Petroleum Planning & Economics Consultant

Leap29

Company: Leap29
Skills: Modeling , Process Engineer , Planner / Scheduler
Experience: 15 + Years
Education: Bachelors/3-5 yr Degree
Employment Type: Full Time Contractor
Location: Al Ahmadi, Al Ahmadi Governorate, Kuwait

In order to apply for this position, applicants MUST meet the following criteria. If your resume
does not match these criteria, you will not be able to apply for this position.

Located in region: Middle East

My Client is an international Service Company who are based in Kuwait. Due to expansion, my client is searching a Petroleum Planning and Economics Consultant for a 3-4 month Contract. The Consultant will be based in Kuwait working in the KOC offices.

The Petroleum Planning & Economics Consultant will be required to have above 15 years experience in:

Upstream asset lifecycle evaluation, portfolio strategy and capital efficiency optimisation.

Reserve economics, including PRMS reserves classification integrating into economic models and value optimisation of contingent resources through investment decisions

Building advanced economic models from exploration to abandonment using methods like Monte Carlo simulation

Calculations of critical risk-adjusted metrics including eNPV, EMV, risked asset value

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

Essential 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