BP

Lead Reservoir Engineer

BP$190K — $230K *
Energy & Utilities
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Minimum 10 years of experience as a Reservoir Engineer in U.S. unconventional plays.
  • Strong technical background in unconventional assets with experience supporting active rig programs.
  • Bachelor’s or higher degree in Petroleum Engineering or relevant engineering fields.
  • Excellent communication skills for conveying complex concepts to business audiences.
  • Proven ability to work collaboratively across multiple disciplines and mentor team members.

Responsibilities

  • Anticipate and analyze emerging issues using various technical methodologies.
  • Build and maintain communication channels with stakeholders across multiple teams.
  • Drive change through knowledge-sharing and optimization of subsurface processes.
  • Research and propose innovative solutions within reservoir engineering.
  • Explore new prospects and develop appraisal strategies for hydrocarbons.
  • Support business development in acquisitions and divestitures through technical analysis.
  • Assist in preparing corporate reserves materials in line with policies.

Benefits

  • Access to health, vision, and dental insurance.
  • Flexible working schedule to accommodate personal needs.
  • Paid time off policy and discretionary annual bonus program.
  • Long-term incentive program to benefit employees in the long run.
  • Generous 401(k) matching program for retirement savings.
Full Job Description

Entity:

Production & Operations


Job Family Group:

Subsurface Group


Job Description:

About the role

The Lead Reservoir Engineer individual contributor role is part of the Subsurface Technology Team (STT) within bpx energy. The STT is a centralized center of technical excellence made up of geoscience and reservoir engineering experts who support bpx energy’s multi-rig program across the Permian, Eagle Ford, and Haynesville development teams. The purpose of the Reservoir Engineering team in STT is to drive technical excellence, pursue and adopt innovation, optimize subsurface workflows, and solve the toughest technical problems –through a commercial lens.

The ideal candidate has a minimum of 10 years of industry experience working as a Reservoir Engineer in U.S. unconventional plays. Experience is required in the following capacities 1) Unconventional Resource Evaluation; 2) Reserves Reporting; 3) Unconventional Reservoir Surveillance and Diagnostic Techniques; 4) Rate Transient Analysis; 5) Reservoir Simulation and Modelling; 6) Data Integration & Digital Fluency. While a robust knowledge of theoretical concepts is foundational, it is required that the candidate can demonstrate the expertise in the above capacities applied to the U.S. unconventional oil and gas business. A track record of strong integration across multiple disciplines coupled with excellent communication skills are a must.

The ideal candidate has a personal commitment to inclusion, respect, transparency, ownership, teamwork, and ethics & compliance. The ideal candidate embraces and has experience with fast-paced, agile, and lean work environments. Under such dynamic conditions, it is critical that the ideal candidate has a growth mindset with demonstrated ability to learn, improve, and adapt quickly. Lastly, the ideal candidate is commercially minded, data driven, detailed oriented, and has proven abilities in exercising independent judgment, problem solving, thinking critically, and dealing with unstructured & uncertain situations.

Key Accountabilities

This role will be part of a team of Reservoir Engineering Subject Matter Experts, playing a vital role in driving value into bpx development assets. Core objectives include well performance optimization, cashflow generation, process improvement, tool development, risk management, strategic planning, and technical reserves assessment. This individual should be capable of leveraging advanced technical skills and collaboration to support engineering project management and achieve business objectives. Specific accountabilities include:

  • Anticipate needs particular to the three bpx energy assets – Permian, Eagle Ford, and Haynesville - and apply a wide range of analysis techniques to solve emerging problems including: rate transient analyses, type curve analyses, statistical analyses, machine learning studies, laboratory experiments, and field trials.

  • Own stakeholders such as peers and leadership in the STT, asset, drilling, and completions teams. This includes proactively establishing and maintaining relationships and channels of communication, understanding business needs, and keeping stakeholders regularly appraised of the status of technical projects.

  • Influence change within the organization. Elevate the assets’ knowledge base, standards, and capabilities. This includes standardizing, maintaining, and optimizing subsurface processes; assuring or peer reviewing technical work; offering and hosting one-on-one mentoring sessions; offering and leading technical development opportunities.

  • Pursue and actualize innovative proposals in the reservoir engineering domain. This includes exploring, incubating, and developing new technologies and technical workflows; engaging with third-party service providers and other operators; and attending fit-for-purpose technical conferences and consortia meetings.

  • Progress hydrocarbon resources by exploring new prospects and developing appraisal strategies. This includes evaluating shallower or deeper stratigraphic intervals and new geographic areas.

