We are on an evolutionary journey where we’re changing our story. We are looking to hire an experienced Petroleum Engineering Team Lead to join our diverse team in our Company.
In this role, you will work closely with our Strategic Business Units (SBU) and departments across the Group.
You will be responsible for providing leadership to OML 42 gas development and asset maturation activities, and in participating and shaping oil development activities. The role will cover subsurface oil and gas development, production support, well engineering and development planning economics.
Work with other job functions in the Asset Development, Engineering & Major Capital Projects, Operations, and other units to maximize the value of the company’s oil and gas reserves and resources.
Activities include field development planning, performance monitoring, reserves assessments, reservoir and well modelling, production forecasting, identification of well intervention and drilling opportunities, and economic evaluation.
As an Experienced Petroleum Engineering Team Lead, you will be responsible for:
- Working with other disciplines to carry out annual review of and updates to oil and gas reserves to ensure estimates are reliable.
- Providing timely requisite reports for statutory and business needs.
- Providing operational guidance to the activities of Reservoir Engineering, Geoscience, Well Engineering, G&G services and technical support.
- Managing production and cost forecasting for business planning.
- Supervising the planning of drilling activities for reservoir development and contribute in the preparation of the Drilling/Workover plans
While working closely with other disciplines, carrying out petroleum engineering aspects of oil developments. This includes:
- Nodal analysis to estimate well production potentials.
- Material balance modelling.
- Reservoir simulation modelling.
- Reservoir fluid Pressure-Volume-Temperature (PVT) modelling.
- Surface facility modelling.
- Working closely with earth scientists to understand geologic uncertainties and ensure they are incorporated in reservoir models.
- Selecting appropriate ranges of key uncertainties to achieve high confidence uncertainty ranges in forecast reservoir performance.
- Optimizing number and type of wells and completion types.
- Interfacing with facility and drilling engineers to evaluate alternative facility and well configurations.
- The use of economic models to estimate economic outcomes.
- Working with economic analyst to rank well drilling opportunities to ensure that the most profitable opportunities are drilled earliest when practical.
- Working with engineers working on oil assets to coordinate development of oil rims and gas caps in reservoirs with thin oil rims and large gas caps.
- Visiting field locations to become familiar with oil production and gas processing assets, and for other reasons related to responsibilities.
- Participating in formulating conceptual development plans of exploration opportunities, estimating the corresponding investment and production potential, and the resulting economic value.
- Preparing and updating Field Development Plans and participate in securing Nigerian Upstream Petroleum Regulatory Commission (NUPRC) approval.
- Meeting with officials of NUPRC as required to obtain well intervention, well drilling and project approvals. Provide information and clarity on projects, or any other issues that may arise
- Meeting with personnel of NNPC E&P Limited (NEPL) – our JV partners – as required to reach alignment on projects, or any other issues that may arise.
- Participating in the computation of flare numbers to ensure that they are accurate. Recommend the installation of meters where required.
- Participating in the joint venture budget review process with our partners.
- Ensuring timely compliance with regulatory requirements.
- Participating in reserves and production forecast reviews by consultants.
- Performing other duties as may be assigned by your manager.
What are we looking for?
- Bachelor’s degree or higher in Petroleum Engineering, Chemical Engineering or Process Engineering.
- Relevant professional qualification / membership
- Minimum of 10 years of subsurface oil and gas industry experience
- Material Balance Methods and Applications
- Integrated production modeling
- 3D Reservoir Simulation
- Field Development Planning
- Reserves Estimation and production forecasting
- Fluid PVT Analysis
- Decline Analysis
- Relative Permeability
- Production Forecasting
- Well test analysis and interpretation
- Basic understanding of geosciences
- Probabilistic Analysis of reservoir volumes
- Subsurface Uncertainty Analysis and Management.
- Familiarity with well and reservoir modelling software.
- Strong analytical skills.
- Good communication and interpersonal skills.
- Well organized with ability to perform amidst competing tight deadlines
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We are on an evolutionary journey where we’re changing our story. We are looking to hire an experienced Planning, Economics & Commercial Manager to join our diverse team in our Company.
In this role, you will work closely with our Strategic Business Units (SBU) and departments across the Group. You will facilitate the process of compiling, documenting, and communicating short-, medium- and long-term expenditure, oil and gas production, operating expenditure plans, and tracking actual performance relative to plans. Provides quality decision analysis and clarity around the value propositions and profitability of investment opportunities to enable management to make the right investment decisions. Leads development and review of agreements and commercial negotiations.
As a Planning, Economics & Commercial Manager, you will be responsible for:
- Facilitating the compilation of capital and operating expenditure plans, production forecasts, and planned downtime events from different departments. Aggregate information, and work with departments and management to prioritize and schedule activities/expenditures to fit budget guidelines.
- Developing short-, medium-, and long-term expenditure plans, oil, gas and water production forecasts, flare gas forecasts, and corresponding cashflow forecasts.
- Working with Joint Venture (JV) partners to gain alignment on JV priorities and budgets.
- Being involved in budget performance reviews and budget realignment activities with JV partners.
- Keeping abreast of alternative financing programs and ensure all Planning deliverables are met within the stipulated timelines.
- Implementing controls to ensure budget line owners do not exceed their budgets without appropriate approval process.
- Facilitating performance reviews to monitor the performance of departments and projects relative to budgets.
- Being familiar with relevant Nigerian fiscal terms including the Petroleum Profits Tax Act, Company Income Tax Act, and the Petroleum Industry Act.
- Building new economic models or revising existing models to ensure that the models capture the reality of the investments being evaluated.
- Collating, reviewing, and discussing input data and economic assumptions to undertake sound and profitability analysis for the OML 42 Asset.
- Carrying out economic and financial evaluations of investment proposals including development drilling, facility investments, and exploration drilling.
- Developing presentations to effectively communicate budgets, forecasts, economic analysis results and recommendations to both internal and external audiences.
- Performing any other required planning and economic analysis functions.
- Leading development and review of agreements and commercial negotiations.
What are we looking for?
- Bachelor’s degree in Finance/Economics/Engineering or any related numeric field.
- Minimum of 10 years’ experience in the oil and gas industry with a minimum of 2 years in a supervisory or higher position.
- Extensive experience in financial and economic modelling of oil and gas investments.
- Experience in planning or budgeting function would be an advantage
- Experience in negotiating commercial terms would be an advantage.
- Excellent skills in financial and economic modeling as well as investment appraisal
- Familiarity with economic modelling software or spreadsheet models
- Knowledge of oil & gas market and the key value drivers
- Highly developed analytical skills
- Good communication and interpersonal skills and able to work in cross-functional teams
- Well organized individual with proven ability to perform under pressure amidst competing deadlines
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