Senior Petroleum Economist
- Location: Sabah
- Salary: £27.1k - 54.3k per year
Job details
- Location
- Sabah
- Salary
- £27.1k - 54.3k per year
- Job Type
- Permanent
- Ref
- 241499
- Posted
- 10 months ago
Senior Petroleum Economist
Job description
- Overall responsible for Upstream assets and development projects economic valuation in SMJSB.
- A member of SMJ EP team, reporting to SMJ Upstream Director, working together with other members of SMJ EP team and assisting SMJ's Upstream Director to deliver SMJ EP business objectives
- Responsible to develop, update and maintain petroleum economic and financial models, perform regular quality checks to ensure models are bugs free, accurate and efficiently organized and documented for quality control and audit trail purposes
- Responsible to organize and quality check on input data and assumptions, on technical and financial, to the economic and financial models and quality check on output data to make sure modelling and calculations are error free prior to releasing results to stakeholders
- Responsible to perform exploration and late life asset economics both using deterministic and probabilistic approach
- With the support and input from external consultant, carry out comprehensive economic evaluations backed up with appropriate commercial terms in all Upstream asset acquisition exercise.
- Responsible to prepare and report out, make presentations to management team on results and recommendations on economic and financial evaluations
- Contract holder and manager for engaging external consultants on inputs to Upstream economic and fiscal terms modelling.
- Actively participate in company's HSE and CSR initiatives and programs that include but not limited to, safety observations and HSE Trainings, community and society contributions
Qualifications and Skill:
- Minimum with Bachelor's degree in petroleum engineering or equivalent engineering or economics
- Min 15 years' experience in the Oil & Gas company with considerable experience in petroleum economics
- Experience in Upstream commercial negotiation would be an added advantage
- experienced in managing wide range of petroleum economics and fiscal terms in Malaysia like PSC and PITA terms, cost recovery, ARO issues etc..
- experienced in managing wide range in exploration (EMV approach), project FIDs (incremental approach) and production economics (enhancement, efficiency and Late Life Assets).
- Strong and fast in Microsoft office tools and good data management skills
- Strong analytical and strategic thinking skills and the ability to draw and support technical and commercial conclusions. - Good communication and presentation skills, strong interpersonal skills. Ability to express professional opinions both orally and in writing. - Able to mentor junior petroleum economist staff in EP works. - Able to cope with high pressure working environment in fast turnaround and off office hour works.
Similar jobs.
View all
Natural Resources Careers
Reservoir Engineer
- TypePermanent
- SalaryMarket related
- LocationMalaysia
Job Decriptions Provide reservoir engineering expertise, including expertise in field development planning, reservoir modeling/simulation, economic evaluation, feasibility studies, and due diligence.Expertise in conducting reservoir engineering analysis and economic evaluation utilising technical and economic software packages (Petrel, Eclipse) or industry-equivalent software packages. Assess and evaluate option to optimise production and recovery utilising data acquisition, interpretation, and analysis as well as techniques such as static and dynamic model utilising reservoir simulation software, well test interpretation, reservoir surveillance (KAPPA Suite, OFM, etc.), and well performance modelling. Contribute to the evaluation, classification, and audit of reserves and resources in accordance with the SPE Petroleum Reserves Definitions.Collaborate with multidisciplinary teams to identify, execute, and optimise well performance opportunities.Supervise and provide direction for drilling and field production operations. Requiremnts Technically proficient, with an MSc in reservoir engineering, petroleum engineering, or geosciences. Minimum 8 years of relevant practical experience in Geomodelling/Reservoir engineering from an E&P company and/or oilfield services company, with proficient skills in using Petrel and flow simulators like ECLIPSE and similar tools.Curious, self-driven, willing to learn and share knowledgeStructured, analytical, and proactive approach to solving business problems and client challenges. Energetic team player, willing to travel. Programming skills such as Python are desirable.Proficient in English (written & spoken).-Malaysian only / Right to work in Malaysia.
