Reservoir Engineer for Inventory Optimization

1 week ago

Houston, Texas, United States Occidental Petroleum Full time


Company Overview:

Occidental Petroleum is a global energy enterprise with significant operations in the United States, the Middle East, and North Africa. As one of the foremost oil and gas producers in the U.S., we lead in the Permian and DJ basins, as well as offshore 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, produces essential components for life-enhancing products. Our Oxy Low Carbon Ventures division is pioneering innovative technologies and business strategies that foster economic growth while minimizing emissions. We are dedicated to leveraging our expertise in carbon management to promote 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 career development and offering fulfilling opportunities for personal advancement. We aim to uphold the highest standards as an employer by ensuring the well-being and safety of our workforce, safeguarding the environment, and positively influencing the communities in which we operate. Our most valuable asset is, and will always be, our people.

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, specifically in the Delaware Basin Business Unit.

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 the related economics, reserves, and potential production risks.
  • Work closely with the Appraisal, Development, Geology, and Well Analysis and Design teams to gauge resource potential in various assets.
  • Support the evaluation of acreage trades, sales, and acquisitions to optimize OXY's ownership stakes.
  • Conduct economic assessments of non-operated projects.
  • Monitor competitor activities, development strategies, and technical approaches concerning Delaware Basin assets.
  • Identify prospects for data trades and well trials to enhance subsurface comprehension and boost project economics.
Qualifications:

Educational Background:

Bachelor of Science in Engineering

Professional 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 continuous improvement)
  • Results-Driven (focused on delivering value-added outcomes)
  • Proactive (capable of making informed decisions based on experience and data)
  • 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 abilities (verbal, written, listening, and presentation)
  • Proficient in economic software tools (PEEP, Enersight, Aries, Mosaic)
  • Familiarity with various land and lease requirements.
  • Understanding of standard oil and gas deal structures.
  • Strong grasp of economic principles, drivers, and business insights.
  • Exceptional integration, communication, and decision-making capabilities.
  • Knowledge of unconventional reservoir engineering processes.
  • Basic understanding of reserves booking in unconventional reservoirs.
  • Entrepreneurial mindset and willingness to take risks.
  • 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.
  • Basic knowledge of well construction and surface facilities.
  • Familiarity with 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 received reports of individuals or organizations falsely claiming to recruit on behalf of Oxy. Please be cautious, as these fraudulent communications are not affiliated with 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 charge candidates 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 offers or propositions from unknown individuals. Do not share 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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