Job profile summary:
Responsible for utilising broad reservoir experience and classical reservoir engineering methods to collate data from the field, ensuring it is properly analysed and integrated into the team's current understanding to inform decision making and the appropriate reservoir management and surveillance activities are planned and implemented.
- Evaluate value adding acquisition and joint venture opportunities
- Attend management presentations and review datarooms for acquisition opportunities of interest
- Develop type curves and technical assumptions to characterize undeveloped locations and fields
- Networking with other team members, determine spacing assumptions, location counts, and reserves for undeveloped wells and fields of interest
- Develop decline curves for producing wells for inclusion in evaluations
- Working with other team members, define key commercial parameters for inclusion in evaluations (drilling costs, lifting costs, midstream terms)
- Identify sources of value and upside that can contribute to the potential benefits for BPX in acquisitions and to highlight for Potential Buyers of BPX assets.
- Utilizing Aries, pull all key evaluation assumptions together and run economics for the assets of interest
- Contribute and provide key sections of management presentations when BPX selling assets
- Develop clear and concise presentations to communicate results of evaluations to management
- Actively project manage external reserve consultants to deliver 3rd party reserve studies for divestments within agreed parameters
- Work closely with BD Project Managers and Reservoir Engineer to deliver projects within the parameters established by the business
- Provide insightful market technical intelligence and competitor technical analysis to inform Business Development Activity
- Interface with counterparts at other companies to understand differences in assumptions and evaluations
- Attend A&D industry conferences and events to identify opportunities and progress understanding of evolving industry technical evaluation practices
- At least 5 to 10 years of relevant Reservoir Engineering experience required
- Strong preference for BD RE experience
- Be a self-starter who can work in high pressure environment with tight deadlines
- Able to work seamlessly in periods of intense activity but the position also requires the ability to utilize downtime to refine analytical models, develop tools and methods to optimize asset valuation
- Work well in a team environment with experts from different disciplines
- Extensive experience and proficiency utilizing Aries required
- Experience utilizing other key evaluation software packages and external DBs
- Strong communication and presentation skills
- Ability to manage multiple projects and deliverables in parallel
- Strong influencing skills to progress discussions with counterparties and consultants
- Networking skills necessary to bring together multiple inputs from various functional SMEs
- BS in Petroleum Engineering or other engineering field
- Foster an environment of safety first operations
- Demonstrate ability to achieve high performance goals and meet deadlines in fast paced business development environment
- Possess the tenacity necessary to tackle any challenge and a growth mindset to be on constant lookout for new solutions
- Strong team behaviours and ability to network effectively with colleagues to bring together an evaluation and work product reflecting several key functions
BP's BPX Energy business (formerly known as the Lower 48) operates across a vast US geography, from Texas north through the Rocky Mountains. The business manages a diverse portfolio which includes an extensive unconventional resource base of about 7.5 billion barrels of oil equivalent across 5.5 million gross acres in some of the largest and most well-known basins in the US. Headquartered in Denver (Colorado), BPX Energy employs about 1,700 people across six states, operates more than 9,600 producing wells and has 70,000 royalty owners. Our vision is to be the premier, high return, onshore exploration and production company that consistently increases asset value. Our Wyoming operations are anchored on the giant Wamsutter tight gas field in the south central part of the state. In the San Juan area of Colorado and New Mexico we produce from tight gas sands and operate the largest coal-bed methane field in the US. Our Mid-Continent operations cover the prolific Anadarko, and is home to the famed East Texas basin, along with the Woodford shale gas play and Arkoma basin. We also have non-operating interests in over 10,000 wells across the US with substantial positions in both the Eagle Ford and Fayetteville shale basins. In 2018, BP completed a $10.5 billion acquisition of BHP's world-class unconventional oil and gas assets in the Permian-Delaware basin in Texas, along with two premium positions in the Eagle Ford and Haynesville basins in Texas and Louisiana. These assets currently produce 190,000 barrels of oil equivalent per day, of which about 45 percent are liquid hydrocarbons. The deal represents BP's largest purchase since buying ARCO in 1999. It is a transformational acquisition for our BPX Energy business which gives the BPX Energy team access to some of the best acreage in some of the best basins in the onshore U.S.
If you are selected for a position in the United States, your employment will be contingent upon submission to and successful completion of a post-offer/pre-placement drug test (and alcohol screening/medical examination if required by the role) as well as pre-placement verification of the information and qualifications provided during the selection process. The drug screen requires a hair test for which BP must be able to obtain a sufficient hair sample for analysis (~4 cm/1 ½" scalp, or > 2 cm/¾" body - arms & armpits/legs/chest)
As part of our dedication to the diversity of our workforce, BP is committed to Equal Employment Opportunity. Applicants will receive consideration for employment without regard for race, color, gender, religion, national origin, disability, veteran status, military status, age, marital status, sexual orientation, gender identity, genetic information or any other protected group status. We are also committed to providing reasonable accommodations for qualified individuals with disabilities and disabled veterans in our job application procedures. If you need assistance or an accommodation due to a disability, you may contact us or have one of your representatives contact us at BPUSApplicationAssis@bp.com or by telephone at 281.366.1999.
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