Natural Resources Careers
Director, Upstream E&P (Location: Malaysia)
- TypeContract
- SalaryMarket related
- LocationMalaysia
Job description- Candidate is one of the business directors in COMPANY, reporting to COMPANY CEO and primarily responsible for developing and managing the upstream (Exploration and Production) business- Responsible to propose, seek approval from Board and deliver the business development plan for growing the COMPANY's EP upstream business- A member of COMPANY management team, working together with other members of Management team and Directors and assisting COMPANY's CEO to deliver the integrated COMPANY corporate business objectives.- A Shareholders' representative and member of Management Committee in non-operating ventures, taking the lead in managing the NOV business to maximise profitability and to protect shareholder's interests.- Lead the negotiating team to negotiate for successful acquisition and/or participation of upstream assets and projects.- Lead the EP teams and resources in COMPANY to deliver EP business development plan and coordinate the team's work on NOV matters. Develop young technical professionals in the EP team.- Overall responsible for technical, financial and legal due diligence activities on farm in projects, develop commercial framework and proposals for Board approval prior to negotiating with Petronas.- Contract holder and manager for engaging and licensing external technical and commercial consultants and technologies and tools to support the pursuit and realization of upstream projects.- Prepare board papers and get approval from COMPANY Board of Directors on COMPANY upstream matters.- Actively participate in HSE and CSR initiatives and programs that include but not limited to, safety observations and HSE Trainings, community and society contributions Qualifications and Skill:- Minimum with Bachelor's degree in petroleum engineering or geosciences- Min 20 years' experience in the Oil & Gas company with a considerable broad range of technical and commercial management experience in upstream business activities and functions.- Have experience in managing Upstream asset.- Familiar with Petronas Upstream business commercial contracts and fiscal terms- Have good knowledge in Upstream exploration and development economic valuation dynamics and commercial construct.- Experience in Upstream deal making, or asset acquisition exercise would be an added advantage
Natural Resources Careers
Head, Subsurface (Kota Kinabalu, Sabah)
- TypePermanent
- SalaryMarket related
- LocationSabah
Job description Candidate is the lead person responsible to cover the subsurface discipline matters in protecting shareholders' valueA member of E & P team, reporting to Upstream Director, working together with other members of E & P team and assisting Upstream Director to deliver E & P business objective.A member in the Technical Committee representing the non-operator, responsible to review the Operator work on subsurface, FDP subjects to identify the risks and opportunities and to influence Operator to rectify shortcomings or improvement to protect shareholders' interestsLead the subsurface team, and mentor to junior subsurface staff, to carry out technical studies to verify and cross check on Operator workSet up and maintain a subsurface database, evaluation methodology and work processes, and contemporary software tools to continuously upgrade the subsurface data and knowledgeContract holder for engaging and QAQC works of external resources to carry out technical studies including seismic and QI studies, static and dynamic modelling, well optimisation, reserves calculations, production forecasting, FDP, ADP to support project maturation and implementation, stewardship and surveillance workReview Operator work for Final Investment Decision (FID) of development projectsProvide advices and seek endorsement from Board on S due diligence process, non-operator interests, development project FIDs, annual work program and budgets and annual business planning relating to technical studies and development projectsActively participate in company's HSE and CSR initiatives and programs that include but not limited to, safety observations and HSE Trainings, community and society contributions Qualifications and Skill: Minimum with Bachelor's degree in geology and geophysics or petroleum engineering or equivalent and relevant academic qualificationsMin 15 years' experience in the Oil & Gas company with focussed experience in one of the subsurface disciplines (RE, PT). Technical managerial skills would be a pre-requisiteDetailed skills in reservoir engineering or production technology who has coordinated integration of subsurface disciplines (GG, RE, PP, PT and Econs) in hydrocarbon maturation funnel, Field Development Planning and Area Development PlansFamiliar with reserves calculation and reporting and production forecastingExperience in using geomodelling and engineering software tools like PETREL and OFM or other analytical calculation in line with industrial standardKnowledge in well design, operations, drilling hazard analysis, drilling, cutting core and core analysis and production testing would be an advantageStrong analytical and strategic thinking skills and the ability to draw and support technical and commercial conclusions.Good communication and presentation skills, strong interpersonal skills. Ability to express professional opinions on technical subjects, both orally and in writing.Able to coach and mentor junior subsurface staff
Natural Resources Careers
Completion Engineer
- TypePermanent
- SalaryMarket related
- LocationMalaysia
Bachelor’s degree in Engineering in Petroleum / Mechanical / Process or equivalent.10 years’ experience in well services / petroleum engineering and operations.Broad knowledge / engineering expertise in all related disciplines in well completion such as geology, reservoir, drilling, production, etc.Ability to integrate and communicate with specialists of corresponding disciplines.
