Oil & Gas

Petroleum Economist

  • Full Time
  • Saudi Arabia
  • 42017458

**********Please only apply if you are an EU/UK Passport holder**************

**********Please note this role requires relocation to Saudi Arabia*************


We are seeking a Petroleum Economics Specialist to join the Upstream Development Strategy & Reserves Department (UDS&RD) of a market leading Oil and Gas organisation based in Saudi Arabia, who manages one of the world’s largest portfolios of on-shore and off-shore oil and gas fields.  UDS&RD provides high-level technical support across the full range of hydrocarbon exploration and production activities, including economic optimization of the entire resource portfolio; as well as opportunities to conduct pioneering studies, introduce new technologies, and propose innovative development solutions. 

The Petroleum Economics Specialist will lead the conceptualization of oil and gas field developments and their commerciality assessments, focusing on long-term reservoir development, depletion planning, and economic evaluations.  This includes holistic corporate modelling and decision analysis to support field development plan concepts, portfolio capacity management, and related techno-economic studies.

Key Requirements:

  • BS in Petroleum Engineering; advanced degrees in Business, Petroleum Economics, Finance or related would be very beneficial.
  • 10+ of experience gained through working for a reputable oil and gas consulting and/or E&P companies specializing in PE technical disciplines such as:  Reservoir Characterization, Petroleum Development Architecture, Business Development Planning, Reservoir Surveillance & Monitoring, Reserves Assessment and Economic Evaluations.
  • Experience working in a large organization with a varied portfolio of reservoirs, or had a wide range of experience in smaller companies.
  • Expertise in oil and gas reservoir development and depletion plans.
  • Expertise in investment decision analysis (including risk and uncertainty), strategic long-term production plans and portfolio analysis.
  • Extensive experience presenting to executive management and large audiences.

On offer / Packages:

  • Proper meaningful uplift on current salary.
  • Additional expat uplift on top for the fact this job not down the road and requires a relocation.
  • Additional ‘benefits supplement’ (pension money effectively but paid to you monthly to make own arrangements).
  • All tax free.
  • Subsidized housing, appropriate to family size and full use of the excellent facilities in the communities – Private Beaches, Golf, Sailing Clubs, Equestrian Centers, State of the art Gyms, Swimming Pools, Cinemas, Malls, Bowling.
  • Full medical coverage which covers General Health, Clinics, Emergency, Pharmacies.
  • Repatriation allowance with generous flight money per year per adult and family where relevant year.
  • Education that is at an extremely high standard, with multiple schools and a reimbursement program for private schools or should you wish to send your children overseas to study.
  • Top Tier Career and Personal Development Program with exposure and access to the latest in innovation, technology, techniques, methodology and certifications.
  • Fully supported and subsidised relocation to KSA

If interested in applying for a job opportunity or wish to chat about the options available, please forward on your CV review to sean.lewis@peglobal.co.uk or for more info or visit our website www.peglobal.net.