Petroleum Planning and Economics Consultant

Leap29

  • Al Ahmadi, Kuwait
  • Contract
  • Full-time
  • 12 days ago
Job DescriptionMy Client is an international Service Company who are based in Kuwait. Due to expansion, my client is searching a Petroleum Planning and Economics Consultant for a 3-4 month Contract. The Consultant will be based in Kuwait working in the KOC offices.The Petroleum Planning & Economics Consultant will be required to have above 15 years experience in:Upstream asset lifecycle evaluation, portfolio strategy and capital efficiency optimisation.Reserve economics, including PRMS reserves classification integrating into economic models and value optimisation of contingent resources through investment decisionsBuilding advanced economic models from exploration to abandonment using methods like Monte Carlo simulationCalculations of critical risk-adjusted metrics including eNPV, EMV, risked asset valueDevelopment Planning
  • Economic screening of development concepts
  • Well count optimization
  • Facility options analysis
  • Development phasing strategies
  • Techno-economic analysis of EOR/IOR projects
Prospect Economics
  • Prospect risking (chance of success)
  • Volumetric uncertainty modeling
  • Portfolio optimization
Essential Skills:Reservoir to Economics
  • Translating reservoir simulations and decline curves into economic forecasts
Performance Analysis
  • Developing capital efficiency and post-audit project reviews
Cost Integration
  • Incorporating drilling/completion cost trends, LOE forecasts, and tariffs
Portfolio Strategy
  • Strategic portfolio balancing between exploration and development opportunities, and between short-cycle and long-term investments
  • Optimizing capital allocation under various constraints including rig availability, capital limitations
Consultants with experience in the following softwares would be preferred:CategoryIndustry StandardsEconomics PlatformsARIES, Quorum, PHDWinPortfolio OptimizationSpotfire, Power BI, Palantir FoundryRisk Analysis@RISK, Crystal Ball, DecisionTools SuiteData & AnalyticsAdvanced Excel/VBA, Python (Pandas/NumPy), SQLIf you feel you have the right experience, please feel free to apply

Leap29

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