Renewable Energy Careers
Senior SCADA Engineer
- TypeContract
- SalaryMarket related
- LocationGermany
Senior SCADA Engineer - HVDC This is an opportunity to work for a leading global player in the energy sector, an organisation that has been a staple in the industry for over 150+ years. With a rich history of driving technological advancements, they are looking to bring on an experienced, results-driven professional to help them with their continuous success in shaping the energy landscape. Be part of a diverse team dedicated to delivering cutting-edge SCADA solutions, contributing to the efficient and reliable operation of critical infrastructure. Description - Role: Senior SCADA Engineer Location: Southern Germany Length: 16 months (until 31/07/2025) Schedule: 40 hours per week Start date: May/June 2024 Rate: Competitive salary + complete benefits package (including Health insurance, holiday days, sick days, social security, pension etc) Role Overview - Project engineer in the field of HVDC control technology for SCADA Communication Gateway components Development and maintenance of specifications and manuals, coordinatingsignal lists with both internal interfaces and external customers & suppliers Creation and maintenance of the central control technology - signal database and configuration of the central data gateway (eg IPCOMM, ipConv) System integration and commissioning of the various components
Natural Resources Careers
Senior Drilling Engineer
- TypePermanent
- SalaryMarket related
- LocationMalaysia
We are currently looking for a local Senior Drilling Engineer to support for a Campaign in Malaysia. The candidate requires to have a minimum of 15 years experience in Oil & Gas industry. Extensive offshore exposure on semi-submersible and jack-up drilling vessels including time served as a Sr. Drilling SupervisorGood computer skill (MS office, Landmark, Wellview)
Natural Resources Careers
Senior Mechanical Engineer
- TypeContract
- SalaryMarket related
- LocationMalaysia
The ideal candidate for Senior Mechanical Engineer will be responsible to lead the planning, execution, monitoring and control of the maintenance of assets; in line with the Company's key business goal. Provide daily technical support to rigs under remitAssist with technical downtime issuesLiaise with OEM's as requiredTravel offshore to assist in technical problem solving and troubleshooting as requiredAssist with technical audit function in relation to maintenance and technical proceduresAssist with PM development as requiredAssist with annual budget preparationAssist with offshore minor projects and rig modificationsAssist rigs in follow up to ensure compliance with Technical MOC procedureAssist with follow up on onshore equipment repairs as requiredAssist with client related technical issuesCarry out rig familiarisation visitsAssist with Project Engineers when requiredAssist HOD with the design and implementation of troubleshooting guidesParticipate in duty phone roster system for technical issues outside office hoursBe familiar with all systems, directives and procedures and actively participate in the implementationBe familiar with all rig mechanical systems and controls fleet wideBe prepared to travel worldwide at short notice when requiredLead safety by example for all employees to followPromote safety awareness and safe work practice among all the personnelReport all hazards and positively intervene in all observed unsafe actsParticipate in emergency drills, including post-drill debriefs Candidate should fulfil the following: Preferably a degree in Bachelor of Engineering (Hons) in Mechanical and minimum 5 years' experience in technical support and or project engineeringFamiliar with computerised control systemsExperience on /with Offshore Drill Rigs and Rig equipment and TroubleshootingSound knowledge of rotating equipmentSound knowledge of hydraulic controls and systemsTrained in Mechanical trade or engineering degree
Natural Resources Careers
Senior Electrical Engineer
- TypeContract
- SalaryMarket related
- LocationMalaysia
