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  • Posted: May 19, 2025
    Deadline: Not specified
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  • WTS Energy is the leading Consultant/Manpower Supply company to the international Oil, Gas and Energy industry. We supply Consultants to the Projects and Operations of our Clients. We also perform Outsourcing Services like Project Recruitment Campaigns and Workforce Management in Oil and Gas regions around the world. We operate globally with offices in 16 c...

     

    Reservoir Engineer

    JOB SUMMARY

    Evaluate and optimize reservoir performance, develop reservoir models to maximize hydrocarbon recovery while potentially contributing to technology development.

    KEY RESPONSIBILITIES

    • Collaborate with geoscientists to optimize recovery strategies and develop production forecasts.
    • Coordinate data acquisition programs, interpret, evaluate and integrate this data to develop, sustain and optimize production performance.
    • Collaborate with production engineers to analyze production data to generate lift curves required for making informed decisions regarding well design, equipment selection and production strategy.
    • Estimate reserves and assess the economic viability of field development projects in collaboration with cross-functional teams, including geoscientists, production engineers and economists.
    • Collaborate with multidisciplinary teams (geoscience, planning and drilling) by providing required technical expertise for the planning and execution of new workover wells.
    • Support other technical cross-functional teams to monitor drilling operations and analyze results in real-time for timely informed decisions.
    • Provide technical support to drilling team for post-drill/post-workover review, coordinate post-drill resource and reserves bookings and prepare technical reports and presentations for management and stakeholders.
    • Leverage subsurface data Pressure Volume Temperature (PVT) to define reservoir contacts and build subsurface models to evaluate dynamic properties of reservoirs, assess uncertainty, mitigate subsurface risks and generate production forecasts for field development planning.
    • Provide reservoir engineering input for well and completion design, subsurface, and facility development plans.
    • Conduct technical evaluation of prospects and discoveries with crossfunctional teams with focus on volumetric analysis and recoverable resource estimates, reservoir modelling, and economic analysis.
    • Participate in appraisal planning efforts providing technical input to optimize the scope and timing of data gathering during exploration and appraisal activities.
    • Ensure compliance with government regulations on all aspects of asset development and reservoir management lifecycle

    KNOWLEDGE & SKILL REQUIRED

    • 7-10 years’ relevant experience.
    • Have a good working knowledge of PVT, SCAL, reserves, production optimization, forecasting and integrated modelling.
    • Proficient in the use of Eclipse and Petrel RE applications with a strong background on black-oil and EOS modelling.
    • Possess intermediate skill in log interpretation.
    • Proficient in Pressure Transient Analysis (PTA) using Saphir.
    • Possess good experience in Decline Curve Analysis (DCA) using OFM and
    • Material Balance Analysis (MBA) using MBAL.
    • Must have good proficiency with Microsoft office applications such as Ms 
    • Word, Ms Excel, Ms PowerPoint, Ms Project etc.

    PROFESSIONAL QUALIFICATIONS

    • Bachelor’s degree in petroleum, chemical engineering any relevant engineering discipline from a reputable higher institution.
    • A minimum of Second Class Upper degree.
    • A Second Class Lower degree could be considered for candidates with advanced degrees (MSc, MBA, or equivalent).

    go to method of application »

    Head, Planning & Economics

    JOB SUMMARY

    To lead the strategic planning, economic evaluation, and commercial management functions of the company, ensuring investment decisions, business performance tracking, and commercial agreements are aligned with corporate growth and profitability objectives. The role will serve as a key advisor to executive leadership and interface with partners, regulators, and investors.

    KEY RESPONSIBILITIES

    Strategic Planning

    • Lead the development and periodic review of the company’s corporate strategy and business plans.
    • Coordinate the annual budget, long-range plans, and forecasting cycles.
    • Monitor and report business performance metrics to senior leadership.

    Economics & Investment Analysis

    • Evaluate upstream project economics (NPV, IRR, payback).
    • Conduct sensitivity analysis and risk assessments for capital investments.
    • Support AFE (Authorization for Expenditure) processes with robust financial models.

    Commercial Management

    • Lead commercial negotiations, JV agreements, and service contracts.
    • Develop and maintain economic models for pricing, contract structuring, and asset valuation.
    • Drive the monetization strategy for oil, gas, and by-products (e.g., barging, offtake, etc.).

    Stakeholder Engagement

    • Liaise with JV partners, regulatory bodies (e.g., NUPRC), and host communities on economic and commercial matters.
    • Represent the company in commercial and economic discussions at industry forums.

    Leadership & Team Development

    • Build and lead a high-performing team in planning, economics, and commercial functions.
    • Provide mentorship, coaching, and succession planning for functional team members

    KNOWLEDGE & SKILL REQUIRED

    • Strategic thinking and commercial acumen
    • Advanced analytical and financial skills
    • Excellent negotiation and stakeholder management abilities
    • Strong leadership and team development skills
    • Familiarity with upstream value chain, PSCs, JVs, and regulatory frameworks

    PROFESSIONAL QUALIFICATIONS

    • Bachelor’s degree in Engineering, Economics, Finance or related discipline (required)
    • MBA or Master’s in Energy Economics / Finance (preferred).
    • Minimum 15 years of experience in upstream oil & gas or oilfield services, with at least 5 years in a leadership role
    • Strong expertise in financial modelling, petroleum economics, and contract negotiation

    Method of Application

    Use the link(s) below to apply on company website.

     

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Average Salary at WTS Energy
₦ 544K from 1 employee
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