BP

Reservoir Engineer - Structured Credit

BP$100K — $150K *
Energy & Utilities
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Degree in Petroleum/Reservoir Engineering or related field
  • Experience with US onshore unconventional reserves evaluation
  • Strong understanding of reserves reporting and production forecasting
  • Familiarity with operating costs, development planning, and P&A obligations
  • High attention to detail and risk identification
  • Clear communication skills for technical insights to non-technical stakeholders

Responsibilities

  • Validate reserves assumptions in third-party reserve reports
  • Assess operating assumptions against historical performance
  • Review P&A assumptions including costs and timing
  • Evaluate development program assumptions for financing cases
  • Run price sensitivities to assess value impact
  • Align technical inputs with corporate financial models
  • Compare updated reserves reports against prior reviews and assess performance variances

Benefits

  • Hybrid work model (office/remote)
  • Supportive of cross-team collaboration
  • Opportunity to influence credit decision-making
  • Exposure to varied asset classes beyond US onshore
  • No travel requirements for this position
Full Job Description
Entity:
Finance

Job Family Group:
Finance Group

Job Description:
This role provides technical reserves and subsurface expertise to support ST&S credit underwriting and portfolio management of commodity-based financing transactions with oil and gas producers.
The role focuses on validating reserves, production profiles, and operating assumptions underpinning credit decisions, ensuring technical inputs are robust and aligned with financial models. Working closely with the credit team, Front Office, and Legal, the Reservoir Engineer enables informed decision-making across a range of structured transactions.
Primary focus is US onshore unconventional assets, with selective exposure to conventional, Canadian oilsands, and offshore assets.

Key Accountabilities
  • New Deal Underwriting
    • Validate reserves assumptions (type curves, production profiles, volumes) in third-party reserve reports
    • Assess operating assumptions: LOE benchmarking vs. historical performance; fixed vs. variable cost structure; forward-looking reasonableness
    • Review P&A assumptions (costs, timing, reserve allocation)
  • Evaluate development program assumptions included in financing cases
  • Run price sensitivities in internal reserves database to assess value impact
  • Align technical inputs with corporate financial models
  • Contribute concise technical inputs to credit underwriting materials
  • Portfolio Monitoring
  • Compare updated reserves reports vs. deal inception / prior reviews
  • Assess key variances in volumes, production, and asset performance
  • Support validation of updated corporate models with credit team
  • Run downside/upside price scenarios on reserves valuations
  • Contribute to portfolio reviews, rating updates, and credit papers
  • Cross-Team Support: provide reservoir engineering input to broader ST&S credit teams for producer financing structures.


Essential Education & Experience
  • Degree in Petroleum/Reservoir Engineering or related field
  • Experience with US onshore unconventional reserves evaluation
  • Strong understanding of reserves reporting and production forecasting
  • Familiarity with operating costs, development planning, and P&A obligations
  • High attention to detail; ability to challenge assumptions and identify risks
  • Clear communication skills translating technical insights to non-technical stakeholders


Desirable Experience
  • Exposure to conventional, oilsands, or offshore assets
  • Familiarity with reserves databases and price sensitivity analysis
  • Basic understanding of corporate financial models


Travel Requirement
No travel is expected with this role

Relocation Assistance:
This role is not eligible for relocation

Remote Type:
This position is a hybrid of office/remote working

Skills:
Analytical Thinking, Business Acumen, Collaboration, Commodity Risk Management, Creativity and Innovation, Curiosity, Data visualization and interpretation, Decision Making, Exposure Management, Internal control and compliance, Market Knowledge, Market Risk Management, Operational Risk, Portfolio analytics, Problem Solving, Resilience, Sentiment and Trends, Thought Leadership, Trade discipline and compliance, Trade execution and management, Trading and shipping data knowledge, Trading Fundamentals, Trading knowledge, Trading risk controls

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
NASDAQ

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