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Reserve Analyst (WS/3092)

Please only apply if eligible to do so - i.e.  EU Nationals or UK work permit holders

Job Overview:     An expanding Energy Company, with a focus on gas extraction and low carbon solutions, seeks a Reserve Analyst.  Working closely with the Head of Subsurface who reports to the CEO, you will help collate and manage the production forecast based on SPE PRMS and production monitoring of fields/wells.  Applicants invited with some knowledge of oil & gas production, reservoir engineering and/or subsurface database management. A Petroleum/Reservoir engineering background plus Python/R/Java etc. and any other RE/PE software skills are highly desired. Great benefits package and career opportunities working for a growing operator.

The Company, which is part of a larger Group of Companies, focuses on Oil and Gas production and in developing low carbon technologies for the coming energy transition.  They are actively involved in the North Sea with production from operated fields. They are in constant acquisition mode and in recent years have increased their market position significantly. They hold operated platforms in the Danish sector and have equity shares in major fields off Norway and West of Shetland. This presents major opportunities for the Company to realise operational and commercial synergies and further enhance their offshore skills base.

The Company is committed to further growth, both organically and through acquisitions.  With a fairly flat organisational structure and a friendly open culture, they actively promote knowledge transfer and individuals’ involvement in the decision-making process.  The CEO is also a great advocate of health and fitness and has a fully operational gym on site with free instructor lead classes.  In addition, the Company is keen to promote from within, all leading to great opportunity for career development.  

Responsibilities:    Reporting to the Head of Subsurface the role encompasses many functions including:
•    Work closely with the Head of Subsurface.
•    Help collate and manage the production forecast based on SPE PRMS (Petroleum Resources Management System approved by the Society of Petroleum Engineers) and production monitoring of fields/wells. The PRMS definitions and the related classification system are now in common use internationally to support petroleum project and portfolio management requirements. It is used for reporting and regulatory disclosures globally.
•    Liaise with various stakeholders (Operations, Subsurface, Commercial and Finance) across the business units in the UK and Denmark, to acquire, manage and report on production data as required.
•    The reporting requires an annual cycle of scheduled and unscheduled work in relation to the reserves. This is a full-time role requiring dedication and strong project management of activities, fluctuating at various times.
•    Work closely with the Production Data Engineer who will maintain the data feeds into the database (data is primarily imported using Python scrips from csv, xlsx, pdf, and emails).
•    As you progress in this role you will expand your knowledge of the
#reporting regulations and requirements,
#the estimation of petroleum quantities
#evaluation of projects
# maintain the accuracy of the fiscal models
#quality control economic models (input & output)
# run sensitivity scenarios
#generate queries to determine Reserves and Resources
#the presentation of results within the comprehensive classification framework of PRMS.  
•    Keep Stakeholders updated on reporting requirements and deadlines.  
•    Effectively prioritise competing requests for limited resources to deliver content, respond to stakeholders and support commercial activities.

This is an exciting and varied role for an individual with some exposure to production data, combined with good data management skills. It brings together production data from multiple sources and geographies, making a single source of reliable data available to the business and facilities insights to be drawn. It offers a great opportunity to develop your career and take on more responsibility working for an expanding Energy Company.

Preferences:     The successful candidate will have:
•    Degree in engineering in a relevant discipline, preferably reservoir or petroleum, or alternatively a geoscience background essential.    
•    Knowledge of upstream oil & gas E&P industry essential
•    A minimum of 1 year industry experience or strong academic postgraduate research essential.
•    Knowledge of oil & gas production, reservoir engineering, subsurface, databases etc. essential.
•    Ambitious to grow and develop in this role essential.
•    Previous experience working with teams associated with reserves and resources, finance, economics and planning advantageous.
•    Python/R/Java coding experience highly desired.
•    Use of RE/PE technologies, especially forecasting/economic products highly desired.
•    Strong Microsoft office skills (PowerPoint, Excel etc.) desired.
•    Desire to broaden your career in a role where data management, economics, IT and business processes play a pivotal daily role.
•    Strong appreciation of all aspects of good data management essential – storage, retrieval, accessibility, operability, quality assurance etc.
•    Experience using MS Power BI or MS Power Apps advantageous.
•    Ability to multi task and prioritise is crucial – lots of reporting deadlines.
•    Strong attention to detail – must be able to achieve high levels of accuracy with all work produced.
•    Ability to problem solve and take on new challenges.
•    Self-motivated – can get on with the job independently
•    Ambitious – this is an evolving role as the Company expands its production asset. You will be expected to keep up to date with evolving tools, new demands on analysis and reporting to various stakeholders.
•    Ability to work in a fast paced and dynamic environment
•    Strong communication skills (both verbal and written)
•    Highly diplomatic – you will request and collate data from various stakeholders both in the UK and Denmark which then needs to be accessible by various business units.  

Package:    A Salary Package of £39K - £44K (Base + London Allowance of £4K) is on offer dependent on skills and experience.  There may be some flexibility on base salary for a high calibre candidate. Oil operator benefits include – 25 days holiday, bonus scheme, pension, life assurance and unlimited access to the office gym and free instructor led classes.   


PS. Please submit a Cover Letter in support of your application - it should outline a) why you feel you may be particularly suited to this position (i.e. relevant skills/experience and education) b) your availability and c) your salary expectations.



Reserve Analyst (WS/3092)

London, UK
Full Time Work
0 - 1 year of experience

Published on 10 Nov 2021