The Company:is an international oil and gas exploration and production company — the fourth-largest in the U.S., based on market capitalization.
The Role:Critical member of a multi-disciplined team adding value to the Permian asset through capital reinvestment and application of solid reservoir management skills. Works with team of geoscientists, production/facility engineers and field operators to identify, develop and execute drilling projects and to optimize C02 and evaluate potential C02 floods. Responsibilities also include production and reserve forecasting for the annual budget and planning process. Successful candidates will enter Occidental's mentored program, which features on-the-job training through challenging job assignments.
Key Activities
• Asset Production Optimization
• Work in conjunction with RMT to optimize CO2 flood performance
• Unconventional Reservoirs
• Active leadership and participation in “Well and Pattern Reviews” Reservoir Engineering Studies and Associated Project Economic Evaluations & Proposals
• Perform reservoir engineering studies in support of the RMT;s development plans
• Completes economic evaluations using detailed technical work for prioritized projects
• Completes screening economic evaluations for upside development resources through preparing rate/reserve estimates, obtaining drilling, facility, operating cost estimates from appropriate personnel, and completing economic evaluations
• Quantify remaining reserves potential, and evaluate rate, reserves, and economics for drilling and well work options
• Develops plan with Geologist and Geophysicist for data acquisition needs in support of reservoir studies (seismic, well logs, etc) including project plans and cost estimates
• Prepares, submits necessary documentation for AFE & AFE supplement Reserves Management & Business Planning Support
• Supports RMT in reserve review efforts, providing technical support for base and wedge profiles
• Supports RMT business planning efforts, assuring PEEP (economics & reserves model) is consistent with current depletion, approved wedge investment, and probable/possible reserve cases. Assures PEEP contains appropriate drilling and investment well work project data. Working Interest Owner Engagement
• Prepares / submits necessary documentation for outside consulting projects (AFEs) and presents project summary
• Prepare for and present project recommendations and project status updates as needed in support of working interest owner requirements and requests
Essential Skills / Qualifications:Qualifications
• Bachelors degree in Petroleum Engineering or related field required; Masters in Petroleum Engineering preferred
• 7 or more years of related experience
• Demonstrates an understanding of technical principles, theories and concepts within Reservoir Engineering
• CO2 flooding experience
• Knows how to use OFM or DSS to perform base reservoir surveillance and estimate reserves
• Knows how to use PEEP to calculate reserves and economics
• Knowledge of oilfield chemistry as it relates to corrosion scale and paraffin deposition
• Understands how to use enhanced oil recovery as a % of original oil in place vs CO2 injected as a % of hydrocarbon pore volume plots to optimize water and gas (WAG) injection schemes for individual WAG injectors