  • Support the business development team on acquisitions and divestitures. This includes data analysis, technical assurance, and cross-discipline collaboration.

  • Support corporate reserves team and 3rd party reserves auditors in the preparation of yearly reserves materials in accordance with bp policies.

  • Evaluate economics and profitability of potential projects and provide recommendations for execution; understand and communicate the financial impact of technical studies and technology trials.

Essential Education and Experience

  • Must be legally authorized to work in the US without sponsorship

  • Bachelor’s or higher degree in Petroleum Engineering or other relevant engineering fields

  • Personal commitment to inclusion, respect, transparency, ownership, safety, ethics, and compliance.

  • Minimum of 10 years of industry experience working as a Reservoir Engineer in U.S. unconventional plays.

  • Strong technical background in unconventional assets with recent experience supporting active rig programs.

  • Excellent communication skills. This includes clear, concise, and simple messaging, especially when addressing complex technical concepts to a business-oriented audience.

  • A track record of strong integration across multiple disciplines, teamwork, and mentoring.

  • Demonstrated ability to succeed in fast-paced and lean work environments by embracing change & adapting quickly.

  • Demonstrated ability to address technical projects through the lens of business outcomes such as IRR and NPV.

  • Track record of a growth mindset in terms of problem solving, resilience, and continuous improvement.

  • Attention to detail and demonstrated ability to understand and analyze complex issues, manage uncertainty and risk, integrate multiple data sources, and make data-driven decisions.

  • Experience evaluating large-scale acreage positions to support BD, M&A, and reserves assessments.

Desired experience

  • Eagle Ford, Permian, and Haynesville experience preferred though not required

  • Experience in Economic Modelling software (Aries preferred)

  • Experience with competitor data web applications (Enverus preferred)

  • Experience in data visualization software (Power BI or Spotfire preferred)

Salary and Benefits

How much do we pay (Base)? $190,000 - $230,000. Note that the pay range listed for this position is a good faith and reasonable estimate of the range of possible base compensation at the time of posting.

We offer a reward and wellbeing package to enable your work to fit with your life. These can include, but not limited to, access to health, vision, and dental insurance, flexible working schedule, paid time off policy, discretionary annual bonus program, long-term incentive program, and a generous 401(k) matching program.


Travel Requirement

Up to 10% travel should be expected with this role


Relocation Assistance:

Relocation may be negotiable for this role


Remote Type:

This position is a hybrid of office/remote working


Skills:

Data acquisition strategy, Data Analysis, Data Management, Depletion and Storage Development Planning, Fluid Properties, Fluid sampling and analysis, Geological Reservoir and Storage Unit Modelling, Integrated Resource Progression, Measuring and Verification for Carbon Storage, Monitoring, Operations Geology, Petrophysical Dynamic Reservoir Description, Petrophysical Static Reservoir Description, Reservoir Forecasting and Business Planning, Reservoir quality, Rock Properties Framework, Subsurface integration, Subsurface uncertainty and risk management, Subsurface verification and assurance, Well and Area Performance Management

About BP

BP p.l.c. is a British multinational oil and gas company headquartered in London, England. It is one of the oil and gas "supermajors" and one of the world's largest companies measured by revenues and profits. It is a vertically integrated company operating in all areas of the oil and gas industry, including exploration and extraction, refining, distribution and marketing, power generation, and trading. BP's origins date back to the founding of the Anglo-Persian Oil Company in 1908, established as a subsidiary of Burmah Oil Company to exploit oil discoveries in Iran. In 1935, it became the Anglo-Iranian Oil Company and in 1954, adopted the name British Petroleum. In 1959, the company expanded beyond the Middle East to Alaska. British Petroleum acquired majority control of Standard Oil of Ohio in 1978. Formerly majority state-owned, the British government privatised the company in stages between 1979 and 1987. British Petroleum merged with Amoco in 1998, becoming BP Amoco plc, and acquired ARCO and Burmah Castrol in 2000 and Aral AG in 2002. The company's name was shortened to BP p.l.c. in 2001. From 2003 to 2013, BP was a partner in the TNK-BP joint venture in Russia, and from 2013 until Russia's 2022 invasion of Ukraine, held a nearly 20% stake in Rosneft.
Learn more about BP
Size
65,900 employees
Market Cap
$104.4 billion
Industry
Net Income
-$20.3 billion
Founded
1909
5 Year Trend
-2.9%
Revenue
$180.3 billion
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