Petroleum Planning & Economics Consultant Brunel

E&P Petroleum Planning & Economics Consultant

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Job location: Kuwait

Contract Duration: 4 to 5 Months with possible extension

Contract Type: Secondment to Oil & Gas Operating Company in Kuwait

Salary & Benefits: Excellent all-inclusive day rate

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• The Consultant specializing in upstream asset lifecycle valuation, portfolio strategy, and capital efficiency optimization.
• Expertise in resource economics, including PRMS reserves classification integration into economic models and value optimization of contingent resources through staged investment decisions.
• Building upon this is advanced economic modeling capability, creating integrated asset lifecycle models from exploration to abandonment using both deterministic and probabilistic methods like Monte Carlo simulation, this enables calculation of critical risk-adjusted metrics including eNPV, EMV, and Risked Asset Value

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Development & Exploration Economics Competencies

Development Planning

• Economic screening of development concepts
• Well count optimization
• Facility options analysis
• Development phasing strategies
• Techno-economic analysis of EOR/IOR projects

Prospect Economics

• Prospect risking (chance of success)
• Volumetric uncertainty modeling
• Portfolio optimization

Unconventional Resources

• Specialized type-curve based economic modeling for tight plays
• Detailed capital efficiency analysis including metrics like Capex per barrel of oil equivalent and Finding & Development costs

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Technical Integration Skills:

Reservoir to Economics

• Translating reservoir simulations and decline curves into economic forecasts

Performance Analysis

• Developing capital efficiency and post-audit project reviews

Cost Integration

• Incorporating drilling/completion cost trends, LOE forecasts, and tariffs

Portfolio Strategy

• Strategic portfolio balancing between exploration and development opportunities, and between short-cycle and long-term investments
• Optimizing capital allocation under various constraints including rig availability, capital limitations

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Software & Tools Proficiency

Category Industry Standards

Economics Platforms ARIES, Quorum, PHDWin

Portfolio Optimization Spotfire, Power BI, Palantir Foundry

Risk Analysis @RISK, Crystal Ball, DecisionTools Suite

Data & Analytics Advanced Excel/VBA, Python (Pandas/NumPy), SQL

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• Note:
  Mastery of these tools allows for efficient integration of large datasets, sophisticated probabilistic modeling, and creation of interactive dashboards that communicate insights effectively.