Petroleum Economist Saudi Aramco

Key Responsibilities

Provides expert advice and assistance for techno-economic feasibility studies and ensure alignment with Upstream Oil & Gas strategy
Specifies design criteria and relevant operating parameters for development of new oil & gas projects.
Participates in project technical reviews and reviews proposals for new or changed operating procedures in his/her area of expertise to ensure efficient and economic operations
Conduct economic screening calculations including life cycle economic review to select optimal options and value creation
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.
Evaluates and helps develop new work processes and best technical practices
Identifies technical challenges and develops solutions
Develop less experienced professional staff through designing, implementing and overseeing professional development programs.
Represent Aramco in external technical conferences, symposiums, and forums

Minimum Requirements
BS in Petroleum Engineering or related disciplines. While a M.Sc. or Ph.D. is desirable, an additional degree in Business, Petroleum Economics or Finance would be very beneficial.
15 years of experience gained through working for a reputable oil and gas consulting company and/or E&P company with significant emphasis on specialization in PE technical disciplines and categories such as Petroleum Development Architecture, Field Development Planning, Reserves Assessment and Economic Evaluations. Good familiarity in the following areas is also needed: 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
Experience in using variety of tools to provide analysis for petroleum economics & costing packages, Excel modelling, and understanding of oil & gas production profiling & modelling tools
Competent level of awareness of general process facilities i.e. oil and gas processing systems to be able to understand and communicate with his/her counterpart assumption and cost basis on existing and greenfield developments and equipment
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
Excellent written and verbal communication skills, including experience in presenting to executive management and large audiences.

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