The ideal candidate for Senior Electrical Engineer will be responsible as the Technical Support Engineer to facilitate asset reliability and ensures uptime of the vessels; in line with the Company's key business goal. Provide drilling fleet technical supportAssist and lead on technical downtime issuesLiaise with OEM'sInvolved with annual equipment inspectionReview vendor quotations and costings for major equipment repair. Prepare overhaul work-scope for major equipment to ensure OEM correct and accurate pricings on repairs and overhaulsPrepare repair work-scope for capital equipment (5 yearly)Regularly review, development and updating of the planned maintenance system (Star) for electrical equipmentTravel offshore to assist in technical problem solving, repairs & troubleshooting as requiredAssist with annual budget preparation for capital equipment expendituresAssist with and ensure compliance of TMOC procedureAttend equipment D&I/commissioning at vendor facilityAssist with client related technical issuesCarry out rig internal technical auditsAssist Projects/Newbuilds EngineersAssist HOD with the design and implementation of troubleshooting guidesParticipate in duty phone roster system for technical issues outside office hoursBe familiar with all systems, directives and procedures and actively participate in the implementationBe familiar with all electrical rig systems and controls fleet wideBe prepared to travel worldwide at short notice as and when required Candidate should fulfil the following: Preferably a Degree in Engineering (Hons) in Electrical & ElectronicsMinimum 10 years of experience holding the role of technical support and/or project engineering in O&G industryTrained in the following: LTI Driller/ Draw works Control Course; LTI Top Drive Control Course; Advance Siemens PLC STEP 7 Programming Course; Siemens & ABB VFD Course; Siemens PLC STEP 7 Programming Course; TDS- 8SA Top Drive Course; C++ Programming; MD Totco Drilling Instrumentation Course; Ex Certified; NOV Amphion Control System; HVAC CertificateExperience in offshore drilling or upstream industry with hands-on experience in drilling systems is a plusHighly skilled and efficient trouble shooter
Natural Resources Careers
PSC/JV Accountant (Upstream Oil & Gas)
- TypePermanent
- SalaryMarket related
- LocationSabah
WP&B and budget preparation and monitoring against internally approved corporate budget and approved WP&B.Ensure Compliance to PSC accounting as per the PSC and JOA.Prepare Petroleum Income Tax and Corporate Income Tax submission.Prepare reports or submission for transfer pricing, e-invoicing, GST / SST etc.Support the development of the accounting systems.Accounting of financial transactions (which include Revenue, cost, lnter-company accounts, and year-end adjustments) of all Joint Ventures and Area Office accounts.Prepare and ensure timely submission of monthly, quarterly and annual financial statements.Liaise with internal and external parties such as government authority (eg. IRB), JV operators & partners, tax consultants and auditors.WP&B and budget preparation and monitoring against internally approved corporate budget and approved WP&B.Ensure Compliance to PSC accounting as per the PSC and JOA.Prepare Petroleum Income Tax and Corporate Income Tax submission.Prepare reports or submission for transfer pricing, e-invoicing, GST / SST etc.Support the development of the accounting systems.Accounting of financial transactions (which include Revenue, cost, lnter-company accounts, and year-end adjustments) of all Joint Ventures and Area Office accounts.Prepare and ensure timely submission of monthly, quarterly and annual financial statements.Liaise with internal and external parties such as government authority (eg. IRB), JV operators & partners, tax consultants and auditors.
Natural Resources Careers
Data Analyst x3
- TypeContract
- SalaryMarket related
- LocationSarawak
We are currently looking for a Data Analyst to support a Campaign in Malaysia. The candidate requires to have a minimum 5 years experience as Data Analyst. Degree in Petroleum Engineering equilvalent. This will be a 1 year contract.
