Petroleum Engineer (Economics & Strategy)

Every action we take at Oberon Solutions is driven by our passion for People and our belief in changing the company's status quo – to become more inspired, more efficient, and more competitive in their industries.

We believe in supporting our customers differently by providing a unique HR analysis, along with tailored advice and tools for managing day-to-day recruitment.

Today, as we are supporting our client on one of their major projects for 2025, we are
currently looking for a:

Petroleum Engineer (Economics & Strategy) - PERMANENT POSITION

AUSTRALIA/NEW ZEALAND CAMPAIGN FOR EXPAT OPPORTUNITY IN SAUDI ARABIA

They are seeking an experienced Petroleum Engineering (PE) professional to join their Unconventional Reservoir Engineering Department (URED). This position is based in Dhahran, Saudi Arabia.

Reporting to the Manager of the UR Development Strategy and Reserves Division, the PE will have broad experience within the unconventional upstream oil and gas industry. The PE should have in-depth knowledge and expertise with the following: (1) Economic Evaluation, Business Planning and budgeting (2) Field development and depletion plans, and (3) Investment decision analysis (including risk and uncertainty).

URED provides high-level technical support to upstream management encompassing all areas related to unconventional field development within the Kingdom. This role requires both depth and breadth of critical technical expertise, managerial acumen and exceptional communication skills. The successful candidate will provide strategic options for unconventional development with emphasis on economic evaluation. The successful candidate will apply holistic modeling and decision analysis techniques to support value optimization of the full upstream portfolio within the Company’s upstream strategy. Additionally, the successful candidate will have significant liaison responsibilities with several organizations internal to Saudi Aramco including Finance, Corporate Strategy & Market Analysis and Reserves.

Duties and Responsibilities:

• Carry out economic Modeling to support development as part of commerciality assessment
• Perform economic evaluation to support fast-paced development decisions and work closely with support functions including Corporate Finance, Strategy and Reserves groups
• Carry out Risk & Uncertainty assessment of technical and financial components
• Perform Specific scenario planning and sensitivity studies as directed by Management
• Work closely with multi-disciplinary teams to strategize and implement field development plans
• Conversant with Reserves estimation, validation and booking for unconventional plays
• Conversant with business planning process. Short- & Long-range planning, portfolio ranking.
• 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 the company in external forums.

Essential Requirements:

• Bachelor's degree in Petroleum engineering or related science as appropriate to the required discipline. An advanced degree in Petroleum Economics or Statistics would be an advantage.
• 12-15 years’ experience with at least 5-8 years in unconventional plays including shale, tight sand or channel reservoir. Experience in unconventional hydrocarbon basins required.
• Preference will be given to candidates with experience in unconventional green field development.
• Knowledge of the following applications (or similar) is required: PEEP, MOSAIC, Enersight, PVTsim, ProjectRA and Spotfire.

Minimum Requirements:

• Demonstrated ability to work in a fast-paced environment and handle ambiguity in analysis.
• Strong computer and Data analysis/Statistical skills, visualization with Spotfire.
• Proficient with economic sensitivities along with Business Planning acumen.
• Solid organizational and time management skills. Ability to work with limited data.
• Excellent written and verbal communication skills. Ability to generate Management Reports.
• Broad knowledge in drilling, stimulation and production technologies.

Company Benefits:

• Permanent Employment on an Indefinite Term Employment Agreement.
• Company Incentive Plan: This is a broad-based annual and performance based incentive plan based on company and individual performance, base salary, and length of service during the plan year. The objective of this plan is to drive organizational performance, as well as, recognize and reward your contributions beyond the normal annual merit increases.
• Annual repatriation travel allowance: An annual cash payment that more than covers airfare costs to your home country. You have full flexibility to use this payment in any way you choose.
• Annual vacation: You can look forward to up to 38 calendar days of paid leave each year. In addition, you’ll typically be granted between 9 and 11 days of national public holidays each year.
• Severance award: In accordance with the Saudi labor law, a severance award is payable by the company to employees who leave after two years or more of satisfactory service. The severance award is based on length of continuous service and final base pay. The severance award can be a substantial benefit for longer service employees.
• Education Assistance Plan: If you are hired on family status, you may be eligible to benefit from the company’s excellent education assistance plan for dependent children. This may include the option for them to attend Company’s high quality private schools or to attend international schools in the local community.
• Quality housing in company communities or a rental assistance allowance: They have four communities in the Eastern Province where they provide quality accommodation in pleasant surroundings. Alternatively, employees may obtain housing in the local communities outside of the Company communities, for which they provide a rental assistance allowance.
• Free medical care: They provide medical care via their subsidiary medical network or contracted hospitals and clinics. These facilities are among the finest in the Middle East.
• Free access to recreational facilities: You will have access to their extensive range of recreational facilities that include: private beaches, tennis courts, exercise gyms, swimming pools, golf courses, tennis and squash courts, and much more.
• Free scheduled transportation: Air-conditioned buses are provided free of charge for transportation within camp areas, to work locations, local shopping areas outside camp, the beach and our other communities.
• Voluntary Group Life and Accident Insurance: you may enroll in a voluntary program providing term life insurance and accidental death and dismemberment (AD&D) coverage equal to 12, 18, 24 or 30 times your monthly base salary. Favorable group rates keep the premium low.
• Short-term Disability: In the event you are unable to work due to illness or injury, short-term disability income benefits are provided. The benefit is 30 days full pay and 60 days at three-quarters pay, in any one year period.
• Death Benefit: Company pays an ex-gratia death benefit equal to 24 months base pay if death is from an industrial accident and 12 months base pay if death is non-industrial related.
• Career development: They recognize and value professional growth and achievement, so you’ll have many opportunities to develop your career and expertise.

Salary will be based on level of experience.

If you recognize yourself in this job position, don’t hesitate to send us your application at ***********@oberon-solutions.co.uk