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- Tasks: Prepare investment plans and build economic models for fast-paced decision making.
- Company: Join Saudi Aramco, a leader in the energy sector with a focus on sustainability.
- Benefits: Enjoy competitive pay, mentorship opportunities, and a chance to impact the future of energy.
- Why this job: Be part of innovative projects while collaborating with diverse teams and shaping the industry.
- Qualifications: Bachelor's in petroleum engineering; 12 years experience in unconventional hydrocarbon plays required.
- Other info: Opportunity to coach young engineers and represent the company in external forums.
The predicted salary is between 43200 - 72000 £ per year.
As the successful candidate you will be required to perform the following:
Prepare investment and budget plans, inclusive of both short and long-range planning.
Build economic models and evaluations to support fast-paced development decision making.
Work closely with multi-disciplinary teams and support functions to strategize and implement field development plans.
Perform scenario planning, sensitivity, and portfolio ranking studies as directed by management.
Carry out risk & uncertainty assessments inclusive of technical and financial components.
Conversant with reserves estimation, validation and booking for unconventional plays.
Provide economic & 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.
Represent Saudi Aramco in external forums.
Conversant in matters pertaining to Green Houses Gas (GHG) emissions abatement, sustainability, and circular economy.
As the successful candidate you will hold a Bachelor’s degree in petroleum engineering or related engineering degree as appropriate.
An advanced degree in Petroleum Economics or Business would be an advantage.
You will have a minimum of 12 years’ experience in in unconventional hydrocarbon plays including shales, tight sands or channel reservoirs.
Proficient with economic modeling and modeling of scenarios.
Demonstrated ability to work in a fast-paced environment and handle ambiguity in analysis
Strong computer and data analysis/statistical skills, visualization with Spotfire
Solid organizational and time management skills. Ability to work with limited data.
Excellent written and verbal communication skills with strong business planning acumen. Ability to produce high quality reports for management.
Broad knowledge in drilling, stimulation and production technologies
Economically and financially literate.
Petroleum Engineer (Economics & Strategy) employer: Saudi Arabian Oil Company
Contact Detail:
Saudi Arabian Oil Company Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Petroleum Engineer (Economics & Strategy)
✨Tip Number 1
Familiarize yourself with the latest trends in unconventional hydrocarbon plays, especially shales and tight sands. This knowledge will not only help you during interviews but also demonstrate your commitment to staying updated in a fast-paced industry.
✨Tip Number 2
Network with professionals in the petroleum engineering field, particularly those who have experience in economic modeling and scenario planning. Engaging with industry experts can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Showcase your ability to work with limited data by preparing case studies or examples from your past experiences. Being able to discuss how you've successfully navigated ambiguity will set you apart from other candidates.
✨Tip Number 4
Highlight any experience you have with Green House Gas (GHG) emissions abatement and sustainability initiatives. As these topics are increasingly important in the industry, demonstrating your knowledge can make you a more attractive candidate.
We think you need these skills to ace Petroleum Engineer (Economics & Strategy)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in unconventional hydrocarbon plays and economic modeling. Use specific examples that demonstrate your ability to prepare investment plans and perform risk assessments.
Craft a Strong Cover Letter: In your cover letter, emphasize your 12 years of experience and how it aligns with the job requirements. Discuss your familiarity with GHG emissions abatement and sustainability practices, as well as your ability to coach and mentor less experienced engineers.
Showcase Technical Skills: Clearly outline your technical skills related to data analysis, scenario modeling, and visualization tools like Spotfire. Mention any relevant software or methodologies you are proficient in that would benefit the role.
Highlight Communication Abilities: Since excellent communication skills are crucial for this position, provide examples of how you've effectively communicated complex ideas to diverse teams or represented your company in external forums.
How to prepare for a job interview at Saudi Arabian Oil Company
✨Showcase Your Economic Modeling Skills
Be prepared to discuss your experience with economic modeling and scenario analysis. Highlight specific projects where you built models that influenced decision-making, and be ready to explain your thought process and the outcomes.
✨Demonstrate Team Collaboration
Since the role involves working closely with multi-disciplinary teams, share examples of how you've successfully collaborated with different departments. Emphasize your ability to communicate complex ideas clearly and effectively.
✨Prepare for Technical Questions
Expect questions related to reserves estimation, risk assessments, and GHG emissions. Brush up on these topics and be ready to discuss your knowledge and experience in unconventional hydrocarbon plays.
✨Highlight Your Mentorship Experience
As coaching less experienced engineers is part of the job, prepare to talk about any mentoring or leadership roles you've had. Share how you approach teaching complex concepts and fostering growth in others.
