Economic & Strategy Engineer

Saudi Aramco

Req Number: 18766BR

Position Description:
We are seeking an experienced Economic and Strategy Engineer to join our Unconventional Reservoir Engineering Department (URED).

URED provides high-level technical support to upstream management in all areas related to unconventional field development within the Kingdom.

Your primary role will be to provide strategic options for unconventional development with emphasis on economic evaluation. You will apply holistic modeling and decision analysis techniques to support value optimization of the full upstream portfolio within the Company’s upstream strategy.

Minimum Requirements:
As the successful candidate you will have a bachelor’s degree in Petroleum Engineering or a related science. An advanced degree in petroleum economics or statistics would be an advantage.

You will have minimum of 12 years’ experience with a strong preference for 15 years’ plus experience, with at least 5-8 years in unconventional plays, including shale, tight sand, or channel reservoir. Experience working in U.S. or Canadian unconventional hydrocarbon basins is required.

Knowledge of the following applications (or similar) is required: PEEP, MOSAIC, Enersight, PVTsim, ProjectRA, and Spotfire.

Experience with unconventional green field development is preferred.

Preferred skills include: the ability to work in a fast paced environment and handle ambiguity in analysis, strong computer and data analysis/statistical skills, visualization with Spotfire, proficient with economic sensitivities along with business planning acumen, solid organizational and time management skills, and the ability to generate management reports.

Duties & Responsibilities:
You will be required to perform the following:
Carry out economic modeling for ongoing development as part of commerciality assessment.

Perform economic evaluation to support fast-paced development decisions and work closely with Corporate Finance, Strategy, and Reserves groups.

Carry out risk and uncertainty assessment of technical and financial components.

Perform specific scenario planning and sensitivity studies, as directed by management.

Closely work with multidisciplinary teams to strategize and implement field development plans.

Conversant with reserves estimation, validation, and booking for unconventional plays.

Conversant with business planning process. Short and long range planning and portfolio ranking.

Provide economic and 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.

About us:
Saudi Aramco’s Exploration & Producing (E&P) business line oversees the world’s largest reserves of conventional crude oil, and the fourth-largest reserves of natural gas. The Company’s reserves portfolio include Ghawar, the world’s largest onshore oil field, and Safaniya, the largest offshore field. Company geologists are actively seeking additional reserves in many areas of the Kingdom, offshore in the Gulf and the Red Sea and onshore in the deserts and mountains. Petroleum engineers and earth scientists in E&P work with cutting-edge technology to manage and produce these reserves, including 3D visualization, reservoir simulation and remote geosteering of multilateral wells. The Company’s Exploration and Petroleum Engineering Center, or EXPEC, is home to one of the industry’s most powerful computer centers. Research and development into subsurface upstream technology is conducted at the EXPEC Advanced Research Center. For more than two decades in a row, Saudi Aramco has been ranked the No. 1 oil company in the world by Petroleum Intelligence Weekly, a testament to the dedication and professionalism of the men and women of Exploration & Producing.

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