Responsibilities may include:

• Provide engineering and economic analysis to support L48 portfolio optimization, with a focus on the Permian
• Value acreage positions for potential trades, acquisitions, and divestitures across the L48, focusing on the Midland and Delaware Basins
• Gather relevant data for populating virtual datarooms for divestitures and act as lead engineering contact during divestiture process
• Lead engineering efforts on marketed and non-marketed acquisition opportunities
• Stay current with internal and external drilling and completion activity across the Permian Basin
• Prepare PowerPoint presentations explaining the opportunity, identifying the value drivers, and effectively communicating it to senior management
• Integrate and analyze third party data (virtual data rooms, trade data, etc) as well as internal and competitor data to reduce uncertainties and influence evaluations
• Collaborate with integrated teams to ensure accurate evaluations (drilling, completions, facilities, production, regulatory, land, finance, gas and crude marketing) as well as develop and share standard methodologies
• Take ownership and facilitate integrated planning to ensure timely and successful execution on projects
• Prepare production reports/forecasts, EUR determination, reserves analysis with corporate engineering and third-party reservoir auditors
• Support program-wide technical studies and/or initiatives

Basic/Required:

• Must be legally authorized to work in the United States on a full-time basis for anyone other than current employer
• Bachelor’s degree or higher in Engineering, or foreign equivalent
• 7+ years of experience in the oil and gas industry
• 7+ years of experience in petroleum engineering
• 3+ years of direct A&D engineering experience

Preferred:

• 7+ years of direct experience as a Reservoir Petroleum Engineer
• Experience in the following: Well performance analysis (IPR/TPR), volumetrics, decline/rate-time analysis, economics, PVT characterization, decision & risk analysis, and uncertainty characterization of forecasts, reserves and resources
• Reserves estimation according to SEC rules
• Extensive experience with US unconventional reservoirs, preferably in the Permian Basin
• Proficient in Aries, Val Nav, Access, Excel, OFM (Oil Field Manager), Spotfire, or similar evaluation and economic softwares
• Exposure to well completions, production operations and formation evaluation
• Experience in building and delivering upper management style presentations
• Self-driven and possess strong personal and professional standards
• Takes ownership of actions and follows through on commitments by holding others accountable and standing up for what is right
• Builds effective solutions based on available information and makes timely decisions that are safe and ethical
• Listens actively and invites new ideas for exchanged opinions, then influences and acts to drive positive performance and achieve results
• Builds positive relationships based on trust and seeks collaboration across organizational boundaries to achieve goals
• High character, curious, and creative individual

Apply Before: February 27, 2024

Sponsorship:

ConocoPhillips’ sponsorship for employment authorization in the U.S. is NOT available for this position.

EEO:

In the US, ConocoPhillips is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, national origin, age, disability, veteran status, gender identity or expression, genetic information, or any other legally protected status.