Petroleum Economist

<p><b>Aramco energizes the world economy. </b><br />
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Aramco occupies a unique position in the global energy industry. We are the world&
39;s largest producer of hydrocarbons (oil and gas), with the lowest upstream carbon intensity of any major producer.<br />
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With our significant investment in technology and infrastructure, we strive to maximize the value of the energy we produce for the world along with a commitment to enhance Aramco&
39;s value to society.<br />
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Headquartered in the Kingdom of Saudi Arabia, and with offices around the world, we combine market discipline with a generations&
39; spanning view of the future, born of our nine decades experience as responsible stewards of the Kingdom&
39;s vast hydrocarbon resources. This responsibility has driven us to deliver significant societal and economic benefits to not just the Kingdom, but also to a vast number of communities, economies, and countries that rely on the vital and reliable energy that we supply.<br />
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We are one of the most profitable companies in the world, as well as amongst the top five global companies by market capitalization.<br />
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<b>Overview</b><br />
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We are seeking a Petroleum Economics Specialist to join Aramco&
39;s Upstream Development Strategy &amp; Reserves Department (UDS&amp;RD) which is based in Dhahran, Saudi Arabia and manages one of the world&
39;s largest portfolios of on-shore and off-shore oil and gas fields. UDS&amp;RD provides high-level technical support across the full range of hydrocarbon exploration and production activities, including economic optimization of the entire resource portfolio; as well as opportunities to conduct pioneering studies, introduce new technologies, and propose innovative development solutions.<br />
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The Petroleum Economics Specialist will lead the conceptualization of oil and gas field developments and their commerciality assessments, focusing on long-term reservoir development, depletion planning, and economic evaluations. This includes holistic corporate modeling and decision analysis to support field development plan concepts, portfolio capacity management, and related techno-economic studies.<br />
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<b>Key Responsibilities</b></p>

<ul>
<li>Provides expert advice and assistance on operating problems.</li>
<li>Specifies design criteria and relevant operating parameters for development of new oil and gas projects.</li>
<li>Participates in project technical reviews and reviews proposals for new or changed operating procedures to ensure efficient and economic operations.</li>
<li>Conducts economic studies and cost analysis to resolve alternative courses of action.</li>
<li>Provides guidance on upstream investment opportunities.</li>
<li>Performs impairment assessment on upstream assets.</li>
<li>Conducts field portfolio management and projects ranking.</li>
<li>Leads the process of building and updating guidelines for upstream economics evaluation.</li>
<li>Develop less-senior staff through designing, implementing and overseeing professional development programs.</li>
<li>Represents Aramco in external technical conferences, symposiums, and forums.</li>
</ul>

<p><br />
<b>Minimum Requirements</b></p>

<ul>
<li>BS in Petroleum Engineering or related disciplines; advanced degrees in Business, Petroleum Economics, Finance or related would be very beneficial.</li>
<li>15 years of experience gained through working for a reputable oil and gas consulting and/or E&amp;P companies specializing in PE technical disciplines such as: Reservoir Characterization, Petroleum Development Architecture, Business Development Planning, Reservoir Surveillance &amp; Monitoring, Reserves Assessment and Economic Evaluations.</li>
<li>Must have strong familiarity with: geology/geophysics, petrophysics, drilling operations, completion methods, artificial lift, well testing, flow assurance, production operations, surface facilities design, and cost estimation.</li>
<li>Experience working in a large organization with a varied portfolio of reservoirs, or had a wide range of experience in smaller companies.</li>
<li>Expertise in oil and gas reservoir development and depletion plans.</li>
<li>Expertise in investment decision analysis (including risk and uncertainty), strategic long-term production plans and portfolio analysis.</li>
<li>Extensive experience presenting to executive management and large audiences.</li>
</ul>

<p><br />
<b>Working environment </b><br />
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Our high-performing employees are drawn by the challenging and rewarding professional, technical and industrial opportunities we offer, and are remunerated accordingly.<br />
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At Aramco, our people work on truly world-scale projects, supported by investment in capital and technology that is second to none. And because, as a global energy company, we are faced with addressing some of the world&
39;s biggest technical, logistical and environmental challenges, we invest heavily in talent development.<br />
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We have a proud history of educating and training our workforce over many decades. Employees at all levels are encouraged to improve their sector-specific knowledge and competencies through our workforce development programs - one of the largest in the world.</p>

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