Reservoir Engineer for Inventory Optimization

2 weeks ago

Houston, Texas, United States Occidental Petroleum Full time


Company Overview:

Occidental Petroleum is a prominent global energy firm with significant operations in the United States, the Middle East, and North Africa. We are recognized as one of the largest oil and gas producers in the U.S., particularly noted for our leadership in the Permian and DJ basins, as well as offshore operations in the Gulf of Mexico. Our midstream and marketing divisions ensure flow assurance and enhance the value of our hydrocarbon resources. Additionally, our chemical subsidiary, OxyChem, plays a crucial role in manufacturing essential components for life-enhancing products. Our Oxy Low Carbon Ventures division is at the forefront of developing innovative technologies and business solutions that promote economic growth while minimizing emissions. We are dedicated to leveraging our expertise in carbon management to foster a sustainable, lower-carbon future. For further details, please visit our website.

Commitment to Employees:

At Occidental, we prioritize attracting and retaining skilled professionals by investing in their growth and providing meaningful opportunities for personal and professional development. Our aim is to uphold the highest standards as an employer by ensuring the health and safety of our workforce, safeguarding the environment, and making a positive impact in the communities where we operate. Our employees are our most valuable asset and will continue to be the cornerstone of our success.

Position Overview:

We are seeking a qualified and driven individual to assume the role of Inventory Growth Reservoir Engineer within our US Onshore Resources & Carbon Management (ORCM) division.

Key Responsibilities:
  • Collaborate with cross-functional teams to pinpoint and assess enhancement opportunities within the Permian Resources and Delaware portfolio.
  • Analyze trades, sales, and development scenarios while calculating related economics, reserves, and potential production risks.
  • Engage with the Appraisal, Development, Geology, and Well Analysis and Design teams to evaluate resource potential within assets.
  • Support and/or initiate assessments of acreage trades, sales, and acquisitions to optimize OXY's ownership stakes.
  • Conduct economic evaluations for non-operated projects.
  • Monitor competitor activities, development strategies, and technical approaches concerning Delaware Basin assets.
  • Identify data trading and well trial opportunities to enhance subsurface insights and improve project economics.
Qualifications:

Education:

Bachelor's degree in Engineering.

Experience:

A minimum of 5 years of relevant experience.

Desired Traits:
  • Collaborative: Strong communication skills, adept at conflict resolution, and effective networking.
  • Innovative: Committed to ongoing and significant improvements.
  • Results-Driven: Focused on delivering value-added outcomes for oneself and others.
  • Proactive: Strong decision-making abilities grounded in experience and data analysis.
  • Accountable: Dedicated to meeting both short-term and long-term expectations.
  • Risk-Aware: Willing to take calculated risks while learning from setbacks.
Skills and Competencies:
  • Experience in the Permian Basin, Texas is preferred.
  • Excellent communication skills (verbal, written, listening, and presentation).
  • Proficient in economic software tools (PEEP, Enersight, Aries, Mosaic).
  • Familiarity with various land and lease requirements.
  • Understanding of typical oil and gas transaction structures.
  • Strong grasp of economic principles, drivers, and business acumen.
  • Exceptional integration, communication, and decision-making capabilities.
  • Knowledge of unconventional reservoir engineering processes.
  • Basic understanding of reserves booking in unconventional reservoirs.
  • Entrepreneurial mindset with a tolerance for risk.
  • Adept at multitasking and problem-solving, with the ability to analyze and propose solutions for projects with varying degrees of uncertainty.
  • Ability to collaborate effectively with team members, other departments, and stakeholders.
  • Fundamental understanding of well construction and surface facilities.
  • Basic knowledge of artificial lift systems and operations.
Occidental is an Equal Opportunity/Affirmative Action Employer. All qualified candidates will be considered for employment without regard to race, color, religion, sex, age, marital status, political preference, sexual orientation, gender identity, national origin, protected veteran status, or disability status.

Recruitment Fraud Warning:

We have been made aware of individuals and organizations falsely representing themselves as recruiters for Oxy. Please be cautious, as these scams do not originate from our recruitment process. All legitimate Oxy job postings and offers will require a completed application through our official company website.

Oxy does not charge any fees at any stage of the recruitment process. We will never:
  • Request payment for applications, interviews, meetings, processing, training, or any other fees.
  • Utilize recruiting or placement agencies that require candidates to pay an advance fee.
  • Ask for personal information such as passport or bank account details early in the recruitment process.
We advise against responding to unsolicited business propositions or offers from unknown individuals. Please do not disclose your personal or financial information. If you suspect you have fallen victim to a recruiting scam, please contact your local law enforcement agency.

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