Project Evaluation Engineer

US-TX-Houston
1 month ago
Requisition ID
2017-4454
# of Openings
1
Category
Engineering

Company Overview

Apache Corporation is one of the world's leading independent oil and gas producers. The company has a six-decade record of profitable growth, and is differentiated by its #1 position around the world, entrepreneurial culture and deep operational focus.

Key Duties/Responsibilities

The Project Evaluation Engineer role will function as a point contact and technical liaison between the Regional Reservoir Engineering (EE) and Planning Groups and key corporate groups involved in portfolio modeling, investment decision-making, and capital planning. The Project Evaluation Engineer will have a key role in coordinating the workflows required to develop and maintain the characterizations of projects and plays within a Region for inclusion in the Apache Portfolio Model (APM). The Project Evaluation Engineer will reside in the Region office and function as a local extension of the corporate based Exploration Evaluation Group working closely with the Region Reservoir Engineering and Planning teams. The engineer will serve as a technical expert and resource to the Region in developing forecasts and analyses of the Region’s opportunity set to provide insight to the Regional leadership team. The engineer will develop an in-depth knowledge of the project/play characterization tools and methods supported by the Exploration Evaluation Group and assist the Asset Teams in project characterizations within the Region.

 

This position will initially be located in Houston at the Corporate office and then move to the Midland location.

 

ESSENTIAL FUNCTIONS


1. Technical Liaison: Liaison between Regional Reservoir Engineering Groups and Corporate Groups, primarily: Exploration Evaluation, Corporate Planning, and Corporate Operations Support.


2. Portfolio Update Coordination: Manage the internal Regional portfolio update schedule and activity:

  • Coordinate with Regional asset team leads to ensure that projects/plays are appropriately characterized and represented in the APM
  • Develop in-depth understanding of the full project inventory held within the Region
  • Work with Regional management to identify commitments and/or constraints for inclusion in the APM
  • Improve process for updating and loading project/play characterizations to the APM
  • Ensure quality and consistency in economic modeling of the Regional inventory of projects/plays, utilizing Apache standard investment economics principals

3. APM knowledge & Utility: Develop an in-depth understanding of the APM and ancillary tools (Loader Tool, Roll-up Tool, QC Tool, etc.).

 

4. Project/Play Characterizations: Develop an in-depth knowledge of the project/play characterization tools and methods supported by the Exploration Evaluation Group:

  • Tools: PetroVR, UCR Scoping Model, RAPID, GeoX, EE Group Tools
  • Methods: Play risking, play characterization in a decision tree context (treating uncertainty in outcomes)
  • Advise and assist in project characterizations within the Region
  • Assist in building Field Development Plans

 

5. Regional Portfolio Analyses: Participate with the EE Group in conducting portfolio analyses of the Region’s inventory of projects/plays:

  • Assist in designing and conducting optimization scenarios to test alternative strategies for the Region
  • Participate in net value assessment of acquisition opportunities for the Region
  • Run rollups and comparative analyses of APM scenarios for review with Regional leadership
  • Communicate/present Regional APM scenario modeling to Regional leadership

 

6. Region Lookbacks & Reviews: Coordinate project performance lookbacks and reviews with the Corporate Operations Support Group, Competitor Intelligence Group, and Corporate Reservoir Engineering.

 

Job Qualifications

  • BSc in Petroleum, Mechanical or Chemical Engineering required.
  • 5 to 10 years of experience in the oil and gas exploration and production industry, with an emphasis in reservoir engineering, planning and budgeting. 
  • Extensive knowledge of economic evaluations is required, including strong skills in modeling with ARIES. 
  • Highly proficient in using the Microsoft Office suite of applications (WORD, EXCEL, POWERPOINT, ACCESS).
  • Strong knowledge in reservoir engineering practices with an emphasis in production forecasting tools.
  • Knowledge of stochastic methods for treating risk and uncertainty in oil and gas E&P projects.
  • Excellent written and verbal communications skills are required.

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