Renewable Energy Careers
Work Authorisation & Permit to Work Manager
- TypeContract
- SalaryMarket related
- LocationEngland
Work Authorisation & Permit to Work Manager - working alongside an industry leading client on a nuclear power plant project. Job Duties Supervise daily permit office operations to ensure compliance with established processes and standards.Foster and maintain relationships with construction, safety, and technical teams, delivering crucial performance data.Contribute to the creation and maintenance of innovative procedures and standards.Facilitate effective communication with senior management.Ensure the competency of permit acceptors and oversee training programs.Generate audit reports, identify non-compliance issues, and implement corrective actions.Review and adjust standards, policies, and procedures as necessary. Requirements:- Degree in Mechanical or Electrical Engineering or similar- NEBOSH Diploma or equivalent.- IOSH Managing Safely in Construction.- Proficient in managing diverse construction projects and coordinating contractors.
Natural Resources Careers
Staff Engineer, Mechanical Rotating (Based in Kota Kinabalu,Sabah)
- TypePermanent
- SalaryMarket related
- LocationSabah
Position Summary To provide technical equipment engineering advice and support to offshore operations (Ops), onshore discipline & maintenance engineers, and production engineering teams. Develop and optimize maintenance strategy and program in accordance with business objectives and KPI, as well as providing short to long-term strategies and plans to continuously improve reliability and availability to ensure rotating equipment ops maintenance activities are executed in a safe, timely and cost-effective manner. Responsible as the Technical Authority for rotating equipment and turbomachinery ops and maintenance. Principle Accountabilities 1. HSSE a) Responsible for HSSE and Regulatory Compliance within their relevant discipline to provide leadership support to achieve goal zero for the organization. b) Ensures HSSE issues are given primary consideration in all activities undertaken within area of responsibility, based on the ALARP principle. c) Maintain technical assurance for SCE and Process Safety items concerning the discipline. d) Actively support and provide technical know-how in technical studies and failure investigations, Process and Instrument diagram reviews, Safety Integrity Level (SIL) assessments and HAZOP's etc. e) Ensure surveillance audits are conducted on SCE related PMs to ensure the assurance task as per the Performance Standard are met. f) Ensure verification tasks are completed as required by the SCE Performance Standard. 2. Accountability a) Be accountable as the Technical Authority, for all rotating equipment on the facilities and analyze and approve deviations from standards and practices, as required. b) Owns Rotating Equipment Engineering as Subject Matter Expert (SME) and act as the primary source of knowledge, techniques and expertise within the area to provide professional and technical insight for design, engineering, and complex troubleshooting activities. c) Develops and manages the delivery of technical excellence within Rotating Equipment Engineering, and liaises with engineers, leads and senior managers within maintenance and ops to develop and strengthen assurance processes to ensure uninterrupted plant operation. d) Provide recommendations, steer & direction to contractors, maintenance team and offshore personnel regarding mechanical rotating equipment O&M management to optimize equipment and associated machinery usage to the assets. e) Executable rotating equipment tasks and targets based on optimization of costs and available resources. f) Facilitate/lead/participate any incident or defect elimination investigation according to defined methodologies with the relevant teams. g) Accountable for review and update of performance standard sections related to rotating equipment. h) Strategize optimum engineering & maintenance methodologies for effective medium and long-term life and performance. i) Provide assurance for regulatory and industry compliance j) Provision of support that will be multidisciplinary in nature k) Responsible to assess condition of rotating equipment based on baseline developed earlier, and lessons learns from other plants/site through LFI l) Carries out Troubleshooting/Inspection to establish root causes of failure (RCFA) and prepare Corrective Maintenance plans/options m) Proposes and develops in cooperation with Maintenance/Reliability Group reliability and safety improvement projects for the asset n) Recommends design upgrades of rotating equipment and systems as required to improve Asset Integrity o) Establish FMEA and maintenance strategy and conduct continuous improvement program, facilitate Reliability Centred Maintenance (RCM) exercise, oversee continuous KPI monitoring and reporting methods p) Responsible to review and provide assurance scopes for turbomachinery and critical equipment on Long Term Service Agreements 3. Maintenance tasks a) Provide scope, review effectiveness, and approve turbomachinery and critical equipment contract on CSA/ LTSA in supporting Maintenance team as Contract Holder b) Review and approve and inspect parts repair at vendor workshop c) Review and approve and inspect equipment undergoing factory acceptance tests (FAT) for equipment d) Carry out assurance verifications to have effective PM and CM tasks implemented for all rotating equipment e) Review the Quality of Execution of maintenance activities such that Preventive Maintenance, Inspections and Corrective Maintenance job routines are executed in accordance with the agreed work management plans, based on best practices for the industry f) Develop optimum maintenance tasks for new rotating equipment on the facilities and ensure tasks are incorporated in CMMS g) Identify and plan potential defects elimination for defects relating to leakage, looseness, vibration, excessive heat, missing or broken parts and wrong materials h) Provide with fit-for-purpose maintenance strategies in line with the company's set-up and capabilities 4. Technical Advice and Support a) Provide guidance, support and technical advice to Ops group concerning rotating equipment and to act as Technical Authority, to review and approve deviations from standards and practices b) Technical support for the frontline crew is to be expected during all reasonable times 5. Management of Change a) Make & Review recommendations to organization concerning changes in work scope, job specifications, task descriptions, CMMS scheduling, task instruction relating to rotating equipment to ensure that these offshore equipment function safely and efficiently b) Provide support to other disciplines 6. Material Identification and SCM Assistance a) Assist in resolving material identification, procurement problems, managing warehousing management and improvements 7. Contract management / development a) Liaise with vendors as part of long-term service contracts, ensure contract terms & conditions are fulfilled b) Define technical working scope and evaluation procedure. Appraise bids and provide advice to line organization of best "all round" offers regarding materials, equipment, and procurement c) Manage key contracts Price Agreements and for contractor teams in order to ensure that offshore rotating equipment continues to function safely and efficiently, within budget and available resources 8. Bid Evaluation a) Provide Bid evaluation criteria to project team on selecting new equipment b) Assist in evaluating bids and provide advice to the organization of best "all round" offers regarding on-site and off-site repairs and materials procurement for rotating equipment 9. Budget Preparation/Cost Control a) Assist in the preparation of engineering & maintenance budgets and controlling costs within approved budget limits b) Contribute to cost savings/ avoidance effort with maintenance optimization exercise 10. Planning & RCAs a) Participate in major maintenance planning, including leading risk assessments and providing lead technical inputs for RCAs b) Multidisciplinary knowledge is expected at this job level and as such, its corresponding site support 11. Quality Assurance/Audits & Surveillance a) Participate in qualifying contractors and performing quality assurance surveys b) Strategize and perform audits as necessary. To ensure that the machines meet the required standards set per code or OEM or Industry best practices c) Provide and approve QAQC verifications of repair work for rotating equipment 12. Continuous Improvement: a) Work with maintenance & production teams to optimize the quality of O&M. Optimize and revamp obsolete practices that will remove redundant & overly conservative work b) Improve and update and make executable Maintenance and Operating philosophies and strategies c) Introduce best practices from other industries and operating units to improve current practices to strive for safer, better, and cheaper technologies and best practices 13. Requisitions and Work Orders a) Write work orders for appropriate maintenance tasks when necessary b) Suggest and approve material requisition proposal by maintenance team, aligning with ops and maintenance strategies to maintain optimized but adequate inventory levels c) Write and assist facilities engineering and project team to new project scope relating to rotating equipment d) On larger or critical jobs verify job preparations are done properly, and jobs are closed out effectively with lessons learned recorded Requirements 1. Minimum Bachelor's Degree in Mechanical Engineering Discipline 2. Minimum 10-15 years of working experience in Rotating Equipment engi